As a business owner, you need to ensure that you are always tax compliant, your books are in order and records up to date. This can be very time consuming and laborious, but technology has made things a whole lot easier for us as we can now do all of this with minimal paperwork in our day and age. Gone are the days where we would have to print invoices, receipts, credit notes, etc. For example, some retailers and service business entities now simply email these to their customers and client. This, in my view, is a far better solution for us as we now can worry less about creating huge physical filing systems or losing records. You can now also simply refer back to your emails to find the digital copies of this “paperwork” when it is required.
Now that COVID-19 has also forced many of us to work from home, you might be having some questions or concerns as to how we will continue to be able to ensure that all your needs are still met and we can help you remain compliant, even while working from home. Accountants as well as tax practitioners serve a critical purpose in the business environment and what is crucial is consistent compliance; and more so tax compliance.
Traditionally, the role of the accountant has been physical interaction, that is, the accountant physically coming onsite and spending hours with clients, or data being physically sent to the accountant for him to work on. The effects of COVID-19 have forced individuals and businesses alike to re-look and optimize their processes so that the desired outcome is still achieved even in the present environment. With the various lockdown levels rotated regularly and the population having to do their part to flatten the curve of viral infections, physical interaction has had to be limited to almost zero where possible. What this has accelerated is digital transformation in the workplace, staff working from home, meetings being held virtually, and collaboration taking place remotely. This has made put a greater responsibility on accountants to be more responsive in the execution of their work.
“We can help you remain compliant, even while working from home.”
Maphetla Motsepe
The role of your accountants has not ceased to be critical, but we have welcomed the digital transformation and taken advantage of virtual tools and resources. We at Nkobane Consulting have geared up for a time such as this and have implemented various measures like the use of cloud-based software such as Syft, Sage, Draftworxs, Zoom, Teams and even WhatsApp to ensure all our staff are able to operate optimally – not only from home but even during load shedding to ensure that none of our clients’ deadlines are missed, and they remain compliant as per statutory requirements.
It is obvious that the modern consumer is techno-savvy. They have embraced digital technology fully. They are able to access their financial accounts any time of the day, digitally, from just about anywhere in the world. They insist on real-time reporting of all their transactions, customized treatment, and fast service. For these kinds of clients, accounting digitalization is the solution. This tool empowers accountants to offer fast, error-free service to their clients.
What are some benefits of accounting digitisation?
- Instant Bookkeeping
- Easier filing of Tax Returns
- It is Easier to manage staff
- It is also now easier to make financial forecasts
Do not be left behind, as company, in this digital revolution, which has actually come to make business administration easier for you as business executives and administrators.