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Why You Should Switch to Digital Bahi Khata?

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A Blog Discussing Why You Should Switch to OkCredit

Gone are those days when small and medium businesses used bahi khata to keep track of their financial statements or bookkeeping ledger. Keeping such a large amount of data in the form of hard copies was a potential risk. The main concern with the traditional bookkeeping ledger is the high possibility of making errors in the accounting statements. The other potential risk is the data could get lost, misplaced, or even stolen.

With digitisation, many traditional practices of keeping entries in ledgers have been replaced with digital apps. Even the traditional method of accounting is now replaced with online ledger books. The digital solutions of accounting have made it easier and fast for accountants to track cash flow statements, profit and loss, draft ledger, etc. Many businesses are making digital platforms a priority. With digital accounting, many digital ledger apps are created for small and medium businesses to help track transactions and statements. OkCredit is a digital khata bahi app for businesses to keep track of credit and debit from their customers. So if you are a business owner and still using the traditional methods of keeping hard copies of your accounts, then here's why you should switch to the OkCredit application:

1. Accounting Made Easy:

It is challenging to draft a report or retrieve any information about the financial transaction using the traditional bahi khata. Even a professional accountant tends to make mistakes while entering the information of financial records manually. Also, retrieving the specific information or summary can be a hectic and time-consuming task. Drafting a trial balance on paper takes a lot of hard work and requires patience to get the right figures. All these calculations can be done easily on the online ledger app with few clicks.

Here’s how the OkCredit application works:

  • The OkCredit application is a digital khata bahi app that uses a centralised system to store your essential documents.
  • The user can access the data easily from anywhere since everything is stored in one place.
  • With a few clicks, you can easily monitor the cash flow reports or check your financial statements.

2. Ease of Accessing Information and Precise Reports:

Retrieving information from accounting papers can get inconvenient for employers. Paper-based accounting is not only tedious but also time-consuming, which can cause unnecessary delays. With the OkCredit application, the process is smooth and easy, here's why:

  • The business with the different departments can access all the information in one place, hassle-free.
  • The digital ledger app generates accurate reports, which help the user in analysing and sorting the data seamlessly.
  • The OkCredit application is easy to access, and the necessary information can be easily found, thus saving time.

3. Improved Speed and Productivity:

Paper-based accounting requires a separate staff to analyse and sort the data. The process of accounting takes resources and affects the productivity of the business. The same task, when done using an OkCredit application, gets done much faster and conveniently.

  • The OkCredit app lets you record the data daily or as per requirement.
  • The employees can analyse the data and make informed decisions by using the app.
  • The staff for accounting can generate the reports efficiently.
  • The OkCredit application is more productive than the manual accounting practices. For example, the staff present for accounting can be utilised for other business works instead of only filing the paperwork.

4. Data Security:

The bahi khata holds importance because it has financial information of the organisation worth a lot of money. The organisation may have an efficient filing system, but one cannot guarantee that the data will not be stolen. You cannot risk losing the financial data of your organisation. With a digital ledger app, the organisation's data is stored in the cloud, which makes it less vulnerable to data theft.

  • The OkCredit application has a provision for backing up your data into the cloud or your local storage system.
  • The backed up data can be easily retrieved anytime, anywhere.

5. Cost-Effective:

The main reason why businesses are switching to digital bahi khata, an online ledger book, is that it is cost-effective. With traditional accounting, your organisation may end up spending more resources than required on drafting and maintaining the accounts. Hiring a professional to manage your accounts could even cost you more.

The OkCredit application is beneficial for the following reasons:

  • It is a cost-effective method to store and maintain your financial records
  • The OkCredit app saves you a considerable amount of resources and time.
  • Since this online ledger is free of cost, it also saves you money and reduces the operating cost of your business.

Bottom Line

After reading the above piece, it is crystal clear why small and medium businesses should switch to an online digital ledger app like the OkCredit application. The digital ledger app is preferred over traditional bahi khata because it is paperless and saves both time and money. It helps you keep the data organised and accessible from anywhere, any time. The OkCredit application also has data backup, ensuring safety and minimising the potential risk of data theft.

The digital accounting solution has proved to be quite effective for many enterprises and is slowly gaining more popularity among businesses. With numerous benefits and time-saving features, it is efficient and convenient to maintain financial records. So what are you waiting for? Go and check out the website OkCredit app and get your online ledger book now!

Also Read:

1) OkCredit: All you need to know about OkCredit & how it works.
2) OkStaff: Benefits, Better Staff Management & More!
3) OkCredit: Simple, Paperless & Secure solution for businesses
4) How Do I Keep Books/Records Intact for a Small Business with OkCredit?

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FAQs

Q. How does the OkCredit app help you retain customers?

Ans. The OkCredit app helps you retain customers, here's why:

  • Financial accounting is streamlined and easy to use
  • With digital data, more employees can attend to customer service instead of managing financial accounts.
  • It is simple and easy to use.

Q. Does transforming to digital solutions improve my business decisions?

Ans. Yes, transforming to digital solutions can improve your business in the following ways:

  • With the OkCredit app, the information can be easily retrieved, which helps in making advanced strategic business decisions.
  • The accounting resources can be utilised in other aspects of the business.

Q. What are the benefits of using the OkCredit app over traditional bahi khata?

Ans. Following are the benefits of using the OkCredit app over traditional bahi khata:

  • Simple and efficient
  • No cost in using the app
  • Saves a lot of time and money
  • Data is accessible anywhere, anytime
  • Increases speed and productivity
  • Ease of maintaining cash flow statement
  • Ensures data safety
  • Provides time data backup to avoid loss of data

Q. Is the data in an OkCredit app accessible anywhere?

Ans. The data stored in the OkCredit app is stored on the cloud, so it is accessible anywhere. Many businesses consider switching to digital bahi khata due to the ease of access to financial information anywhere, anytime. It not only saves time and money but also helps keep the data organised.

Q. How does an OkCredit app help the business in making it cost-effective?

Ans. The OkCredit app helps the business in making it cost-effective by following ways:

  • The OkCredit app is free
  • It helps cut back the expenses of hiring a professional accountant; this money can be used in other aspects of the business.