LHM: THE FIRM
One of the most significant benefits of digitising how accountants and clients work together is the elimination of papers that until now have winged their way back and forth between the two parties. As digitisation progresses, many of the questions and much of the editing required for incomplete documents become increasingly unnecessary.
Clients use digital tools to prepare their bookkeeping records, which they then send to the accountants in an electronic form. Special scanners are typically used to convert documents. Data collection is made even easier by a number of scanning apps. The data is stored in the secure DATEV cloud, which gives both the client and the firm permanent access to the bookkeeping information.
All records that are relevant to financial statements can therefore be processed continuously.
How digitisation benefits accountancy
This bookkeeping method enables clear determination of a company’s economic performance. Digital bookkeeping delivers all of the necessary information in real time.
Digital, real-time results
Archiving and storage of data
Digitisation is a significant blessing in one not insignificant area of archiving especially. After all, it is expensive to keep all records in hard copy. Besides the cost of archive space, filing records in paper form will also require a person in charge of their storage and management.
This alone makes the process of keeping digital records in an (online) archive that complies with the data protection laws so attractive. Documents can be accessed almost instantaneously, and laborious searches are unnecessary. Tax authorities and auditors accept (and in our experience even prefer) relevant documents in an electronic form.
Switching to digital bookkeeping
We have already accompanied numerous clients during their switch to digital bookkeeping and would gladly place our experience at your disposal. Just contact us!