Financial Literacy: The evolution in the age of digital accounting
Throughout this newsletter we have reiterated the importance of financial literacy basics. In keeping with our theme, the DIGIT team wants to further help small businesses discover more ways to improve their financial wellness and do so but capitalizing on the advantages of digital accounting.
For the longest time, many owners would focus on their “books” once a year during tax season. Maybe they would review when quarterly estimates were due or at best, glance at a
P&L or balance sheet monthly. That has all changed. Today with the easy synchronization between accounting software and banking systems, business owners benefit from:
- Real time access to their financial status
- Greater accuracy with the most up to date transactional information
- Staying connected outside the office with data at one’s fingertips
Most of all it is easy and any member of the DIGIT team can start you on the way to greater financial wellness.