The Significance of protecting client financial data.
The role of a bookkeeper has traditionally been to ensure the accuracy of captured and processed data. Previously, bookkeepers generated data from source records, which provided a level of certainty and reliance that it was accurate. However, with the emergence of other sources providing and processing data, a bookkeeper’s expertise now involves reviewing how those sources captured and processed the data.
That said, the demand for Professional Certified Bookkeepers like Being Accountable to utilise top-notch software technology for tasks such as creating, processing, coding, reconciling, and verifying business data has increased significantly.
Technology, tools and automation.
In today’s world of bookkeeping, staying up-to-date with the latest software technology is crucial. Bookkeepers are expected to efficiently and accurately process a client’s business data with the help of sophisticated accounting software.
Processes, once done manually, such as bank feeds, invoice data, and payroll timesheets, are now automated. And that means we receive and process business data created by systems other than our own.
To cope with this changing landscape, we equip ourselves with the best possible tools to automate data processing. Efficient techniques provided by the software we use ensures we work competently and effectively with data.
The role of “Intelligence” and the importance of data integrity.
With the increasing use of “Intelligence” coded into accounting programs, the software can recognise different types of data and process it as we might have. This “Intelligence” has been provided to the software by someone who has said, “If the data looks like this, then do this to it.”
That said, even the ATO are faced with the challenge of ensuring the reliability and usability of this data. To determine whether the data can be used to ascertain tax and other liabilities and obligations, it needs to be “assured”. This is where Being Accountable can be relied upon to check and verify the data. As a Professional Certified Bookkeeping Practice, our role is to provide the outcome of this data, and our expertise lies in using the right tools to do so professionally.
It is crucial to maintain data integrity to ensure that business owners can make sound decisions. Data integrity refers to the overall accuracy, completeness, and reliability of business information. It is essential for regulatory compliance and is maintained through processes, rules, and standards implemented during the software design phase. When the data’s integrity is secure, the information stored within a database will remain complete, accurate and reliable.
Our commitment to our clients.
Our clients rely on us to provide accurate and reliable financial information. That’s why we have a team of experienced and qualified bookkeeping professionals who take pride in their work and are committed to ensuring the integrity of the data we handle.
At Being Accountable, we are dedicated to providing our clients with best-practice bookkeeping services to help them make informed business decisions. To learn more about our services, visit our website at beingaccountable.com.au.
