The month end closing process is one of the busiest period for accountants, new and experienced alike. It is the season of rushing deadlines, payroll processing, closing books, and finalizing reports, all packed in a few days. Even though the same thing happens every month, some professionals just learned to live with it, without doing something to make their month end closing process in accounting more efficient.

There’s no doubt about it - robotic process automation is the future of the accounting industry. The technology is already within our reach. Accenture estimates that 80% of the finance and accounting tasks to be automated in the next few years.

The latest technologies have enabled us to do a lot of things that seemed impossible decades ago: self-driving cars, smartphones, and even artificial intelligence. Today, all of these are within our grasps, and for aspiring accounting firm owners, starting an accounting business can now be done at the comfort of your own home. Curious about how you can get this done? Here’s a short guide on how to start a home-based accounting business:

  Is your business ripe for the next business phase? An affirmative answer means your business is doing quite well. Most probably, you and your virtual chief financial officer (CFO) are putting in a lot of work not only in your actual business operations but also in your business finances. However, if you’re not well on your way yet, perhaps you need professional advisory services to improve your business management and accounting initiatives.

With the ongoing crisis, businesses are increasingly relying on remote employees and outsourcing to help them with their business processes. Outsourced bookkeeping services are on demand and they can help small-sized and medium-sized enterprises to manage their accounts in such tumultuous period. Here are the basic services you should expect bookkeeping outsourcing firms to handle:

According to the Health & Safety Executive of the United Kingdom: “The main work factors causing work-related stress, depression or anxiety were workload pressures. These included tight deadlines, too much responsibility, and a lack of support.” Stress can have harmful effects on your health, especially if it’s something you feel on a daily basis. There is a way to relieve some of that stress, and that is by permanently removing one item from your to-do list: payroll management.