According to a 2016 Wells Fargo survey, cheques are still widely used by at least 90% of small businesses in the US, and only 30% of small to midsize companies make payments via a mobile POS, such as PayPal. However, times are changing now, and if you work with any bookkeeping outsourcing company, they’ll vouch for the cloud. A FloQast study states that accounting professionals see benefits from the cloud, with 89% of them integrating applications for data entry automation. 74% of them believe less paper is much easier to manage now. It is accurate bookkeeping in the cloud has enabled the accounting industry to function even more efficiently. As of 2019, the shift is happening at a much faster rate. We have proof. Check out the infographic shared below: Are you looking to get in touch with a bookkeeping outsourcing company? Write to us at [email protected] or call us on 1-800-310-9312 and a member of our staff will contact you at the earliest. VISHAL KURANI Bringing forth rich marketing experience in the accounting industry, Vishal blends his wealth of knowledge and creativity to educate accountants about the pressing industry issues. He is passionate about marketing and helps accountants scale their practice through his detailed write-ups. Unauthorized copying or plagiarism of our content is a violation of intellectual property rights. We take such matters seriously and will pursue legal action to protect our original work. Anyone found engaging in such activities will be held accountable under applicable laws. Originally published Jan 22, 2019 02:01:29, updated Jul 25 2024 Topics: Don't forget to share this post! Most Popular The Future of Audit: Trends and Innovations for 2024 and Beyond Audit | 14 MIN READ Internal Audit Vs. External Audit: Key Differences You Must Know Audit | 6 MIN READ Why CPAs and Firms Are Choosing India for Outsourcing Accounting & Bookkeeping | 7 MIN READ How Can CPAs Outsource Accounting? – Outsourced Accounting Services for Greenhorns Accounting & Bookkeeping | 5 MIN READ Outsourcing Audit Support Services – How Does It Work? Audit | 8 MIN READ Get a Free Strategy to Transform Your Business Operations Resolve the talent gaps, reduce costs, and improve your margins Get a Free Consultation
