When's the last time you updated your accounting software?

Like many small business owners, the way you operate your business has changed dramatically over the past 15 years. Leveraging high speed internet, email, smartphones, videoconferencing, etc. has allowed you to manage your business to compete in today's market. But has your accounting software moved ahead with today's technology?

If you are like many small business owners, the answer is no. Many small business owners have been primarily focused on operational technologies and have not had the time or the resources to devote to upgrading their accounting software systems.

Imagine an accounting software system that:

• Automatically retrieved and filed your bank and credit card statements from your financial institutions.

• Accepted online payments from your customers and sent reminders either via email or postal mail reminders automatically for overdue invoices.

• Scanned uploaded bills and receipts and automatically filed them and entered them into your accounting software.

• Took those same scanned bills and electronically managed the approval and payment process.

• Electronically request and gather W-4 and W-9 information from your employees and subcontractors.

• Exported 1099 information and electronically filed and delivered 1099's to the IRS and your subcontractors.

And that is just to name a few of the things recent technological developments allow you to do. Unfortunately, there is no one system to accomplish the above objectives, forcing small business owners must use a combination of services in order to achieve those objectives. The problem for many small business owners is having the time to research and set up those various services to work together. At Loiselle & Company CPAs, Ltd. we specialize in helping small business owners navigate their options and build an accounting software system that fits their needs and improves the operational efficiency of their organization.

Over the coming months we will be profiling these various technologies and highlighting what they can do for you small business and how they work together to make your accounting software system more efficient and produce timely accurate reporting.

Mike is just a technology focused beancounter who says everyday "there has got to be an easier way to do this!" Click here to learn more about him.

At Loiselle & Company CPAs, Ltd. we specialize in creating cost effective accounting systems for small businesses that take advantage of cutting edge technology. Contact us today at 401-300-2345 or info@loiselleandcompany.com to find out how we can help your small business.