Beyond Spreadsheet Accounting
Why businesses outgrow spreadsheet bookkeeping, and what real accounting software changes, in under 90 seconds.
About this episode
A quick history of accounting tools, from the abacus to written ledgers to calculators, sets up the argument: spreadsheets are just the latest tool businesses hang onto too long, leaving scattered files and conflicting numbers.
The narration makes the case for accounting software on three counts, consolidating financial data in one place, automating invoicing, accounts payable, accounts receivable, income, and expenses, and making financials easier to share with internal and external stakeholders. It stays conceptual, no product is named or shown.
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Book a call00:08from the abacus to written ledgers to adding machines and calculators people have been using accounting tools for centuries most businesses start off by relying on spreadsheets to manage the books and many continue to use spreadsheets even as the business grows and becomes more complex the result is desperate data spread across multiple spreadsheets that are often out of date or present conflicting numbers those spreadsheets become an albatross and just like we parted ways with the abacus businesses need to invest in modern accounting software solutions doing so will accomplish three key things one consolidate the financial data of a business in one place two automate accounting processes like invoicing accounts payable accounts receivable income and expenses and three make it much easier to disseminate financial data to both internal
00:58and external stakeholders with all financial data in a single place accounting staff won't have to spend hours cross-posting information re-keying numbers or manually reconciling data ultimately this saves a business time reduces costs and ensures more accurate financial reporting