When talking with business owners about cloud accounting packages, we often get questions like
“what’s the cloud?” and “is it safe?”
So WHAT is the cloud
It simply means, rather than having your software and accounting data on your desktop it is accessed via the Internet and the data is stored in a secure data centre. You access the cloud provider and data file via a username and password.
I know what you are thinking: “What’s the big deal?”
Benefits of cloud accounting
No more software upgrades – ever. As the software is hosted in the cloud, you are always on the latest version.
Your cloud accounting file is linked with your business bank account and your daily bank transactions are automatically imported into your accounting file. This dramatically reduces manual processing time freeing you up to focus on better things.
Access of your accounting data anywhere
You can access your accounting data file via the Internet from any web-enabled device, including iPads and smart phones. This allows you to monitor how your business is going from anywhere in the world where you have internet access.
Real-time management reporting
If you provide your accountant with access to your data file in the cloud, real-time data analysis allows for more timely and accurate tax planning and cash flow advice.
If you would like to know more about how cloud accounting can free you up by helping your business to become more efficient – come in for a chat.