Benefits of Online Accounting
Maybe you’ve heard someone talking about cloud, paperless or online accounting and you’re wondering why people are moving to it? There are a lot of reasons business owners, bookkeepers and accountants are making this change.
Here are our favourite benefits of moving your accounting online.
It’s secure and easy to recover
Working in the cloud means you’re working on a platform with multiple layers of security. If your phone, tablet or laptop is broken, lost or stolen, all your data is safely backed up in the cloud. No more managing upgrades or backups or sending files back and forth to your accountant.
Streamline your business
Going paperless sounds great doesn’t it? It’s possible (and easy) with cloud technology! Use your phone or tablet to capture your receipts and manage your expenses easily. Say goodbye to pesky piles of paperwork taking up space and your energy.
Run your business on the go
Access your data, financial information, reports and the information you need to make business decisions on the go from anywhere, anytime, on any device. Free yourself from the office and enjoy the freedom to run your business wherever you want to be!
Improve cash flow, get paid faster and grow your business
Cloud accounting technology includes online invoicing which allows you to send invoices to customers quickly and seamlessly and follow them up automatically. Modern accounting platforms help you improve your cash flow and get paid quicker – what’s not to love?
Access real time financial data
Cloud accounting software gets you financial data in real-time. This means you’ll have the information on hand to make informed, quick and accurate business decisions when you need to.
Add more to your software
Once online you’ll have access to hundreds if not thousands of helper apps. Think of online payroll, cash management, job tracking, customer management, and reporting tools. There are also many industry specific apps that have been designed to work with accounting app like QuickBooks and Xero. If you have a pain point, there’s probably an app out there that can help.
Get information how you want it
Don’t like spreadsheets or boring reports? Quickly access reports, dashboards and other information in easy to understand visual formats. If you understand exactly how your business is performing, you’ll be better positioned to run a successful business. How can you make good decisions if you don’t have all the right information?
Collaborate with your accountant, colleagues and partners
Grant your accountant access to your file and you can expect real-time advice as well! Collaborate with your business partners and colleagues by allowing and restricting user access as you need.
We love it!
We love online accounting so much that it’s all we do! Our passion is helping businesses move to the cloud and thrive there.
Connect with us today to see how we can make this happen for your business, too.