Technology has a habit of altering industries and accounting is
no exception. With more and more people being able to access the
internet on the go, this has led to cloud software becoming increasingly
important. Accountants have taken advantage of this and created
programs so that their clients are able to do all of their accounts from
home and online. This has meant online accountants are becoming
increasingly popular and traditional firms are starting to feel the
heat. The question is, is it worth going online?
One of the top advantages of going online is that of speed. By using software you can access your accounts whenever and wherever you like. All you have to do is log on and all the information will be right there. In comparison, it can take ages for traditional firms to get back to you. They will often have many clients and so it can take time for them to get around to your request. Using cloud software eliminates this problem. You'll also find that calling up an online accountant with a quick tax question will be much easier too.
You can also update your accounts instantly. All you need is an internet connection and you're sorted. You can even get mobile apps that can scan your receipts and upload them instantly to your accounts. This doesn't just lower the time it takes to do you accounting, but it helps you keep them accurate as well. No more will you have to keep a pile of receipts in your back pocket over a weekend or in a desk before your next visit to your accountancy firm. Now, you just upload them straight away and you don't have to worry about losing them.
Using accounting software also returns a lot of the control back to you and therefore makes you accounts much clearer to you. The clearer idea you have off your monetary situation the better as it will help you make proper business decisions. Just because you have an accountant doesn't mean you can't make bad decisions in regards to your cash. The more information you have the better choices you'll be able to make.
You still of course get an accountant as well with firms who offer both the software and accountancy help. This means you aren't going to end up being thrown in the deep end and have to do everything yourself. You'll still get all the advice you need and plenty of reminders to make sure you don't miss any deadlines.
With online accounting you get the best of both worlds. Control, speed and expert information. On top of that, online accountancy firms are often a lot cheaper than the traditional ones. It really makes a lot of sense to go online and, as firms move towards the web, you can see even the old guard know it's the right idea.
One of the top advantages of going online is that of speed. By using software you can access your accounts whenever and wherever you like. All you have to do is log on and all the information will be right there. In comparison, it can take ages for traditional firms to get back to you. They will often have many clients and so it can take time for them to get around to your request. Using cloud software eliminates this problem. You'll also find that calling up an online accountant with a quick tax question will be much easier too.
You can also update your accounts instantly. All you need is an internet connection and you're sorted. You can even get mobile apps that can scan your receipts and upload them instantly to your accounts. This doesn't just lower the time it takes to do you accounting, but it helps you keep them accurate as well. No more will you have to keep a pile of receipts in your back pocket over a weekend or in a desk before your next visit to your accountancy firm. Now, you just upload them straight away and you don't have to worry about losing them.
Using accounting software also returns a lot of the control back to you and therefore makes you accounts much clearer to you. The clearer idea you have off your monetary situation the better as it will help you make proper business decisions. Just because you have an accountant doesn't mean you can't make bad decisions in regards to your cash. The more information you have the better choices you'll be able to make.
You still of course get an accountant as well with firms who offer both the software and accountancy help. This means you aren't going to end up being thrown in the deep end and have to do everything yourself. You'll still get all the advice you need and plenty of reminders to make sure you don't miss any deadlines.
With online accounting you get the best of both worlds. Control, speed and expert information. On top of that, online accountancy firms are often a lot cheaper than the traditional ones. It really makes a lot of sense to go online and, as firms move towards the web, you can see even the old guard know it's the right idea.
Joshua Danton Boyd is copywriter for the online accounting firm Crunch.
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