Talk to any small business owner and they’re bound to tell you how cloud accounting has helped to change their business… and their lives. When people mention “the Cloud”, they are almost always referring to using the Internet as a means of storing, managing and processing data.
Cloud accounting will completely transform how you do business and once you experience how revolutionary it can be, you’ll wonder why you haven’t been using it all along. Read on to discover the reasons why cloud accounting is the way forward and what it has to offer that is sure to take your business from good to great.
Real time, all the time
With cloud accounting, as long as you have Internet access, you are able to see all your data at any time and in real time. Any changes you make are automatically saved meaning that you and others are always working with the latest versions of information. Also, more than one person can work on a single file at the same time, facilitating better communication between you and your financial expert (aka, your accountant) as queries can be answered and issues can be resolved there and then.
Manual data entry is a thing of the past
Gone are the days of having to manually re-enter relevant transaction data from your banking system into your accounting software. Live feeds from your accounts can now be linked to your cloud-based accounting system so that you not only have access to up-to-date, live data, but you also get to say goodbye to lengthy data entry time and slow downloads. In a nutshell: cloud accounting saves you time making it easier for you to focus on the aspects of your business that matter most.
Effective business decisions are made faster
Being able to access real-time information anywhere using a mobile device means that your business is no longer at a disadvantage because of its accounting data lagging behind reality. When it comes to making important and effective business decisions, it certainly helps to have immediate access to the up-to-date data that is needed to make the best possible decisions. Cloud accounting does just this – it assists business owners with making more informed business decisions more smoothly, and in the fast-paced business industry, this is hugely beneficial.
Flexibility with peace of mind
The Cloud is able to adapt as your business changes and grows, remaining a valuable business tool that supports the running of your business, rather than restricting it. In this way it allows you to have a great amount of flexibility when it comes to conducting business, something valuable in a world in which the business landscape is continually changing. The necessary security measures are also taken to ensure that all your data remains safe and protected in the Cloud so that you can proceed on a day to day basis without having to worry about the security of your business’s sensitive information. The added bonus is that you never have to be concerned about losing your data due to theft,disaster (such as fire) or even load shedding because the Cloud is not a physical thing. With cloud accounting you have peace of mind so that you can focus on the important things.
Cloud accounting software, such as that offered by Sage One, helps you maintain a bird’s-eye view of your business wherever you are, helping you to revolutionise the way you do business. It’s simple to use, hassle free and safe – what more could an on-the-go business person ask for?
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