Make Accounting Smarter with Automation Tools

Accountants often face challenges with manual, repetitive processes like data entry, document collection, and getting signatures from clients and third parties like banks and lawyers. 

The old ways of gathering client information involved long email chains, lost attachments, and constant chasing for paperwork. 

This manual approach is time-consuming, error-prone, and causes delays, frustrating both accountants and clients.

How Automation Helps

Automation can change all this. By streamlining workflows, it saves time and improves accuracy. 

As James Rose, a professional in accounting technology, puts it, "Automation and workflows fixed my life and made me more relaxed." 

Paul Murray, founder of AccountKit, shares a similar sentiment, saying, "I'm a huge fan of minimising clicks in our day-to-day." 

He understands how repetitive tasks slow down accounting practices, adding that "anything that can help with that, I'm a huge fan."

Simplifying Workflows with AccountKit

AccountKit makes workflows simpler by connecting projects and tasks, offering an overview of the entire process. 

This seamless integration cuts down on platform switching, reducing the chances of mistakes. 

Paul Murray explains, "We are a toolkit made for accountants and bookkeepers to streamline and automate our day-to-day." By reducing clicks, AccountKit helps accountants focus on what matters most.

AccountKit's features that help with repetitive tasks include:

• A dashboard that links to key functions, from workflow to ATO lodgments.
• Integration with Document Management Systems (DMSs) and Xero Practice Manager (XPM), giving quick access to client data.
• Simplified compliance tasks like equipment finance, Division 7a and inter-entity loan reconciliations.

"If I don't have the information in AccountKit, then I want the information to be only a click or two away," says Paul. This approach makes accountants' lives easier and more efficient.

Content Snare: Easing Client Information Collection

Content Snare is another automation tool that helps accountants gather client information with less hassle. 

James Rose describes the problem of chasing documents manually: "You send someone an email, I want these ten documents from you, they reply with maybe seven if you're lucky." 

Content Snare automates this tedious process, sending automatic reminders and allowing real-time tracking of client submissions.

Clients don't need to log in; they can respond to email requests directly. If they upload the wrong document, it's easy to reject it and ask for the correct one. This keeps the process smooth without creating tension.

Integrating AccountKit and Content Snare

AccountKit and Content Snare work well together to automate key accounting processes. 

For example, when onboarding new clients, accountants can set up workflows in AccountKit that use Content Snare's templates. 

This integration reduces clicks and helps accountants manage document requests more efficiently.

Paul Murray explains how this integration saves time: "Normally, you could just have a process that says go over to Content Snare, create a new request, choose the onboarding template, and send it to the client. But you can skip a lot of this simply by creating a new request in Content Snare and choosing a template." 

This reduces steps and creates repeatable standardised processes. This gives stakeholders confidence that things are being done efficiently and the right way, every time.

Practical Examples 

AccountKit and Content Snare make client onboarding smoother and faster. 

When a new client joins, accountants set up workflows in AccountKit and use Content Snare's templates to collect information. 

Accountants can also use the templates within Content Snare to collect information from clients for their annual tax compliance or tax planning, then do compliance work within AccountKit's suite of tools. 

This way, clients can respond to document requests without logging into multiple platforms, and accountants can track their progress in real time. 

This approach reduces clicks, ensures consistency, and eliminates the need for lengthy email chains.

Conclusion

Automation tools like AccountKit and Content Snare are transforming the accounting industry. 

By integrating them into your workflow, you can save time, reduce errors, and focus on providing better client service. 

Make your accounting practice smarter and easier.

Read to automate your practice's manual, repetitive processes and save your team lots of time? 

Sign up for a free trial or book a demo to see how AccountKit and Content Snare can make a difference in your day-to-day processes.