The Paperless Chase


Almost 65% of accounting firms believe that paperless processes are critical to their firm’s future success, according to the recent findings of the online 2008 CCH Accounting Trends Survey.

Moreover, 62% of the firms surveyed said their use of paperless solutions will evolve quickly over the next year.

The most commonly used paperless approaches are:

  • Scanning source documents (78%).
  • Storing scanned documents on a network drive (77%)
  • Performing on-screen reviews of tax returns (71%)

The firms surveyed say the top benefits of adopting paperless technologies are:

  • Improving client service (76%)
  • Improving competitiveness (71%)
  • Increasing efficiency (67%)


Source: CCH Group, www.cchgroup.com.

SPONSORED REPORT

How the election may affect taxation of business income

This report summarizes recent proposals to reform the U.S. business income tax system and considers the path to enactment of any such legislation.

VIDEO

How to Excel pivot a general ledger

The general ledger is a vast historical data archive of your company's financial activities, including revenue, expenses, adjustments, and account balances. J. Carlton Collins, CPA, shows how to prepare data for, and mine data with, PivotTables.

QUIZ

Did you follow 2016’s biggest accounting news?

CPAs will remember 2016 as a year of new standards and new faces. How well did you follow the biggest accounting events? The 7 questions in this quiz will help you find out