Cloud Accounting - is it for you?

As more and more businesses move into cloud accounting, you are probably wondering if you should jump on the bandwagon. With the right accounting software, you can and you should. 
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Here's five ways cloud accounting software can benefit your business :

1. You have a clear overview of your current financial position, in real-time.
2. Multi-user access makes it easy to collaborate online with your team and advisors.
3. Automatic updates mean you can spend more time focusing on your business.
4. Everything is run online, so there’s nothing to install and everything is backed up automatically. Updates are free and instantly available.
5. Upfront business costs are reduced – version upgrades, maintenance, system administration costs and server failures are no longer issues. Instead, they are managed by the cloud service provider.

​Sure, you are concerned about security.

​But the cloud is one of the most secure ways to store information. For example, if your laptop is stolen, no one can access your data unless they have a login to your online account. But if your data is on your hard drive, anyone can retrieve it using data retrieval services.

In the event of a natural disaster or fire, being in the cloud also means business productivity doesn’t need to be affected because there’s no downtime. All of your information is safely and securely stored off site. As long as you have access to any computer or mobile device connected to the internet, you’re back up and running.

In addition to this, if you invite users to view your data, you can control the level of access. This is much more secure than the old-fashioned way of emailing your files or sending out a USB stick with your data on it.
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Cloud-based software companies ensure that the security and privacy of data about you and your organisation is always airtight. If you use online banking, then you’re already primed to use cloud accounting.

​With cloud accounting software, you have the option to run your business remotely, from anywhere in the world. And when data is fluid and accessible, the possibilities are endless. 

So start revolutionising the way you do accounting today!