Technology has fundamentally changed the way accountants run and conduct their business with clients. Paper has effectively been removed and almost everything is electronic and can be received and processed instantly. Banking information can now be received daily and can be automatically inputted into your accounting software. These are known as live bank feeds.
As a result of the immediate receipt of information, accounting can also be immediate and real-time information is now available for analysis. Proper analysis of current information is such a valuable tool to business owners. It allows for immediate decisions.
Again, utilising technology like Syft Analytics we provide that invaluable analysis.