What is Online Accounting/Cloud Accounting?
Whether you’re a startup, sole operator or an established company, online accounting has the potential to transform your business.
Online Accounting brings all your financials together in one place and makes them available to you and your accountant or bookkeeper – anytime, anywhere, 24/7 and on any internet-connected device, meaning you are no longer tied to your desk or the office.
With cloud software your data is hosted on remote servers, where it is secure and automatically backed up. Your software is also continuously updated with improvements and fixes instantly with no need for time-intensive manual updates or costly upgrades.
What can Online Accounting do for me?
In the cloud world, many of the business processes like invoicing, tracking bills, expenses and assets, account reconciliation, payroll and even tax returns are much more automated and can be handled within the one program. The ease of use cloud accounting offers will save you
time – and therefore money – that’s much better spent on business expansion or simply enjoying a better work/life balance.
Cloud accounting programs also allow you to quickly create reports that can help you identify trends or potential pain points, giving you important business insights that empower you to take control of your finances and improve your operations.
When you store and work on your accounts in the cloud, you can integrate your financial management system with a range of other business ‘add-ons’ or apps to transform the way you work and get more out of your data, helping take your business to the next level.
How safe is my data?
Cloud is one of the most secure ways to store data. There’s no loss of productivity if a natural disaster like fire or flood affects your office. As long as you have an internet connection, you can still access all your information.
Reputable cloud-based software companies have stringent security and privacy policies to protect customer data. Their physical and cryptographic security levels are far higher than a sole operator or small business would ever have.
Are You Convinced?
Contact us at +6590098289 or firstname.lastname@example.org to speak with our Advisors to help you set up a non-obligatory free trial on some of the Online Accounting softwares now!