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.

Cloud POS Coming To A Handheld Near You Thanks To Reckon Limited

Reckon Limited, an Australian ASX listed software provider, best known for its Quickbooks range of products, is after more than just the bookkeeping market in Australia.

Shown today, exclusively to Cloud For Profit, at Reckon’s National Accredited Partner Conference in Hobart, was Reckon’s mobile Point of Sale offering. Reckon have produced the desktop version of Point of Sale for some time, however a mobile solution was always the vision of Business Division CEO Gavin Dixon.

Until now, the technology required to run such a solution was not in the price point of the majority of Reckon’s customers and did not fit the vision, of being on any device, not just multi thousand dollar clunky PDA’s.

In speaking with Reckon, Senior Business Analyst Simon Hutchinson commented, “this is going to change retail, from your tradesmen looking for a simple solution to send an invoice from their van, to the coffee cart at kid’s soccer matches, to the more traditional bricks and mortar, we can now provide them all with a cost effective mobile solution”. Gavin Dixon then commented, “and best of all, our customer’s don’t need any new hardware, they can run POS on their iPhone, HTC, Samsung Galaxy or Blackberry device”.

We tested the mobile POS Solution on our own Samsung Galaxy Note, and it was as if the product was made for the 5.3″ screen size.

The above screen shot demonstrates us processing a sale on the POS Terminal. We could also make use of the S-Pen which made the perfect tool for selecting products from the POS item list.

“Custom templates are our next project” relayed Hutchison, “I want to design templates to suit various device screen sizes, from iPod Touch, to Galaxy S II,  to Note and the 7″ and 10″ tablets.”

And not only is the Terminal going to the mobile platform, but also the Administrator back end, which allows for Management to monitor various terminal sales, close and open terminals, and transfer data to and from their QuickBooks accounting software.

The shot above demonstrating the sales each terminal is making.

“Traditionally another highly requested feature of POS users, was multiple location. Logistically this was previously a challenge due to the nature of the relationship between POS and Quickbooks, well not anymore, as we have hosted and link POS to Quickbooks on our Cloud Platform”, added Dixon.

So in terms of monitoring your terminals, these terminals could be anywhere in the World, being monitored from your Android device.

All you have to do is relax!

Reckon will be releasing the mobile POS solution sometime in Q2 2012.

Be sure to follow as this product nears its release cycle.