Starting a new business? Get 40% off our accountancy services for 3 months! 😀

x

Accountancy firms can be found on high streets all over the country. Thanks to the internet age that we live in though, there’s a new breed of online accountant. They provide the same services and functions as their local counterparts, so what’s the difference?

 

 

Doing the same thing, differently

A good accountancy firm, even if they operate digitally, will assign you your own dedicated accountant. That person provides the same services you might find locally. The key difference is that rather than face-to-face meetings, everything can be done online or over the phone.

Communicating with your client

Though a local high street accountant has a physical office for visitors, most of their business these days also happens through emails, calls, and good old post. Their communication methods take place in much the same way as an online-based accountancy.

An online accountant also has processes set up for video calls and instant messaging too (though we do draw the line at carrier pigeons. Probably). But, all this technology shouldn’t mean that you can’t see your accountant face-to-face if you need or want to. Here at TAP, even though we operate online, clients can visit us at our offices, too.

A portable accounting service

These online capabilities don’t just enable a business more choice to shop around for accountancy services, or to store their records safely. Those services can be used anywhere that the business goes.

An online accountancy practice has the infrastructure in place to support clients no matter where they are. So, if your business or life takes you away from your usual stomping ground, your accountant is still right where you need them.

Part of this infrastructure might include cloud-based accounting software for clients to maintain their bookkeeping records easily.

Read our article about good questions to ask an accountant to help you understand their services.

 

free Pandle bookeeping software

Online accountancy tends to cost less

With the internet being everywhere, online accountants are also highly accessible. For clients this opens up a new world of shopping around for the best services, and at the best prices.

The local accountant, with expensive overheads to pay for, struggles to compete on price with an equally qualified, experienced and professional accountant online.

Operating a practice online and using technology to help clients means that online firms don’t need the prime town-centre location. It’s reflected in the price.

This is good news for a business that’s growing quickly, too. The services (and therefore pricing structure) offered by an online accountant are much more scalable.

Secure record keeping

Record keeping is a crucial part of accountancy and running a business, and data often needs to be stored for several years.

All those records, over multiple years and for multiple clients, need to kept somewhere. For an online accountant this is a straightforward case of using highly secure servers to keep that data safe.

Local accountants tend to use physical copies though, which take up more room, and are more susceptible to damage. They often need to rely on external storage facilities which are off-site.

As a result, accessing older records takes more effort, and more time – incurring higher charges. With an online accountant, older documents are available with a couple of mouse clicks. (And as a bonus, it also means there’s much less risk of documents being lost, too!)

Talk to one of the team about our online accountancy services. Get an instant quote online, or call 020 3355 4047, or book a call when it’s convenient for you.

About The Author

Elizabeth Hughes

A content writer specialising in business, finance, software, and beyond. I'm a wordsmith with a penchant for puns and making complex subjects accessible. Learn more about Elizabeth.

More posts by this author
guest
1 Comment
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Liam Yapp
Liam Yapp
17th August 2020 2:17 pm

Now I understand, thanks!

Read more posts...

Umbrella Companies for Self-Employed Contractors

When you set up in business as a contractor you might either work as a sole trader or as a limited company….

Read More

Get Ready for Small Business Saturday UK 2022

Small Business Saturday started in the US in 2010, on the first Saturday following Thanksgiving. It aims to encourage shoppers to consider…

Read More

Architects and Tax

Architecture is a highly diverse sector when it comes to tax. It’s partly down to the type of businesses that carry out…

Read More
Back to Blog...

Confirm Transactions

The number of monthly transactions you have entered based on your turnover seem high. A transaction is one bookkeeping entry such as a sale, purchase, payment or receipt. Are you sure this is correct?

Yes, submit my quote
No, let me change it

Please contact our sales team if you’re unsure

VAT Returns

It is unlikely you will need this service, unless you are voluntarily registered for VAT.

Are you sure this is correct?

Yes, the business is VAT registered
No, let me change it

Call us on 020 3355 4047 if you’re not sure.

Bookkeeping

You only need this service if you want us to complete the bookkeeping on your behalf.

Would you prefer to complete your own bookkeeping?

Yes
No

Call us on 020 3355 4047 if you’re not sure.