Sat
21
Aug
2010

Next time you talk to your accountant . . .

by in From the CEO's Desk

The next time you chat to your accountant, make sure you give them a quick heads up about the RxWorks Chart of Accounts for veterinary clinics. It is free to use for all users of RxWorks.

You may not know what a "Chart of Accounts" is or how to use one - but your accountant will know  instantly. They will already be using one to prepare your financial statements and they will want to plan when the best time is to switch you over to the RxWorks Chart of Accounts for veterinarians. Usually they will do it at the end of a month, quarter, calendar year, or financial year. Whichever one they chose - they will want to plan it in advance - so make sure you give them this link:

http://www.rxworks.com/index.php/onlinemanual/148-working-with-accounts/226-chart-of-accounts.html

We are doing a lot of work in this area and the RxWorks Chart of Accounts for vets is just the first stage. You will see us roll out new features in RxWorks that will leverage the Chart of Accounts in the coming months. The reason we are giving you the heads up now, is we know it will take you and your accountant time to plan and adopt the RxWorks Chart of Accounts - which you will need to take advantage of the new features.

There are two key reasons why you should change:

1. It will save you a lot of work and significantly reduce your data entry

2. It will give you much more detailed and accurate financial statements which will help you make better management decisions

 

There are also two key reasons why your accountant will want you to change:

1. It will reduce errors and mis-postings

2. It will be easier for them to reconcile your accounts

3. They will have much more detailed management accounts which will assist them in providing you better financial advice.

(Last edited at: 2011-07-07 15:02:33)

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