Collaborative Accounting allows you and others work together online in real time.

In today’s mobile world, this brings a lot of convenience.

With eFolio Accounts all of your invited users have secure access to the latest version of your financial data. You never need to worry about installing software or files getting corrupted and being out-of-date.

Collaborative accounting solutions like efolioaccounts.com allow clients and their external accountants to work together in real-time, even though they are not located in the same office or connected to the same server.
From time to time clients supply source documents or send in files for the Accountant to process and only some time later will the two meet to discuss the results.

Accountants working with a variety of small business clients find it difficult to make the exercise profitable when they have to travel to client offices to do the work or pick up and deliver files and paperwork.

Using collaborative accounting clients supply documents or send in files for the accountant to process and only some time later will the two meet to discuss the results.
Accountants can also control the quality of data by checking that clients are correctly posting data to the right codes and using the software features correctly.

Benefits of Collaborative Accounting

The direct integration streamlines processes, and minimises direct client queries, creating a far more efficient and cost-effective accounts production process.

Like all new technologies, online accounting creates opportunities as well as challenges, however the benefits are clear:

1. Real-time information and reporting.
2. Up-to-date information.
3. Reduced costs.
4. Enhanced accounting functionality.
5. Increased security.

Collaborative accounting for the end user offers:

1. Simplicity and ease of use
2. Combined with 24/7 access to your financial data
3. Reduced administration and IT
4. Genuine scalability and low start-up costs

With real-time access to information, there are no delays in accounts production, ensuring deadlines are well managed. Only through online accounting can clients and their Accountants work in parallel on the same real-time financial and business data to help informed decision making on a day to day basis.