There was a time in the not-so-distant past when bookkeeping and accounting tasks were all completed on paper. If that were still the case, I can assure you that I would not have shifted my career to the world of accounting and finance. Ha!

Like with most industries, technology and software have dramatically changed accounting and bookkeeping for the better, but there is an oddly “old school” mentality around it that is still prevalent today.

Let’s be clear: there is absolutely no reason you should be running your online business like it’s the 1970s just because your bookkeeper and/or accountant hasn’t caught up to modern financial practices. 

That’s why for today’s episode, we discuss:

• The role of bookkeeping in a modern online business

• The tasks that bookkeepers and accountants used to manage for small businesses, but don’t need to anymore

• The software and the team members our clients lean on to make sure their internal financial tasks are taken care of each month

• Why invoicing should be done outside of your bookkeeping software and why most online businesses shouldn’t be invoicing in the first place

• Our favorite payroll software and why it’s made payroll for small businesses so much easier to manage