What does the Data stand for and is it needed?

If you only offer Bookkeeping Services - why add data to your company name?

This is a question which is an understandable concern. After all, what does Data have to do with Accountancy, and are you pivoting away from what Business Owners actually need in a more regulation heavy landscape.

Cloud Accounting Software has gone from a luxury to a necessity due to new regulations such as Making Tax Digital and increased scrutiny around Money Laundering Regulations. 

It is easy to believe that the Software or even your Bookkeeper can do everything to keep you compliant and allow you to focus on the work that really matters. And in some cases this may be true. 

However, Data impacts on operations more than we realise. Most companies have to deal with GPDR including Data Protection, Privacy and Minimisation.

Working with Financial Data also creates a new set of challenges. Inherently, Cloud Accounting Packages are criterion based packages that only work under the right parameters, and even minimal errors can have disastrous consequences, especially regarding Audit and Year End Management.

Our approach is to contextualise the "why" behind Data Management to allow you to stay in control and develop workflows and processes that will save you time later. Our expertise not only keeps you compliant, but also effective in building a strategy to help you Business to perform better.