Cloud-based accounting software now offers all the functionality and reliability of your tried and trusted desktop accounting system, but with additional benefits that only online technology can deliver.
If your business is looking for a more effective way to manage its financial affairs, here are six reasons for seriously considering a move to cloud accounting.
Anytime Mobile Access
With cloud accounting, you can access and review your transactions and up to date financial figures at anytime, from anywhere.
With desktop-based systems, you are tied to the office. All information and data is only accessible on a local computer.
Cloud-based accounting is accessible anywhere you have access to Wi-Fi or Internet. Nothing to download, you just log in and work from a web browser.
Your data and records are all safely encrypted and stored on a cloud server allowing you to check information in real time, wherever you are.
Save Time & Reduce Costs
Online accounting is hosted entirely in the cloud. There is no costly IT infrastructure for you to maintain and you can access the software whether you are in the office, working from your kitchen table or out at a customer meeting.
No need to wait until you are back at the office to approve payments or send out invoices to customers.
Always Backed Up and Secure
Cloud-based accounting records are all stored, saved, and backed up with unparallel levels of secure encryption.
There is no need to back-up your work at the end of each day and keeping software up to date is automatic.
In the cloud you are always logged in to the most up-to-date version of the software, with all the latest functions, tax rates and necessary returns.
Businesses often struggle to keep their data secure, as daily monitoring for security threats requires IT support or programs and can be costly to maintain. With cloud accounting your data and information is encrypted at source and high-level security protocols are maintained.
The only people who can access your confidential information is you, plus selected members of your team and advisers.
Share and Collaborate
Working with colleagues, and sharing data with your advisers, is easier when you’re data is stored in the cloud.
No more emailing data files to the accountant or logging in and out so other people could access information.
With online accounting you, your colleagues, management team and specific advisers can all access the same numbers – instantly, from any geographical location.
Reduce Paperwork
Looking to create a “paperless office”? With an online accounting system, you can significantly reduce the amount of printed materials. Invoices can be emailed directly to clients, payment receipts and bills can be scanned and saved directly in the associated transaction in your accounting software.
All documents are digitised and stored in the cloud, there is no need to keep the paper originals – saving on filing space and storage costs.
Financial Processes are Automated
Online accounting software can greatly improve your day to day financial processes by eliminating the majority of manual transactions through automation, providing real time data.
Bank transactions are automatically imported, invoices are recorded, and payments are captured automatically.
Online accounting provides a snapshot of the financial position of your business at anytime, anywhere!
