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Not sure if this is the right thread, but what do you guys think about automation in the accounting/bookkeeping/finance industry? I'm in the bookkeeping/accounting industry, but since I'm not CPA (yet), officially its a public bookkeeping business.
I have a ecommerce (Amazon FBA) client who does about 50K a month. Doing the data entry for their business is a PITA, especially with the variable FBA fees. If I could batch, I would. In an attempt to decrease the amount of allocated resources for that client, I've recommended the client to purchase a SaaS, Entriwise, that will automate the data entry process. This software will decrease their accounting/bookkeeping costs, but in turn will also decrease my billables - or cut me out of a job. Since they're my friends, in this case, I don't mind. Considering I need more time to focus on my larger clients.
What do you guys think? Will automation of mindless tasks (data entry) be better for you (and company) since you can focus on more value added tasks, like financial analysis/reporting?
Or do you think it will it create bigger issues, like lower billables, therefore lower revenue?
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