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Why buy bookkeeping services, couldn’t you automatically categorize expenses?
by _9hey 4y ago
Why buy bookkeeping services, couldn’t you automatically categorize expenses?
- refrigerator 4y agoLots of tools integrate with Quickbooks and Xero now so you're right that a big chunk of bookkeeping work is pretty automated, but there will always be a bunch of transactions that don't live inside a nice system that will need manual categorisation, e.g. random invoices from vendors that need to be manually paid and categorised. Outside of categorisation, there's some more technical accounting stuff that also needs to be done, e.g. accounting for revenue properly on the Balance Sheet.
- CalChris 4y agoWhat about putting those odd invoices that don’t Xero into a shoebox and letting the to be hired CFO deal with them later?