The Benefits of Cloud-Based Accounting
Over the last decade, the Internet has transformed our lives to a new era with platforms such as online banking, online shopping, and Facebook. With that in mind, how extraordinary will it be to utilise the cloud for your business too!
There are numerous reasons why to switch to cloud accounting as the benefits are tremendous:
- Access key financial information anytime and anywhere. You are not limited at the office or any desktop computer system.
- Saving on computer overheads as it is entirely on the cloud. There is no need to invest in IT hardware and the maintenance thereof, no need for a server to house the application software which results in saving on IT expert-call-out-costs.
- Security: You are always be logged in to the most up-to-date version of the cloud – software with your work being saved automatically as you go. With your accounting information in the cloud, it is encrypted at source and saved. No need for back-ups again!
- Moving to a paperless world. Invoices being emailed saves paper, printing, and filing- time. Invoices and bills are being scanned in and stored with associate transactions in the cloud.
- Collaborate effortlessly as the relevant parties can log on at the same time with the numbers in discussion in front of you.
- Better control and seamless accounting functionality.
- Endless integration possibilities with hundreds of applications. For example, reporting application integration – connect financial information from various platforms and use powerful tools including Visualize, Report, Forecast, Benchmark, Consolidate, Tax, Valuations and Insight
Are you beginning to see the benefits of a cloud accounting approach for your business?
Leading Edge stays up front and believes cloud- accounting is the way forward! We go with Xero cloud-based accounting software and is super excited to help your business transform into the new era.
