“Cloud accounting” is becoming a buzzword in the financial community and for good reason: keeping your business accounts online has many benefits and in this article we will discuss some of these advantages.

Cloud accounting means your accounts are available anywhere, anytime

You can work in the office, from home, or even on the go and have full access to your accounts as long as you have Internet access.

Counters don’t need big backups

Do you have trouble getting a backup of your accounts to your accountant to do your finances or file your taxes? Online accounting software eliminates this problem because your accountant can simply log into your accounts online. No need to arrange to transfer backups etc.

Save space on your computer

Instead of taking up space on your computer, cloud systems store online and minimize your storage needs, often making your computer run faster and, in turn, more productive.

Easily upload bank statements

One of the great benefits of accounting systems in the cloud is that you can usually upload bank statements quickly and easily, which saves your accountant a lot of time, increases productivity, and generally makes it easier to worked. Previously, and in offline systems, capturing bank statements could take hours or even days.

Everyone has access to the same records

Offline systems would often mean that different people had different copies of your records. You may have been on a server, meaning everyone in your office had the same records at the same time, but did your accountant have these same records? And when you worked from home? With online systems, everyone has access to the same records all the time.

Getting financial advice is much easier

Need quick answers from your financial advisor? Instead of having to arrange a printout or backup of your financial data for them, you can now provide them with login details to your online accounting system and they can see where you are and provide you with the correct answers and results. relevant advice immediately.

enhanced security

By storing your records online, you can improve your security as the information is stored off-site, and in the event of a disaster on your office premises, you can still get the information quickly and easily and even continue working on elsewhere if necessary.

If you are not already into a cloud accounting software, it is highly recommended that you consider this. We believe that over time, more and more people will move away from offline systems because of the benefits of online systems. Why not be an early adopter?