Even in the 21st century, a small business may be able to keep most of its records on paper. Given the growing amount of data hacked from major companies, paper might even seem more secure. There are genuine advantages to turning files into digital data, though. With sensible precautions, you can minimize the potential downsides.
The Benefits of Going Digital
If you don’t want to devote space to file cabinets, electronic storage offers a good alternative. Your laptop or desktop computer can record your business transactions, send and store invoices, and keep your financial records without taking up any added space. It can do your bookkeeping for you, adding up expenses and income.
GetBusy PLC (LON:GETB) Virtual Cabinet document management software is used by 27% of the largest Accounting firms in the United Kingdom, and is taking off in Australia.