If you want your business to work smarter and faster, cloud accounting software could be a wise investment. Here a just a few of it’s potential benefits:
Ease of access:
Undoubtedly ease of access is the prime advantage of cloud accounting. Online accounting means just that – it is online so can be accessed at anytime, on any device, anywhere with an internet connection.
Saves you time:
Because of it’s ease of access, you don’t need to be tied to the office. You can update or view your accounts over breakfast, or on your daily commute on the train. You can be confident that you have an up-to-date picture of how your business is doing, no matter where you are.
Security:
Being in the cloud means all of your information is safely and securely stored off site so business productivity doesn’t need to be affected and there’s no downtime if there is natural disaster, or if your laptop is stolen. No one can access your data unless they have a login to the online account and no confidential financial information is stored on your hard drive.
You might be concerned about a cloud service provider storing your data. But the cloud has inbuilt security features that include firewalls, data encryption, multi-factor authentication and virus detection, all designed to keep your data secure.
Easy to keep up to date:
Because everything is run online, so there’s nothing to install on your computer and everything is backed up automatically. Updates are instantly available, so no worrying about having an old version of software.
Collaboration:
You can setup permissions in the software to allow other team members, or your bookkeeper/accountant, to view or edit your businesses information.
So whether you currently use spreadsheets or a traditional desktop solution, cloud based accountancy software could help free up your time and give you access to financial insights which could help keep your business on track.
At Hitchinbookkeeper.com we are a certified Quickbooks certified Proadvisor, so if you want advise a chat about your bookkeeping options including upgrading to a cloud based accountancy package, then just give us a call.
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