Are They Serious About Paperless Accounting?

Brigante, Cameron, Watters & Strong, LLP
By John Cameron, Managing Partner
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Q: So far, paperless accounting seems to be great for the accounting firm. What’s it do for the firm’s clients?
Cameron: The first advantage it delivers is cost control in the audit and tax processes. The more efficient we are, the better we can control our costs and the fees we charge our clients.

There are tremendous conveniences for the client, too. For example, when a businessperson goes into a bank or auto dealership to buy a new car, he or she may be asked for several years’ tax returns. The same is true in the purchase of business equipment or real estate. When the client has authorized us to do so, we can transmit the returns directly to the lender, dealer or escrow office.

Or, the client might use his or her security code to access the returns and provide them directly. The same is true of financial statements, which often are requested by lenders. And all this can be done even when the accountant’s office is closed; the client has 24/7 access by means of security codes.

Q: Speaking of codes, how secure is the system?
Cameron: Everything is encrypted. Your file is available to you alone, provided you protect the passcode.

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