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Why Cloud Accounting is Good for Small Businesses

Using accounting software can be something of a chore, especially if you cannot access it via the cloud. Accounting software can occasionally take up too much of your time and it really does not make doing your books very easy or in the slightest bit fun. The good news is that cloud accounting can come to the rescue.

Cloud accounting
Using cloud accounting software is so much easier and convenient than using traditional accounting software. (Picture © pexels.com)

What is the Cloud?

Chances is you have heard a few people talk about the cloud. Joseph Carl Robnett Licklider is credited with inventing the cloud in the 1960’s. However, it was not until 2006 when Google introduced this term to the wider world. The cloud connects data and people together from anywhere in the world and at any time. The cloud is rumoured to be named after the cloud-shape that was formed on a board during a presentation about the subject in question. So now you know!

What is the Downside of Accounting Software?

While you may be used to using accounting software and applications to help you run your business, there are a few issues with it.

Accounting software:

  • Is not always up to date.
  • Does not always contain data that is up to date.
  • Only works on a specific computer with the data bouncing from place to place.
  • Is not always very secure, especially if you are using old software.
  • Cannot always be accessed by multiple people.
  • Is not always easy to backup.
  • Is expensive and often quite time-consuming.
  • Often has slow customer support.

What are the Benefits of Cloud Accounting Software?

When it comes to the benefits of cloud accounting for small businesses there are more than a few:

You Will Have Access Any Time

Regardless of when you need to open your files, you will have access at any time. You will be able to access all of your figures when you need them the most and when you just need to check something. You will not need to worry about updates or downloads, you will have access anytime and anywhere, giving you the peace of mind you need.

You Will View Updated Figures

When you have access to your figures via the cloud you will have an up-to-date view of everything. This means you will know exactly how well your business is doing at any time. This allows you to make some informed decisions about your business’s future. What’s more is you will also view those figures in real time, meaning if something changes, you will see the updates right away.

You Can De-clutter Your Office

Keeping up with all of your paperwork can be a bit of an arduous task. Invoices, receipts and expenses forms can soon mount up. The amount of paper in just one office can seem quite unnecessary, but there is an easier solution.

If you use cloud accounting, you can say “Goodbye” to all of those huge piles of paper. In fact, you may even be able to import all of the data that is written down on paper into the software. This not only allows you to see all of those figures when you need to, it also lets you see what you need to see when you need to see it. What’s more is the risk of someone making a manual error is much low.

Just so you know, using a lot less paper means your office will be more environmentally friendly. Reduce your carbon footprint and make use of the cloud today.

You May Be Able to Put All of Your Applications into One

Do you have a lot of different applications? Perhaps you use email, an online storage system, an office programme and more. The good news is that you could put all of your applications into one. This means you will not need a separate storage system, calendar or email, they can link up with your new cloud accounting software so everything is in one place.

Conclusion

Using cloud accounting software, such as Billomat,  is so much easier and convenient than using traditional accounting software. Not only will you have access any time, view updated figures and more, but it may work out cheaper too. If you want to move your small business into the 21st century, cloud accounting is the way forward.

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