Now that we are out of the holiday season, it means we can
look back, and can you believe that it’s only been about a month since
Christmas?
It seems that a lot has happened since then, but maybe now
that we have passed the inauguration of Donald Trump and its immediate fallout,
we can get back to feeling normal. Or maybe in this holiday-season lookback, we
can at least start to give some hope to those who are finding it difficult to
come by.
This optimism can come in the economic realm, where numbers
show that spending over the holiday season grew at a high rate. The growth
was at least mild across many indicators, but was especially pronounced in the
online realm.
This does not surprise me, as more and more people I know
get the most value from their Amazon Prime membership around the holidays.
Also, knowing people that have done ALL of
their holiday shopping online is no longer rare and these numbers seem only
bound to grow.
It stands to reason then that at the same time that those
numbers are increasing, I have also noticed a marked decrease in the amount of
people who worry about shopping online. Even those in older generations
(traditionally the ones least accepting of new technology) no longer seem to
have many qualms about inputting a credit card number online to make a
purchase.
With all those dynamics in place, though, it does still
surprise me that some people are still hesitant about embracing online
accounting. If society is already pushing more and more of their transactions
into cyberspace, why hold back from embracing that next step?
From my end, I not only have been moving to learn about such
new types of accounting, but am impressed at what it allows me to do. Many of
the traditional issues one has with an accountant, after all, happened with
communication breakdowns and the ensuing waiting those breakdowns cause. If I
am waiting on a couple answer to easy questions, of a few receipts, and my
client is then waiting in turn for me to address them once received, those bits
of time add up and can hold books from being finalized when they’re 98% of the
way there.
Now, however, there are more ways to this communication to
happen, more access to books on both sides of the relationship, and thus more
ways to finish things quicker.
With that, reporting happens faster.
With that, reporting is more powerful because it more
accurately reflects what is happening in your business as this moment
With that, why would one not want to embrace these new
technologies?
Those who do not want to make the cloud accounting jump seem
to most hesitant about security concerns. I hope then that this little anecdote
about how much holiday shopping happens online helps illuminate why this need
not be a giant concern. Sure, no one can ever 100% guarantee complete cyber
security, but with that many online transactions happening, they are clearly
coming with a level of security with which we are comfortable.
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