Cloud computing is taking over from traditional desktop software, and is one of the most revolutionary changes seen in computing during recent years. Small business owners are seeing the value of storing their business information in the cloud, in terms of operational flexibility and also security.
We at Southside Accountants in Wimbledon SW19 firmly believe that cloud accounting is the way forward, and have used the award-winning Xero accounting and QuickBooks software for some time. We explain what cloud accounting is, and detail the main benefits below.
Instant access from anywhere with an internet connection
Real-time access to financial data is available at the click of a mouse. As long as you keep your information up-to-date, it can be viewed at any time of the day or night.
Unlike desktop software which is, usually, paid for in total, access to cloud accounting solutions can be bought on a monthly subscription basis. This aids cash flow and makes it easier to budget.
Backing-up is automatic
No longer do you need to spend time backing up your data on the hard drive. Cloud accounting software providers do this for you, every few hours during the day and night. Data can also be backed up to your computer if you wish to store it locally.
Automatic software updates
These are performed while you work, and you should be largely unaware of them.
Cloud accounting software lets you file your tax return with a minimum of fuss, and provides real-time information you can use to move the business forward.
Save on accountancy fees
Southside Accountants in Wimbledon SW19 use Xero cloud accounting software, which saves on accountancy fees. We can access the software to troubleshoot problems, amend data input errors, and reduce the need for meetings.
Integration with other software
This is a real plus for business owners, as other types of software can be integrated into their cloud accounting solution. PayPal, MailChimp and Amazon are just a small selection of providers that can make your business run more smoothly.
The International Standard for Data Security is ISO 27001. A small padlock should be visible at the bottom of the screen when you log into the software, which means that the data is encrypted.
Other security measures expected of cloud software providers include having servers on several sites, using firewalls, data recovery procedures, and audit trails.
Other things to think about before buying cloud accounting software include the speed of your internet connection, whether there is a free trial of the software, and if data import is available.
Southside Accountants in Wimbledon SW19 are Xero Certified and QuickBooks certified Advisers.