8/10/2023 0 Comments Automated bookkeeping![]() The use of APIs in automating accounting workflows and processes is critical in creating a custom solution tailored to your firm’s unique compliance processes. Essentially, an API acts as a facilitator that enables two different and separate applications to talk to each other. Look for a complete tax compliance solution enabled by APIs that delivers automation to eliminate or reduce manual processes throughout each step of your tax workflow.Īpplication Programming Interfaces (APIs) allow two disconnected systems to access and use each other’s features or data. However, automation is the accountant’s pathway to more rewarding, high-value work. It is certainly more economical for rules-based software to complete tax returns instead of expensive and error-prone humans. And in today’s “do more with less” environment, the boost in time savings and accuracy couldn’t be more important.Īt face-value, automating accounting can be a scary thought: robots can do it better? Yes. The result is more accurate results in less time. How is accounting automated?Īccounting automation involves streamlining accounting processes and standardizing tax inputs and workflows using technology. However, the rise of robots may not necessarily lead to less jobs, but more interesting work for humans. ![]() With the dawn of automation, robots are faster, more accurate, and don’t mind mundane tasks. In the professional services sector, it’s not uncommon to wonder if robots will someday make the role of humans obsolete.
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