Useful Tips for Accountants in Covid-19

Technology now allows people to connect anytime, anywhere, to anyone in the world, from almost any device. This is dramatically changing the way people work, facilitating 24/7 collaboration with colleagues who are dispersed across time zones, countries, and continents.

-Michael Dell

COVID-19 has really changed the world around us, from people being locked down in their houses, to businesses focusing more on work from home; business dynamics have also witnessed a drastic shift. In such situations, it is very crucial for businesses to opt for modern ways to conduct day-to-day tasks as rightly said in the quote above. In this article, we have described some useful tips for accountants in Covid-19 to help them have some ease in their work and make the maximum of this tough time.

Transfer Your Accounts to the Cloud

You may be working digitally using the latest software, but transferring all the accounting data to the cloud has its own benefits. You can access the large files of data from anywhere at any time using the cloud. It doesn’t require you to load big files in your device, eliminating storage issues. It increases your work speed and provides you with simplistic solutions.

There are many great accounting software that lets you use this cloud feature, like QuickBooks, Xero, Intacct, etc. For accounting firms, this can be a boon as it doesn’t require any software installation and is secured. For this work from home edition, the cloud feature can be your saviour.

Automate Your Work Process and Eliminate the Use of Paper

It’s the 21st century, using paper-based solutions are out of date. Businesses around the globe have shifted to digitalisation years ago, and now is the time of automation. After all, why to work hard when you can work smart, right?

Using software like QuickBooks, Xero, Sage X3, Odoo, etc. you can easily shift to a digital version of accounting very quickly. They also provide automation in various accounting tasks such as accounting reconciliation, sending and receiving invoices, bill reminders, etc. Using artificial intelligence and the latest technology, invoices can get automatically logged in as a PDF. It eliminates the need for storing invoices in a paper base version, giving an environment-friendly solution. You can also access such software from your smartphones any time you want.

Use This Time to Attract Investment in Your Business

With the Corona virus pandemic, a lot of businesses around the world are losing their investments; some of them are facing very thin financial situations as well. In such times, it can be hard for anyone to stay economically viable, but you can definitely try to maintain your existing position making room for future investments.

As an accountant, you may start this by prioritizing tasks such as clearing your past accounts, organizing your data to appear more systematic and increasing your professional network. You may not get much business during this time, but you can provide your valuable insights on professional networking sites such as LinkedIn to help individuals in your profession. You can share some tips for accountants in Covid-19 situation, tips to be more productive, etc. It would help you passively in building your credibility making you appear investment or business worthy.

Outsource your Accounting Work

With this pandemic situation, your business might be running on tight financial condition, thus the best way for you to get your accounting work done is through outsourcing it. Countries like India, Philippines, etc. are known for their non-expensive quality professionals; you can leverage it to your advantage.

You can outsource your accounting and bookkeeping work and can shift your focus on more crucial tasks such as developing your business, networking, sales developing, etc. Meru Accounting can be your all in one business partner for all the outsourcing work as we provide a wide spectrum of services from accounting to taxation; you will find everything under our umbrella.

Services Provided by Us

Meru accounting is India’s top accounting and bookkeeping outsourcing company delivering quality solutions for more than a decade now. We use the latest technology and have tie-ups with software like QuickBooks, Xero, FreshBooks, and more to ensure smooth and deliberated solutions for our clients. In addition to that, the best thing about us is that we provide highly competitive services at a very affordable rate. So, what are you waiting for? Get in touch with us now.

Brief for Graphics

Covid-19 pandemic has changed the business dynamics around the globe, in such times, it becomes essential to adopt the latest changes. Accountants can use these essential tips during COVID-19, to ensure a smooth and easy running of their businesses.

Meru accounting is best bookkeeping outsourcing company delivering quality solutions for more than a decade. You can trust us with your business; get in touch with us now!

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