Virtual Accounting Offers Benefits to Businesses

Author: Keith Huggett

Cloud-based accounting -- web-based, or virtual bookkeeping -- can save you both time and money. But for many companies, it’s the cloud’s ability to facilitate both internal and external collaboration that makes it such a game-changer. It creates a constant connection to your CPA firm, whose expert staff can help you with far more than taxes.

This online bridge that cloud-based accounting offers has many practical advantages, including:

• Individuals can access financial information when they need it, without having to interrupt someone else to provide it.
• Your accounting and finance staff can work directly with us at The Tax Office without leaving your building, because data can be shared instantly via the Internet. Multiple users can access data anytime, from anywhere. We can also jointly review documents via webconferencing.
• You can work more efficiently, eliminating the cost and time associated with mail deliveries or cumbersome document file transfers. Even the largest files can be shared.
• You can easily outsource accounting-related tasks, because we can immediately capture the information needed to do the work, without interrupting your staff or waiting for documents to be delivered.
• By working with you year 'round, we get to know you and your business better and can provide more strategic advice and services to help you grow and thrive.

All in all, says accounting industry expert Rick Telberg, fewer interruptions mean faster access. Everyone can concentrate on doing their most germane work, rather than wasting time moving files around or performing other unnecessary support tasks. This collaboration will enhance our working relationship and improve the quality of our work together.

Cloud-based accounting is changing the accounting industry so significantly that the American Institute of Certified Professional Accountants (AICPA) has framed its own future vision around the need to establish cloud-based working relationships between CPA firms and their clients.

Contact us to learn how our professional staff at The Tax Office can help build your business through cloud-based accounting. We're experts at both accounting and technology, and we can help ease you into the future of business management.