The benefits of Cloud Accounting for small businesses
When we talk about “Cloud Accounting”, we essentially mean accessing your accounting software application from anywhere in the world. Cloud accounting has taken the pressure off the business owners who struggled with physical computer storage access, hard drive crashing or outdated software that needs reinstallation and license keys. Lots of our clients switched to Xero and described it as the best tool for managing their accounts. Whether you are in a coffee shop, skiing in Queenstown or relaxing on the beach in the Bay of Plenty, you can access your data.
You might be thinking that it might not be the most secure option; however, the latest accounting software applications have increased security and have a constant back up, which mean you can relax and focus on what matters in your business.
Another reason to switch to Cloud accounting is the time that you will save. No more adding data into spreadsheets manually – you will have a state-of-the-art software application at your fingertips that will allow you to save time doing the books. Free trials of some of the most popular cloud-based accounting solutions are available. At Spectrum Accounting, we are Certified Xero champions. You can ask us today, and we will be happy to provide some advice and guidance.
You can also grant access to your account to your employees, share information and integrate it with popular file storage solutions, such as Dropbox.
Reporting and meaningful insights are available at all times when you manage your accounts online. Set up tax reminders and check when you tax payment are due. Check how much cash you have in business and what your projected income looks like for the months ahead. Identifying who still owes you money is easy – you can see any outstanding invoices and keep track of bad debts until they are cleared. We at Spectrum Accounting choose to use IPayroll as we think this is the best payroll system, which we can set up for your business and assist with the day to day tasks.
Let us introduce you to cloud-based accounting and offer you on-going support. Talk to us today, and we will show you how to make a positive change in your business.