The state of bookkeeping. Counting beans. Looking for a penny. Checking to make sure monthly reconciliations are done, and more importantly, done correctly. Although tax accountants are getting all of the credit these days, the tried and true sector of the finance industry is getting passed over where credit is due. Bookkeeping.

Accounting Today reported on this issue last week, citing problems such as recent software innovations. Considered a gift and a curse, multiple platforms such as QuickBooks and NetSuite have led the industry with their recent process simplification. The nature of the platforms allow almost anyone in a small or medium sized business to run their own numbers. On the other hand, with wide spread use, comes wide spread mistakes. Businesses have reported problems with misses in their day to day function, as well as a constant need for a financially savvy presence when tough questions arise.

A need for an outsourced bookkeeper is more prominent in 2019 than in previous years. Benefits include lower cost than in house CPAs, monthly maintenance without time spent, and clean up of previous issues. The face of bookkeeping is ever changing, but boy, do we like it in our favor.