A. As well as the lower costs of employing a professional accountant or virtual accounting firm, electronic bookkeeping gives you unique benefits: Accessible – Have access to all essential papers, reports, records and files anywhere and anytime. Paperless – Tired of wading through all the documents and notes and receipts your office consumed? Digital bookkeeping software stores all financial data about your business on a powerful and efficient cloud-based storage network. Safe and Secure – The best online bookkeeping and accounting software has advanced encryption levels, along the lines of security at the bank level.