Virtual Accounting

Cloud-based information can be updated and accessed from any internet-enabled device at anytime, anywhere in the world
No need to store and manage data
Work together with the accountant in real time instead of having to send the accountant the data file each time a new entry is made.
Safe and secure: info stored in the cloud therefore no downtime in the case of theft, fire, natural disaster or data loss.
Only one ledger kept in the cloud, which improves the accuracy of the information and minimises errors.
Low maintenance. Everything is managed by the cloud service provider. Updates are free and automatically implemented.
Multi-user access facilitating online collaboration with your team.
Everything is backed up automatically.

Info works on one computer. Essentially your business is chained to your office computer and office hours
Maintain expensive computer hardware and software
Data bounces from place to place, either via USB drive or email. This is unsecure, unreliable, and inefficient.
Info stored on hardware, susceptible to the elements and human error (water spills, accidental deletion, unsaved work, etc.).
Often multiple versions of the ledger which can create confusion and lead to errors.
High maintenance and costly. Software upgrades, system administration costs and server failures are all things you need to worry about.
User access is restricted to one person. Key personnel are unable to access info when they need to.
Backing up is costly and complicated.