10 Reasons Why You Should Move To Cloud Accounting
When cloud computing was introduced a few years ago, it became an instant hit. The opportunity to store and share your documents and files safely and quickly online was used by many individuals and organisations.
The good news is that cloud technology has evolved and it is now used for many other activities including accounting. Traditional accounting software is usually costly, works only on one device/computer and needs to be updated frequently, with these updates often meaning more expense. This is where cloud accounting comes into play. If you are still not sure whether you should use this specific form of accounting or not, we have prepared a list of reasons that we believe should spark your interest:
- Straightforward and simple to use
PC systems used in the past relied on software solutions installed on the computer by accountants and bookkeepers and they required specialist knowledge and experience to be used. This is not the case with cloud accounting. This software solution comes with a user-friendly interface and it can be easily used, even by beginners. In addition, there are numerous explanation videos and interactive media available to master the use of online accounting. You can get to grips with it in no time.
- Secure and safe
If you use cloud accounting, you don’t have to perform manual backups. If something goes wrong, you won’t have to try and restore everything and hope that it will be alright. Your data is completely secure and safe with cloud accounting and every provider can confirm this.
- Paying only for the service you actually use
With cloud accounting, there is no need for initial investment in software installation and features that you will never use. It is up to the user to select the features they need and they can use them online without special standalone software.
Accounting is a serious activity, but this doesn’t mean that you must always conduct it in your office. Cloud accounting can be performed from any place you want and at any time as long as you have access to the internet.
- User-friendly interface
As previously mentioned, the interface for cloud accounting solutions is very straightforward. All the buttons are intuitive, there is a clear help guide and you can also use the dashboard to find out what is going on at any given time.
- Prices for this service are very competitive
Thanks to the fast progress in this field of technology and the emergence of new companies providing these services, prices are becoming very competitive.
- Community help
Most cloud accounting software options have thorough ‘Help’ files. However, ‘Help’ information cannot cover every situation. In cases like this, users can rely on the community related to the product they are using and obtain answers from the very useful forums that exist.
- Boost productivity
Instead of wasting time on accounting activities, you can minimise the effort with cloud accounting and use this free time to focus on your business and improve productivity.
- Free updates
Instead of paying for updates and checking whether there is a new update or not, the entire process is usually completed for free and automatically.
The fact is that cloud accounting is much more scalable and it can easily follow the growth of your business. In other words, even if the business grows fast, the software will remain fully functional.
Have we convinced you yet?
If you’d like to find out more about cloud accounting for your business, please contact us now. We would be happy to help.
Morgan Reach is a well-established accountant firm with offices in London and Birmingham. Well known for its innovative approach and placing its clients at the forefront of the practice, Morgan Reach provides a variety of accounting services such as compliance, tax services, company secretarial services, business consultancy and accounts as well as strategic growth advice for an extensive range of business sectors including manufacturing, healthcare, construction and property, retail and entertainment, media and the sports sector.
DISCLAIMER: This article is for guidance only, and professional advice should be obtained before acting on any information contained herein. Morgan Reach Chartered Certified Accountants cannot accept any responsibility for loss occasioned to any person as a result of action taken or refrained from in consequence of the content of this article.