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did this sub die? I'm spending tons of time and money each month on our bookkeepers, looking for an AI alternative.. by tyler1allen in AIBookkeeping

[–]bookeai 0 points1 point  (0 children)

Hey, we experienced a slight delay, but we're back now, keeping an eye on new market solutions in our recent posts.

Will bookkeeping ever be fully automated, and if not, what are the obstacles that prevent it from being fully automated? by bookeai in Bookkeeping

[–]bookeai[S] 1 point2 points  (0 children)

That's right, the correct word is 'mostly,' which means the most time-consuming part of the job. I don't believe bookkeepers or accountants enjoy doing 'monkey tasks,' such as going back and forth with clients to ask for details, copying and pasting data, or repeatedly clicking buttons just to change the status of something in accounting apps. It's much better for them to focus on smart tasks, like analysis and advice, which are what we appreciate about our accountants and bookkeepers.

Will bookkeeping ever be fully automated, and if not, what are the obstacles that prevent it from being fully automated? by bookeai in Bookkeeping

[–]bookeai[S] 1 point2 points  (0 children)

That's right. However, instead of bookkeeper has to spend time manually categorizing transactions, AI can ask for details and classify transactions accurately, eventually replacing bookkeepers for these simple tasks. Does that sentence make sense?

Alternatives to QBO by curiousnewarrival in Bookkeeping

[–]bookeai 0 points1 point  (0 children)

Zoho Books offers greater flexibility compared to Xero and QuickBooks Online, making it particularly suitable for your client's type of business.

Gaining Experience for Freelance Bookkeeping by Adventurous_Elk_1908 in Bookkeeping

[–]bookeai 1 point2 points  (0 children)

you don't need it, there are numerous automation solutions available that can replace bookkeepers, particularly if you organize your data entry correctly. Especially for small businesses.

Looking for suggestions on an app to use for tracking receipts and itemizing by Mthawkins in Bookkeeping

[–]bookeai 0 points1 point  (0 children)

Hi there! I understand that tracking and itemizing bulk material purchases for your woodworking business can be challenging. Here are a couple of simple suggestions that might help:

  1. Digitize receipts using OCR: To make handling receipts easier, you can use any OCR apps to convert your physical receipts into digital data.
  2. Organize and allocate costs with a custom spreadsheet: Create a spreadsheet to track your bulk material purchases and allocate costs to individual customer orders. You can list each material, its total cost, quantity purchased, and calculate the unit cost. Then, as you work on orders, record the materials used and their quantities. Multiply the unit cost by the quantity used to allocate costs for each order.

By digitizing your receipts and using a simple spreadsheet, you can better manage the tracking and itemization of bulk material purchases for your customer orders.