4 Reasons Why Paperless Accounting Helps Your Business
Paperwork, receipts, and filing cabinets, OH MY!
If walking through your office feels like the scene in the Wizard of Oz but instead of deadly animals, it’s stacks upon stacks of paper, it’s time to think about going paperless.
Paperless accounting? No way, not possible.
You may think that there is no way to have a paperless accounting process, but guess what? It’s absolutely possible.
How do we know? Here at Redmond Accounting, we’ve been paperless for almost 15 years.
Going 100% virtual can seem overwhelming at first, but the benefits are unlimited.
It may be hard to see them now because switching to paperless accounting may feel like a daunting task, but the rewards at the end are truly invaluable.
Truth is, you’re most likely doing at least 75% of your accounting online through software like QuickBooks, Bill.com, or Expensify. So why not go a little further and utilize virtual accounting 100%?
We’ve been doing paperless accounting since 2007, so we’ve taken the top benefits of going virtual and laid them out in this article!
Reason 1: Paperless Accounting Cuts the Clutter
Eliminate the stacks of paperwork on your desk and the dozens of filing cabinets filling your office.
By going virtual, you can have instant access to all the information you need 24/7, 365 from anywhere in the world.
Yes, your color-coded and alphabetized filing system might be great, but now you barely need to lift a finger to find that vendor agreement or document from 3 years ago.
Free up space and allow yourself to take advantage of the advanced technology we have at our fingertips!
Reason 2: Save Time
By eliminating the clutter and avoiding searching for a printed document anytime there is a question, you can save time!
Still doing accounting with multiple spreadsheets and a calculator?
Virtual accounting software like QuickBooks does all of that and more with the click of a button.
Stop wasting time on tasks that can take minutes instead of days by utilizing cloud-based bookkeeping and accounting software.
Reason 3: Reduce Error
How many hours have you spent looking for a document, report, or receipt to fix an error and balance your books?
With paperless accounting, you have access to all of that and more.
Virtual accounting software is designed to help you reduce error and ensure accurate accounting by guiding you through the entire process.
If something doesn’t match, the software will alert you and help you fix it. If you aren’t sure how to perform a task in the program, you’ve got endless options online in terms of support.
When you handle your accounting online, the possibilities are endless, and the help is there anytime you need it.
Reason 4: Save MONEY
Who doesn’t want to recuse costs in their business? When you have a chance to cut costs and run your business more efficiently, who wouldn’t want to switch to paperless accounting?
The advanced accounting technology on the market today allows businesses to handle a lot of accounting on their own, but that doesn’t mean that it’s the best use of your time to spend hours and hours navigating through software that you aren’t an expert in.
Did you know that hiring a virtual bookkeeper is more cost-efficient than having an in-house accountant?
Having a virtual bookkeeper also allows you to spend more time focusing on what you do best: Growing your business.
Growing your business means handling more clients and making more money.
Want to go paperless? Let Redmond Accounting Help!
As we said above, we’ve been paperless for 15 years. So we understand the process of transitioning to virtual accounting software and providing helpful tips and tricks to cut down on time and reduce error.
We also have a wealth of resources on our blog page with articles like, How To Undo Reconciliation In QuickBooks Online.
If you’re interested in learning more about what we do and how we can help you with your virtual accounting, schedule a consultation today!
