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Cloud Accounting - Easily accessible financial information with low on budget!

Cloud accounting is a good way to reduce your accounting cost, increasing quality of output at the same time. Apart from saving cost purchasing and maintaining expensive accounting software, it also facilitate outsourcing of your accounting function.

Cloud accounting, also referred to as “online accounting”, serves the same function as accounting software that you would install on your computer, except it runs on our servers and you access it using your web browser, over the Internet. Your data is securely stored and processed on our servers—or “in the cloud”. This means you are able to access your business financial from anywhere and using any device, as long as you are connected to the internet.

Here are the some of reasons why you should switch to cloud accounting.

Flexibility - Your accounts, anywhere, anytime
Imagine on a sunny day you no longer need to be stuck in the office! You can do your accounts from any location that has an internet connection. Not only that, within your office you don’t have to decide who will have the cloud accounting software loaded on their computer. It is password protected and available on any laptop, PC, or via an app for ipad or iphone.

Safe and secure
At last you are freed from doing backups of your cloud accounting software. Never again will you have to press ‘restore’ and hope that it restores to the right place! All the main players in the online accounting software market will give you a cast iron guarantee that your data is safe and secure.

Easy to use
Unlike the old PC systems, which were only loaded on the bookkeeper or accountant’s computer, cloud accounting software is designed to be easy to use by non-accountants. This means features like automatic bank feed and intelligent reconciliations can be mastered in minutes. With numerous ‘how to’ videos available, online accounting software really is easy to use.

Cost Effective
  • No additional cost for purchasing, setting-up, updating and maintaining expensive accounting software;
  • You only pay for what you use: the software companies are generally charging on monthly basis. Your cost stop from the point you stop using;
  • lowers prices due to competition in accounting software market.
Meaningful reports
The players in the online accounting software market made available more meaningful reports. With a cloud accounting dashboard you can see everything you need to know about your business. How much is in your bank, and how much you owe and are owed. Not just for today, but next month too. A new revolution is upon us!

Single source of information
What does this mean? Your accountant or business advisor has the same information that you do. Not just for last year, but right now. So they can help you set up cash flow forecasts, or drill down on your sales figures or expenses and give you the information you need to make your business better. They can also help you plan so that you minimise your tax bill which will save you money!

Like to know more on implementing cloud accounting for your business or outsourcing accounting function? Enquire Now..

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SWOT Consulting is specialised in providing cloud accounting services, outsourced bookkeeping services, self managed superfund services, taxation services and CFO services to small and medium businesses. Contact us for outsourced bookkeeping parramatta, outsourced bookkeeping Sydney, outsourced accounting parramatta and outsourced accounting Sydney. Our specialised accounting team include XERO bookkeepers, MYOB bookkeepers, Reckon bookkeepers, Saasu bookkeepers, QuickBooks bookkeepers, Sage bookkeepers, Netsuite bookkeepers and many more.

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