I Love Bookkeeping

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