{"id":179635,"date":"2022-08-16T15:24:14","date_gmt":"2022-08-16T13:24:14","guid":{"rendered":"https:\/\/easy-software.com\/?p=179635"},"modified":"2025-04-29T10:44:52","modified_gmt":"2025-04-29T08:44:52","slug":"digitizing-accounting-seven-steps-to-paper-free-bliss","status":"publish","type":"post","link":"https:\/\/easy-software.com\/en\/newsroom\/digitizing-accounting-seven-steps-to-paper-free-bliss\/","title":{"rendered":"Digitizing accounting \u2013 seven steps to paper-free bliss"},"content":{"rendered":"
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Digital accounting is not just a trendy fad. In fact, it simplifies longstanding analog processes, transforming them with electronic invoices and digital processes. Your employees will love it, and your company will profit as well. But where should you start? This article explains how to digitize your accounting system, discusses the advantages and possible disadvantages of these digital processes, lays out the first steps for making the transition and details the laws and regulations to factor in as you embark on this journey of digital transformation.<\/p>\n\n\n\n

What does \u201cdigitized accounting\u201d really mean?<\/h2>\n\n\n\n

Putting paper-based accounting processes out to pasture and replacing them with paper-free bookkeeping is the goal of digital accounting. In general, this refers to all accounting-related processes. Outgoing and incoming invoices<\/a> as well as the associated upstream and downstream processes should all be implemented digitally.<\/p>\n\n\n\n

Why digitize your accounting?<\/h3>\n\n\n\n

Digital accounting is not an end unto itself. Quite the contrary. Digital accounting processes will make your work more efficient. The goals of your digitization project are increased transparency (\u201cfinding instead of searching!\u201d) and accelerated workflows based on digital process automation. You may think that just sounds like marketing, but it is so much more. For example: In our experience, the time from arrival of an incoming invoice to its booking goes from 26 minutes<\/strong> in a paper-based system to 2 minutes<\/strong> for digital invoices. Actually, that is nothing new. In fact, a 2013 study by BMI, the Goethe University Frankfurt and the Forum for Electronic Invoicing Germany (FeRD) concluded that \u201cthe use of electronic invoice processing<\/a> can lower administrative costs by up to 80%\u201d. Of course, digital accounting has additional aspects that help in other company processes. More on that in a minute.<\/p>\n\n\n

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Free Invoice-Guide<\/p>\n\n\n\n

Do you want to digitalize your invoice management using software? This guide, which includes a practical checklist, will help you find the right solution for your organization.<\/p>\n\n\n\nget your free guide<\/span><\/path><\/svg><\/span><\/a>\n\n<\/div>\n\n\n

Advantages of digital accounting<\/h2>\n\n\n\n

You are no doubt asking yourself the question of why you should switch to digital accounting from your current analog system that works just fine. This thought is understandable. Why change without a reason? We all know the saying: \u201cNever change a running system.\u201d However, digitalizing your accounting will offer you and your employees the following advantages:<\/p>\n\n\n\n