{"id":5589,"date":"2020-12-17T07:02:55","date_gmt":"2020-12-17T07:02:55","guid":{"rendered":"https:\/\/wordpress-751090-2973267.cloudwaysapps.com\/?p=5589"},"modified":"2020-12-17T07:02:57","modified_gmt":"2020-12-17T07:02:57","slug":"automatic-accounting-for-you-who-think-that-time-is-money","status":"publish","type":"post","link":"https:\/\/www.a1articles.org\/automatic-accounting-for-you-who-think-that-time-is-money\/","title":{"rendered":"Automatic Accounting – For You Who Think That Time Is Money"},"content":{"rendered":"\n
\"Automatic<\/figure><\/div>\n\n\n\n

Small business owners rank administration as the most important work process to digitize in the next few years. In this article, you will read more about how we work to make accounting automatic in the long run – so that you as an entrepreneur can take advantage of the benefits and have more time to develop the business.<\/p>\n\n\n\n

You who ran your own business twenty years ago will probably remember what it was like; bags with receipts that were submitted to the accounting firm, and then punched in manually. Even today, many small business owners spend more time on accounting than is actually needed. At the same time, the digitalization of the accounting industry is more relevant than ever and affects you as a small business owner<\/a><\/strong> to a very high degree. Anyone who does not adapt to new technology and people’s behavior risks falling behind, or in the worst case, disappearing completely. A good example is the camera company Kodak, which did not understand the breadth of the digital camera and therefore competed. History has thus taught us that a business strategy that benefits from new technology and people’s IT habits is likely to be more successful than an analog one. The question is how do you look at it all?<\/p>\n\n\n\n

According to a previous report, more than one in four small business owners ranks administration as the most important work process to digitize over the next three years. But even more state that they are locked into their current systems, which stands in the way of digitization.<\/p>\n\n\n\n

How does automatic accounting work?<\/strong><\/h2>\n\n\n\n

Machine learning is a part of computer science, closely related to the concept called artificial intelligence. Simply put, it is about building a model of calculations, so-called algorithms. These algorithms can learn from historical data, and thus predict information based on the historical data.<\/p>\n\n\n\n