Are you juggling your law firm’s bookkeeping in addition to your core job responsibilities? Many lawyers are in this position, and it can quickly become a struggle to keep operations running smoothly while staying focused on serving your clients. Maybe you’re already there, thinking something needs to change — and fast. Or maybe you’ve got it under control… but it does seem like a breaking point is on the horizon. Either way, you’re not alone.
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When we meet with potential clients, we often hear the same questions time and again. In addition to questions about data security and the process of remote bookkeeping, we’re often asked about the differences between remote, outsourced, virtual, and offsite bookkeeping. However, the truth is that each of these terms mean essentially the same thing in most cases — that a third party is handling your bookkeeping at a location other than your company’s office.
Traditionally, most businesses used an in-house bookkeeper, however, thanks to advances in technology, the traditional choice may no longer be the best choice for every business. Remote bookkeepers are reliable and widely available, and the technology they use is secure.
In a previous post, we shared some information about cloud-based accounting, what it is, and its growing usage. Because at KYB we experience first-hand the advantages it offers, we’d like to also share some of the specific benefits businesses can expect when using cloud-based accounting.
The changes that technology has brought to business are pervasive, affecting aspects from how you communicate with vendors, to how customers can pay for goods and services. Technology has also enabled a new way for business owners to handle their accounting: in the cloud.