Many of you have probably heard of the term ‘Cloud Accounting’, but might be confused about what it actually is and why everyone seems to be talking about it. Well here we are to provide you all the details as to why Cloud Accounting is becoming the premium way to handle all your accounting affairs.
To understand the benefits of Cloud Accounting, you must first know what it is. Cloud accounting functions like any other accounting software would, but unlike other software functions completely on the internet, consider it strictly online accounting. Cloud stores all you information securely in a server over the Internet instead of the typical business network. But you may still be thinking, why bother making the switching to Cloud accounting when I can just keep using the same software and save myself the trouble of switching accounting software?
Cloud Accounting has a number of benefits over other accounting software’s. Firstly, the internet storage of data allows you 24/7 access to all your financial records, whether you’re on the go or on the couch about to watch another riveting summary of the week’s weather forecast. All you need is a valid internet connection and way you go updating all your financial transactions in real time. YES, I said real time, as Cloud accounting operates solely on the internet, all your records and transactions will be updated instantly as you edit them, no more waiting around for your accurate financial information, allowing quicker and more accurate data to allow you to make that next critical business decision. Give yourself the confidence of having the most up to date figures for your business.
We know the worries that conducting business on the internet can have on people too, but being powered by the most technologically savvy security systems, there is no safer way to conduct your accounting activities then “In the cloud”.
Even if you’re having doubts about joining the new generation of accounting fear not, you can receive a free 30 day trial for accounting in the cloud from various accounting software providers like Xero, and see all the benefits Cloud accounting has to offer for yourself. It’s easy to use, and will save you time & money, as well as adding efficiency and value to our business.
Give yourself the convenience of having all your business financial statements stored in one safe, secure location with Cloud accounting.