Transitioning to the cloud accounting – Why?

With the emergence of technology that is now both in our mobile devices and our desktop computer and everything else in-between, new trends are now changing the ways that business is being done.

In fact, now it is possible to run your entire business from your home, or wherever you decide that you want to be on any given day, in real time. Such a possibility seemed impossible 4 or 5 years ago, but now it is a very real possibility.

Almost every aspect of business has been improved in some way by technology. Everything from communication, sales, inventory and even manufacturing of product and so on can now be done better than ever before.

One of the trouble areas in business has always been with accounting. But now with cloud accounting even this aspect of business has been greatly improved through new and updated applications that facilitate recording sales, purchases,             inventory and so on.

What about your business? How is your accounting being done, and what can you do to improve it?

Cloud Accounting – 4 Reasons you need to implement it

With popular programs such as Quickbooks Online or Xero, it is easier than ever to now migrate your accounting to the cloud.

Here are a few practical reasons why it is advantageous to implement cloud accounting in your business:

• You’re up to date

Technology is susceptible to becoming outdated within a relatively short timeframe. What I mean by this is that if you’re not up to date with the software that your business runs on then the software that you are using may quickly become obsolete.

With cloud accounting you don’t have to worry about that. This is because cloud accounting software is constantly being maintained and updated by its developers. Due to this many accounting software systems utilize a subscription based service, either monthly or annually. At the end, for less that what you spend on coffee you can have an up to date, fast and reliable accounting platform for your business to run on.

• Real time information

We all want to be in the know and with cloud accounting you can do just that. Since cloud accounting is 100% online, this means that you can receive information as they happen and not just when your accountant sends you your financial statements.

• Accurate

When your accounting is done in the cloud, because of the different functionalities that many of these systems now have, a lot of what used to be done and was prone to error is now automatized. Case in point, various cloud accounting software, such as Zero, permits integration with not only bank accounts, but sales too! To reconcile bank accounts or complete daily sales figures is not only tedious work, but it is prone to errors.

• Available anywhere and everywhere

With cloud account you can take your business with you on the go. Now your accounting software isn’t only on your desktop, but can be on any desktop that you log into. The same is with your laptop, tablet or even your mobile phone. Wherever you are and with whatever device you are using you can now see realtime information on what is going on with your business.

Without a doubt, cloud accounting has opened up numerous possibilities and is definitely a well welcomed change to how accounting used to be done. And with all the different software it is simply a question of seeing which one you are most comfortable with and has the features that you need.

If you are interested in knowing more about cloud accounting and how your business can move to such a platform, feel free to contact us HERE to find out more. Not only can we assist you in transitioning to a new platform, but we can also guide you in choosing the best one for you.