Entrepreneurs: opt for online accounting!

Online accounting: why are more and more entrepreneurs taking the plunge?

Over the past few years, we've been hearing a lot about the digitalization of professions!
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It can be applied to all areas of business, saving time and money by automating increasingly complex tasks.

This digitalization of processes has not escaped the attention of specialists in the accounting sector.

Indeed, many firms have decided to revolutionize their work processes by digitizing their offerings.

Today, more and more entrepreneurs are turning to online accounting firms or accounting management software.

But why all the hype?

Dossier: online accounting for entrepreneurs

What's the difference between an online accountant and accounting software?

Online accounting software has been around for over 10 years. They enable entrepreneurs to handle their own accounting (data entry, balance sheet, etc.) automatically.

However, this does not usually provide them with sound advice on their company's situation.

To receive more precise advice and monitoring of their accounting, entrepreneurs turn to an online accountant.

Indeed, chartered accountants have a role to play in advising companies. But this does not stop at accounting.

The firms can provide administrative and technical services in the fields of legal, social, strategy and taxation.

And since the Macron Law of 2015, interprofessional gateways have enabled synergies between chartered accountants, lawyers and strategy consultants

Online tools (personal space, blog, invoicing tools, etc.) are also made available to entrepreneurs. This gives them full visibility of their accounts at a glance.

The importance of choosing a humane online practice

The term "human digital cabinet" may seem totally contradictory.

And yet, digital and human can go hand in hand. This is what we call "phygital".

Indeed, to choose a good online accounting firm, these two conditions must be met.

By automating time-consuming tasks such as data entry, document control and archiving, the digital chartered accountant can devote more time to his or her clients' needs.

Indeed, remote exchanges, although dematerialized, remain the basis of the relationship between customer and service provider.

The expert must be reachable by e-mail, telephone, videoconference or communication platform via the customer's online space.

No need to prepare your questions a month in advance and make an appointment with your chartered accountant in his or her office.

Thanks to our online solutions, your questions will be answered within 48 hours.

Finally, some firms offer consulting packages combining accounting, law and strategy.

This is particularly true of online accountancy firm WITY, which has taken full advantage of the Macron Law to become a multi-sector firm.

With your online space, keep track of your business, everywhere, all the time

Thanks to online tools, entrepreneurs can track all their company's activity in just a few clicks.

In fact, in today's customer areas, entrepreneurs have access to graphs and tables presenting their business accounts.

They can easily track account movements, categorize them and attach invoices and other accounting documents in total security.

The simplicity of these tools is a real time-saver for entrepreneurs

Documents are filed in record time and entered directly into the accounting system.

Entrepreneurs can then make quick decisions, based on a real vision of their accounting situation.

What about document and personal data security?

Using an online firm doesn't mean you shouldn't pay attention to paper documents.

However, if the entrepreneur places his documents on his personal space when he sets up his business or joins the firm, all his data and documents will be stored online.

The contractor will lose nothing and will be able to find a specific document very easily.

What's more, online accountancy firms guarantee data security on their platforms, thanks to data encryption.

However, on the Internet, it is not uncommon to find service providers who illegally offer accountancy services without the necessary diploma and without being registered with the Order of Chartered Accountants.

The entrepreneur must find out whether the firm is registered with the Ordre des experts-comptables.

Don't forget: by being registered with the Ordre des experts-comptables, the online firm is bound by professional secrecy and the same obligations as traditional accounting firms.

Time-saving, process simplification, responsiveness, data security and ease of exchange with your accountant are just some of the reasons why entrepreneurs are attracted to online accounting.

It is possible to add the low cost, but this will depend on the level of complexity of the contractor's accounting.

It's important to remember that the chartered accountant is a specialist and doesn't just do data entry.

The latter can be considered the company's "doctor".

Lastly, he is personally liable when he signs a company's annual financial statements.

If it saves you time so that you can devote more time to your business, and if it can listen and advise, then what price are you prepared to pay?

Written by our expert La Rédaction
June 18, 2018
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