cloud-based accounting

Cloud-Based Accounting Benefits

Is it time to investigate a cloud-based accounting solution? What is “the cloud” anyway? Why would you want to take your business accounting to the cloud?

First, understand exactly what cloud-based accounting is. Cloud-based accounting solutions utilize a subscription model in exchange for hosting your accounting. One advantage of this is you can access your books whenever and wherever you want.

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No matter what business you are running, chances are you’d rather be doing what you love instead of managing your books.

Desktop Application vs. Cloud-Based Accounting

When using a piece of software for desktop, you are responsible for that machine. You need to make sure you have your information secure from viruses and hackers. You will also need to keep backups of the system to be sure you don’t lose your valuable data.

When moving to a cloud-based accounting solution, you’re no longer responsible for everything in the system. You don’t need to worry about the condition of your computers or keeping them secure. A quality cloud-based accounting provider will be using state of the art security tools and have teams at their disposal to keep things running smoothly.

Get Your Information Fast

Every small business owner has been in this situation. It’s after hours, and you get a call from a vendor or distributor. They would like to know why a particular invoice hasn’t been paid or would like to verify some information with you.

If you’re still at the office, maybe you can access this information. What if you’re at home? What if it’s locked up in your accountant’s computer back at the office? You might not be able to get to it.

If you’re using cloud-based accounting, however, it’s incredibly easy to look up anything you’d need on your laptop or even your phone.

The Remote Workforce

The businesses of today usually have at least a couple team-members who don’t work from the office. With cloud-based accounting, you can give access to everyone that needs it.

If you have some employees that work remotely, this means they can get access to what they need when they need it.

Combine Other Apps

Your cloud-based accounting software is just one piece of software of which you’ll have access. Another significant advantage of cloud-based software is the ability to integrate with other programs.

Cloud-based solutions make it very easy to extract or use information for use in other tools.

Professional Accountants

There are several services (like Easier Accounting!) that combine cloud-based accounting programs with professional accountants.

This solution gives you the best of both worlds. Not only do you receive all the benefits of cloud-based software but now you can have real accountants in control of your books.

Hiring an in-house accountant can be incredibly expensive. Most services that include professional bookkeepers come in at a small fraction of the cost of going completely in-house. Cloud-based accounting is a great way to save your company a lot of money.

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