Technology development, and before that, industrial development, strives to drive down the utilization of the costliest production inputs. Frequently the costliest input is human input. What reduces the need for human input?
Here's how it is defined by Dictionary.com:
1. the technique, method, or system of operating or controlling a process by highly automatic means, as by electronic devices, reducing human intervention to a minimum.
2. mechanical device, operated electronically, that functions automatically, without continuous input from an operator.
3. act or process of automating.
4. the state of being automated.
Automate with QuickBooks
Today QuickBooks, and apps in the QuickBooks ecosystem, have many features that allow the user to automate tasks. Tasks that in other software and in prior versions of QuickBooks require or required more human input than is needed today.
To be clear we are not saying that QuickBooks automates all processes or fully automates any specific process, but significant steps are being made to automate the bookkeeping process.
4 benefits of automation
- Gives you more time to focus on growing your business
- Increase speed
- Increase accuracy
- Increase profitability
Now refer to the definition of automation and notice that automation results from “reducing,” not eliminating, human intervention.
QuickBooks does that today and will do even more of that in the coming years. Achieving automation is a process not an event.
In fact, it is not going too far to say that QuickBooks and especially QuickBooks Online are designed to automate many of the tasks that bookkeepers performed in years past and even still perform today.
As a result of Peak Advisers working with hundreds of QuickBooks users, we know most are not taking advantage of the opportunities to reduce human intervention.
Reduce costs, increase profitability with automation
Or to say it another way, many QuickBooks users are not taking advantage of the opportunities to increase accuracy, increase speed and increase profitability.
Peak Advisers has created a series of blog posts and related videos to address automation opportunities in QuickBooks. Some will be significant and some not.
Hopefully we all can learn from this series.
The first example is something that we completely missed until recently. See "A story about my blindness to automation" here.