Times have changed and we now live in the digital age. Just like how televisions have been completely transformed over the past 20 years, bookkeeping has changed as well. [2:10] We hear a lot of talk about bots and automated bookkeeping and frankly...
Times have changed and we now live in the digital age. Just like how televisions have been completely transformed over the past 20 years, bookkeeping has changed as well.
[2:10] We hear a lot of talk about bots and automated bookkeeping and frankly that’s a good thing. Apps and bots taking over the repetitive and rote tasks of data entry is great because that will allow us as bookkeepers to elevate our game.
[2:45] Everything starts with the transactions, but built upon those is the three financial statements that you need to be able to present to your clients in a way they can understand. Being able to interpret these statements for your clients is the first level of a 21st century bookkeeper.
[3:20] Being able to extrapolate for your client and helping them understand the meaning behind the numbers is crucial. Business owners can be overwhelmed by the raw data and this is where having a niche can give you an edge. You learn the language of the business and can start to leverage economies of scale.
[4:10] We all need to be improving our communications skills because that’s not something that a bot can easily replace.
[4:20] Built upon interpretation is advice. Being able to look forward and affect positive change in your client’s business by giving advice is very important. You have a perspective that can unlock your client’s ability to make more money and free up their time.
[5:25] Do you know your client’s goals and understand what they truly want? Understanding their goals will give you the foundation for providing good advice.
[5:50] The digital bookkeeping professional is getting away from the preparation and data entry tasks and moving towards becoming a trusted advisor. The difference between just giving advice and becoming a trusted advisor is your client will come to you.
[6:30] Interpreting, advising, and becoming a trusted advisor is how you distinguish yourself as a 21st century digital bookkeeper.