What is cloud accounting?
Whether you’re a startup, sole operator or an established
company, cloud accounting has the potential to transform your
business life.
No longer are your financial records spread across
different files, locked in a single PC or inaccessible
after hours or when you’re out of the office. Cloud
accounting brings all your financials together in one
place and makes them available to you – and your
accountant or bookkeeper – anytime, anywhere and on
any internet-connected device, meaning you are
no longer tied to your desk or the office.
With cloud software your data lives in the ‘cloud’ online
and 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.
Most importantly for busy small business owners, cloud
accounting has been created specifically to help make
financial management easier and more cost-effective
than ever before – it’s simple to set up and use, provides
you, your colleagues and your financial advisor with a
crucial at-a-glance picture of your financial position, and
saves both time and money.