A report from cloud-based accounting software-provider, Xero, has found that 10% of small businesses still use paper ledgers; of greater concern, I would say, is the finding that 18% of accountancy firms are not yet using electronic accounting software! As this article says, "There is a high expectation from small business owners for accountants to be up-to-date with modern technology, as technology is engrained in their own business management."
I am pleased to say that Creaseys most definitely is not one of those firms in the 18% which is still using paper!
Despite only six per cent of SMEs thinking it’s not important that their financial advisor uses the latest accounting technology, a fifth of accountants are still using paper ledgers – a 13th century tool.
http://smallbusiness.co.uk/financial-advisor-leave-dark-ages-2541017/
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