We often talk about the “accounting landscape” or “business shifts”. We post trends and changes, new technology, and evolving practices. But do these changes happen for everyone? Let’s take a look at the trends currently affecting accounting in Houston, Texas, and how they are impacting businesses and their employees.
At Devine Consulting, we handle the accounting needs of several companies in Texas and the surrounding states. Companies come to us when they are experiencing issues with accounting or are just trying to wrap their arms around what can be a tremendous task. Now more than ever this task has been made even more challenging with the recovery from the COVID pandemic and what some are calling “The Great Resignation”.
This year in the Houston economy we have seen a huge explosion in the need for accounting personnel. Accounting in the construction industry has been hit particularly hard. This includes companies that build residential homes, to those that construct huge warehouses for the movement of goods across the state. With this uptick in the construction industry comes the need for more reporting to the banks for draws as well investor reporting. Part of the trouble however is what companies are asking their accountants to do. This generally includes a ton of manual data entry.
What Houston businesses are learning is that they need to break away from personnel pushing paper and utilize the technology to achieve the same results. Take a moment and imagine entering data one time, the moment you receive the general contractor budget. Everything from that initial budget is then moved throughout the system until you electronically send draws to the bank for funding. I know that it seems like only a dream, but it can be done at only a fraction of the cost of hiring additional personnel. Let the technology work for you and move away from Excel-based reporting.
If you are not on a cloud accounting platform, now is your chance to get a leg up on your competition. Automate your tasks, remove manual entry, and get more accurate, real-time information in just a few clicks. Systems like Sage Intacct and Microsoft Dynamics 365 Business Central are leading the way in cloud accounting and are helping to transform businesses all over the world.
If you are handling accounting in Houston, Texas or anywhere else in North America, we would love to help you on your journey to the cloud. Give us a call at 855.913.3228 or fill out our simple web form. Someone will reach out to you within 1 business day. You can also check out why we are the number 1 rated Sage Intacct and Microsoft Dynamics Business Central VAR! At Alta Vista Technology we take pride in being part of your solution.