3 Reasons To Use Cloud Accounting

260981-manage-your-business-in-the-business-cloud[1]

At this time of year, all eyes are on end of year. It’s Tax Time. But how organised are you and your systems for year end?

Do you have the latest software patches loaded, is your system tax compliant, and is all of your data entry up to scratch?

How much is it going to cost you to have a Bookkeeper come and sit with you for a week to enter in all of your data, for the Consultant to bring your system up to scratch and for your Accountant to sort through it all?

Wouldn’t it be great if there was an easier way? A World where your systems talked to each other, where transactions took care of themselves and your Bookkeeper and Accountant became Advisors rather than Compliance Monitors?

Take a look at our 3 Reason To Use Cloud Accounting to find out how.

1. ACCESS

The primary reason for using a Cloud Accounting system would be access. No longer confined to the Desktop computer in your office, you are now free to manage your business from the car, home or away on holidays!

Best of all, you can share your access with most systems, providing your Advisors instant access to your business information allowing for up to the minute advice.

Larger business can also benefit from having remote workers or offices connecting with ease, without the burden of ageing infrastructure to get in the way.

2. PEACE OF MIND

When was the last time you backed up your system, or had to restore it, only to find out that your backups don’t work, or the system database didn’t backup?

The feeling is gut wrenching, particularly at this time of year.

With a Cloud Accounting system, your software, assets and business data are always backed up, and always accessible, 24 hours a day.

You should also look for a system that allows you to backup your own data and store it locally, just for extra piece of mind.

3. COST

Systems with 24/7, multilocation access were once just a figment of  small business owner’s imagination, often left to the larger ERP competitors.

Not anymore.

Systems with online Inventory, Payroll, Time Keeping and Financials, such as Reckon’s Quickbooks Hosted platform, can be had for as little as $25 per month.

We are able to advise on a wide range of Cloud Accounting and Hosted business packages to suit your needs.

We would love to also hear any feedback from businesses out there already operating in the Cloud.

Let us know your thoughts, feedback or questions in the Comments field below.

Advertisements

Cloud Accounting Saves Dollars and Makes Sense

One of the biggest winners from the current frenzied move to the Cloud, is the world of Accounting Software, and in particular Small Business users.

No longer bound by the typical ageing model of the sales staff getting out on the road, only to come back to the office with an armful of orders for the Data Entry clerk to spend days data entering into an antiquated old version of Quickbooks or MYOB. No Sir, welcome to the age of Cloud Accounting.

There are many prominent systems available to the savvy Small Business operator, from simple browser based systems such as Reckon’s Cashbook Online or Xero, through to your fully fledged Hosted solutions, such as Reckon’s QuickBooks Hosted.

A business should do its own due diligence in deciding what is right for its purpose and budget, however thorough investigation will reveal that all online systems are not alike. View our guide to some factors to consider in this decision making process here and further information comparing cloud products here.

Special consideration should be made to looking at where the data is hosted, and if you can access or actually even own your own data.

From only $15 per month for Cashbook Online to around $25 per month for QuickBooks Hosted to $49 or $64 a month for Xero, Small Businesses really should be looking at these systems and making the move for The Cloud.

For example, from all products tested, Reckon’s QuickBooks Hosted was our favourite for Pricing, Features and Security. Aimed at SMB’s rather than micro businesses like the previous two products mentioned, QuickBooks Hosted is the great all-rounder.

Deploy a team of Sales Reps around the Country, toting nothing more than an iPad or Android tablet, to access their customer accounts, perform inventory and order lookups, view the status of back orders and deliveries and enter orders directly with their customers on site.

Prior to the availability of these systems in The Cloud, most SMB’s simply wouldn’t have been able to compete with their larger Netsuite or SAP doting competitors, with their expensive VPN’s and custom written PDA software.

We can only expect to see further growth in this area, with Reckon looking to bring Point of Sale to The Cloud in the near future as well as open up the SDK to allow for third party products such as Fishbowl Inventory and Ostendo to co-exist on the Hosted platform.

Also let’s not forget Reckon’s recent investment in Cloud Field Services startup Connect2Field as a sign of the sheer commitment typical software vendors are making to the Cloud Accounting field.

Seek out a Cloud Accounting Specialist today to see how you could not only save your business dollars, but make sense of your business goals at the same time.