Renovation of processes in the accounting company – TaxCamp 2023

In a constantly evolving world, in which technology has become a decisive element of daily activities, the accounting industry is no exception. Digitization is an undeniable tendency and the accounting and accounting companies are faced with the challenge of adapting and evolving with this change.

This year, in February, I participated in the TaxCamp camp, taxes and accounting in Romania, Where I stressed the importance of the structured work in the context of this transition, offering solutions to overcome operational chaos and reach new levels of efficiency.

Structured work is the key to success in a digital world. It implies a well -defined work process, composed of distinct stadiums, each with precise and responsible procedures. This approach offers a series of significant benefits for accounting companies:

1. Eliminate internal discussions on states: The structured work reduces the unclear unclear. Each member of the team knows exactly in what phase is a certain project, thus eliminating the waste of time with further questions and clarifications.
2. Reduce administrative time: The well -defined processes reduce the time spent for boring and repetitive administrative activities. Therefore, the accountants can allocate more time for analysis, strategy and other creative things that help the company grow.
3. Transparency and clarity: Each team member has access to updated information in real time, ensuring transparency and eliminating ambiguity that can lead to expensive errors.
4. Visibility in real time: The digital systems allow the real display of the projects and the performance of the teams, facilitating the made of informed decisions. For example, if you want to check the documents for a customer, this will be visible for the entire team.

However, the transition to structured work is not without challenges:

1. Discipline and accommodation: The implementation of structured work requires discipline and a period of accommodation for all the subjects involved. It is a process of adaptation and the initial efforts will be rewarded in the long term.
2. Internal coaching for alignment: During the transition, the internal coaching plays a crucial role in guaranteeing the alignment of the entire team. Chiara communication and mutual support are essential to overcome possible obstacles. It is very important that the whole team is guided by the same objectives, so that the efforts to the same place. It will be necessary to eliminate the old habits and therefore the skills of new habits, which will be supported by digital tools.

In an accounting company, the phases of the theoretical accounting process follow a clear flow, such as the one in the image below.

However, in practice, the activity is often interrupted by various requests or changes, which can affect the workflow and efficiency.

Therefore, this is still a reason why digitization of the work process is needed, in order to reduce interruptions and communication with customers to be more stable. Obviously, there are several aspects here, in addition to digitization, it is necessary to establish clear rules of communication with customers.

Another important aspect in the context of digitization is the optimization of the management of additional services. This entails the clear definition of the list of services offered, transparent communication to customers, collecting and analyzing the data to generate reports to support the decision -making process to maximize profitability.

Unclosted work can provide an illusion of flexibility, but this has a significant price. Excessive consumption of time and energy can lead to a burnout between the accountants. The overload can negatively affect the quality of the services and the moral of the team. And nobody wants it.

We consider and support the accountants to digitize, because we believe that digitization is an undeniable opportunity for accounting and accounting companies to improve their processes and efficiency. The structured work brings clarity, transparency and visibility in a world in constant change. With all its challenges, the passage to a well -defined approach deserves the effort and the results will be long -term in the form of greater efficiency and a motivated team.

If you want to see the complete presentation of TaxCamp, you can do it at any time by clicking here.