Cloud Accounting has become very popular in the business world and it is no wonder - it can change the way you run your small business. Cloud Accounting is convenient, secure, collaborative, easy, time-saving and cost-effective.
Convenient
Cloud accounting allows you to access your financial information from anywhere using your personal device. Rather than having accounting software loaded onto the one computer in your office, you can now use your laptop, mobile or tablet. This means that you can send an invoice from a work site, see an overview of your business while you wait in line at the grocery store, or see if an invoice has been paid while you’re at the beach. All you need is an internet connection and you’re good to go.
Secure
Cloud accounting is one of the most secure ways to store your financial information, thanks to bank level security. You don’t need to worry about losing everything if your laptop breaks, your mobile is stolen, or there is a fire in your office, because your information is stored elsewhere. You can also control who has access to your information and can quickly disable access if an employee leaves the business.
Collaborative
Instead of only one person having access to your accounting software, multiple users can have access, all accessing the same, real time financial information. This means that you don’t have to send emails with large attachments or load your information on to a USB when you want to share it. Not only is this more secure but it saves a lot of time.
Easy
Cloud accounting makes life easier. The software is simple to use and you have access to a quality customer support service to help you whenever you need it. There are also many add-on applications such as time-tracking that complement the software, so you can tailor the suite of applications to suit your individual business needs.
Time-Saving
Save time by setting up auto email reminders for late invoices, duplicating recurring invoices, attaching photos of your receipts to your transactions, and creating and sending invoices instantly from your personal device.
By having access to a real-time overview of your business, you can make faster, more informed, business decisions.
Cloud accounting reduces the time spent on your bookkeeping so that you can spend more time focusing on the aspects of your business that you enjoy.
Cost-Effective
Cloud accounting automatically updates itself at no extra cost to you. You won’t need to waste time waiting for an update or spend money purchasing the latest version. It is a monthly subscription with a number of packages to suit different needs and budgets so you will be able to find the right package for your business.
Cloud accounting also reduces the amount of paper your business uses which will save you money.