WHY SWITCH FROM IN-HOUSE?
It can seem a good idea to keep all your accounting in-house. Your team obviously knows your business, you’ve chosen your accounting software and you feel your data is secure. But how well does this arrangement actually work for you?
Inputting data is time-consuming and error-prone, and it’s difficult to share the information and keep everyone up to date if you have to transfer financial data via flash drives, which also make it vulnerable. Your team and the hardware required to handle all your accounting data (plus the associated maintenance) are a substantial expense. When your software and licences need updating or renewing, that’s another distraction and more outlay.
This is when managing your finances virtually looks much more logical.