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

Revenue recognition: A complex effort

Implementing the new standard requires careful judgment. Learn how to make significant accounting judgments and document them and collaborate with peers for consistent application.

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

News quiz: Taking an economic snapshot and looking to the future

Recent news included IRS actions that affect individuals and partnerships and a possibly influential move by a Big Four accounting firm.Take this short quiz to see how much you know about the news.