Gone are the days where we found ourselves bound to the desk and a particular PC at our workplace or business premises if we wanted to work on our accounting system.
New advances in technology see the emergence and the huge popularity of cloud based accounting systems allowing business owners to access their accounting systems from anywhere in the world. All you need these days is a computer and an internet connection!
Apart from giving you the flexibility to work anywhere, cloud based accounting systems also provide benefits such as:
Mobility
As with most cloud based applications, you can access these on a laptop or tablet. Even better, most are mobile phone ready as well, giving you the ability to raise quotes, invoices and even take payments, all on your mobile phone.
Saves you money
Cloud based accounting systems mean no more physical products like discs that need to be installed on your PC or laptop. As the physical product is no longer required to be manufactured, the cost of the product reduces.
It can also reduce your I.T. costs as you won’t need that I.T. person looking after your server in the back of your office.
Security
No longer is your data dependent on a manual back up to a different hard drive from your PC or laptop. With cloud based accounting systems, your data is backed up daily, encrypted and stored safely on their servers.
App compatible
Cloud based systems can work or sync with third party apps to make your life even easier. For example, no more entering receipts manually. There are apps that will electronically read the receipt and import the information directly to your accounts payable section in the accounting system, saving on valuable data entry time.
Syncing
Importing and exporting bank statements or sharing information with your accountant is now instantly available with the click of a button.
You can also sync cloud based accounting systems with some job management systems, allowing the transfer of client, quote, job and invoice data effortlessly between both systems.
The benefits of installing a cloud based accounting system are obvious. You can free up huge amounts of your time that could be better spent within your business.
Plant & Associates are proactive in the world of cloud based accounting systems and can advise you on which cloud based accounting system would best suit your needs.
Our accountants see Xero, MYOB and Quickbooks as the most common cloud based accounting systems that clients use.
Call Plant & Associates on 07 5596 5758 at either our Beenleigh or Gold Coast offices. We can help you to bring your business into the modern world with a cloud based accounting system.