Five ways cloud accounting could boost your business
Cloud accounting is simple, fast, and efficient. So why are business owners hesitant to make the switch?
It could be down to common misconceptions about cost, security or ease of use.
Here we dispel those misconceptions and explore five ways cloud accounting could boost your business and help you leave your competitors behind.
- Real time data
Why spend hours a day transcribing data from notepads, receipts, and bank statements when cloud accounting software can do it all for you? Solutions such as Xero automatically grab data from your sales software or banking provider, leaving you with more time to run your business.
Most cloud accounting software supports multi-user access, meaning anyone you choose – both internally and externally – can access your financial data and collaborate online. And because data is synchronised and updated in real-time, everyone will be working from the same page – literally.
Contrary to popular opinion, the cloud may be the safest place to store your data. Most solutions boast two-way encryption and two-factor authentication, making it almost impossible for fraudsters to force their way in.
Cloud accounting software scales to your company, meaning you never pay for more than you need. Most solutions are also sold as a monthly subscription, so you can opt-out at any time. Cloud accounting also saves users thousands of hours each year by automating administration.
From sales and stock-taking software to payroll and payment solutions, cloud accounting integrates seamlessly with thousands of third-party applications. Users can also access cloud accounting software from a variety of devices, including smart phones, tablets, and desktop computers, from anywhere in the world – all you need is an internet or data connection.
Make the switch today
For help making the switch to cloud accounting, get in touch with our expert team today.