Accounting automation applications take over routine accounting tasks from human bookkeepers such as manual data entry, bank statement reconciliation, and financial reports. By handling tedious, time-consuming tasks, automation frees up accountants to provide financial advice, projections, and analysis.
In the 1800s bookkeepers embraced the mechanical adding machine, the pocket calculator of its day. In the 1950s, General Electric became the first company to do its payroll on a computer. Accounting professor Richard Mattesich worked out the principles of spreadsheets in the 1960s, though it would be more than a decade before computer improvements made them practical. So, if you’ve wondered, “Can accounting be automated?” the answer has been “yes” for a long time. Given the masses of figures CPAs deal with every day, it’s no surprise that accounting has always been on tech’s cutting edge.
These early programs didn’t automate anything. Humans had to enter data in spreadsheets and computerized account books. Modern software such as Accounting Seed (which is integrated with Salesforce) automates repetitive rule-based accounting tasks. If, say, you sell raw materials to a manufacturer, automated accounting software can track and record the purchase, check for missing information, and generate an invoice. It logs the sale in accounts receivable, then in cash when the customer pays.
Maximize efficiency and cut repetitive tasks with accounting automation
Accounting automation software streamlines accounting processes and improves financial management by cutting manual tasks. Which, ultimately, helps organizations make better-informed decisions. When using Salesforce and an accounting app (for example Accounting Seed), you can automate many of the manual processes associated with accounting, such as accounts payable, accounts receivable, and financial reporting—saving time, reducing errors, and providing more accurate and timely financial data.
Why integrate an accounting app with Salesforce for accounting automation?
Set your team up for peak productivity by choosing an accounting automation solution that reduces error, improves data quality and insight, and ultimately enables your team to focus on their most important priorities.
- Automate recurring tasks such as reconciliation, billing, and payments
- Cut out the manual activities that are prone to error and inaccuracy
- Ensure better data quality
- Gain access to important financial insights
- Support better decision making
- Drive faster, more accurate close cycles
Still curious? Have questions? Contact us — we’re happy to help!