The words "cloud" and "virtual" have become buzzwords, and more and more bookkeeping professionals have been looking to use technology as a way to make their firms more effective, and to get ahead of their competition.
It is clear that the industry is turning online to give bookkeepers and accountants a tool that helps them to change the way they do business, and to help them streamline their bookkeeping and accounting process while offering clients a unique selling point (USP). This means bookkeepers and accountants can work from anywhere, their office, from home, or even on "vacation". When combined with document management applications, users not only have their accounting file at the tip of the fingers, they also have all the necessary documents ready to be processed.
"INNOVATION DISTINGUISHES BETWEEN A LEADER AND A FOLLOWER." - Steve Jobs
Although accounting principles differ across parts of the globe, bookkeeping, at its most basic level, is considered a universal language and holds similar ideologies no matter where the client is based. With the said, bookkeepers have unique opportunity to capture a much large audience by understanding these cloud-based tools. The ability to have a client's accounting file and documents at the tip of you fingers not only allows to work on their terms, it also allows bookkeepers and accountants to work with clients who historically would be out of the geographical reach.
The use of cloud accounting applications also gives bookkeepers and accountants the opportunity to share access with clients who live in other regions, allows for them to help them some of the more administrative tasks, print out reports, and view their financial data in real time.