What is Cloud Accounting and How Can it Benefit Your Small Business?

by | Sep 17, 2019 | 0 comments

Have you ever wondered about online bookkeeping and accounting methods? You’ve probably heard people talk about using the Cloud or accessing their financial details online. But what does this mean for your business? Is it secure, and how can it benefit your business? This is known as cloud accounting, and this post will help you decide if it is the right fit for your company.

If you’ve ever wondered about any of these points, then keep reading! In this post, you’ll learn all about the cloud and whether or not it’s a good fit for your business.

 

What is The Cloud?

This is probably a term that you’ve heard many times in the past. Basically, it means that the data that you enter and work with, is stored privately online. This allows for a huge amount of flexibility, as you can access the cloud from wherever you are, whenever you need it! It also protects you from any issues you might have with your personal hard drives, or your bookkeeper’s hard drives. 

Unlike with more traditional approaches, you won’t have to worry about data not being up to date, needing to transfer data manually, or unwanted eyes prying at the data. None of these things are problems with the Cloud, which is why we highly recommend using it.

 

The Cloud for Accounting

One of the huge benefits of using the cloud, is the fact that you, as the business owner, can stay up to date and informed at all times. You no longer need to wonder what your bookkeeper is doing, of how your accounts are looking. You can review it at any time and see what’s going on with the finances of your business. In addition, you don’t need to struggle with software installations and other admin tasks. Everything is seamlessly integrated on the Cloud, which is why it is such a benefit to the business owner, as well as the bookkeeper or accountant using it.

Essentially, it is a fantastic tool for creating a really strong foundation for your business’s finances and accounts.

 

Security

One thing that people are particularly worried about when it comes to the cloud, is the security of their data. After all, the finances of your business are private and important, and you want to keep them safe and secure.

Rest assured that the security of the cloud is fantastic and absolutely secure to protect your data. In fact, it’s a lot safer than storing it on a computer that can be stolen or making paper copies that can be destroyed in an event of natural disaster. As the business owner, you can also control the level of access of anyone who you invite to see your data, which is a great peace of mind.

 

Benefits and Your Business ~ what cloud accounting can do for you.

There are several benefits to working with the cloud, many of which we’ve mentioned above. The cloud allows you to review your finances in real time, to collaborate with your bookkeeping and team, and to avoid any issues that come with offline bookkeeping. It’s also a cheaper alternative!

With the flexibility to work on the go, you never need to worry about missing data or needing to stay in one place just to check your books.

 

So, what do you think? Would you try the Cloud for your accounting? Here at IPR Accounting, we believe that the Cloud is an invaluable tool for keeping our clients up to date with their finances, while ensuring that things stay stress free.

If you want more information on cutting edge bookkeeping and accounting practises, or need a hand setting up the cloud, don’t hesitate to book a consultation with us >>> Click here to make an appointment now!

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