Head in the clouds?
What is cloud/online accounting?
Defining cloud computing can prove to be complicated as different people have different explanations. Technically, cloud computing refers to the delivery of IT Infrastructure, applications and services to organisations and end users, on an on-demand basis – remotely, via the Internet. In layman’s terms, the cloud is simply a platform to make data and software accessible online anytime, anywhere, from any device. You are simply working online via a platform to share data and information.
The Benefits of Cloud Accounting
When you work online, you will both have access to everything the cloud has to offer, and all the benefits that come with it – including:
Create a quote, email an invoice and record an expense – anytime, anywhere. Using just an Internet connection and a browser, colleagues on different continents and in different time zones can work together on the same project.
Reduced capital expenditure
System upgrades are a thing of the past! In the cloud, software automatically upgrades so your clients are always up to date and using the newest version.
Improved Agility & Productivity:
Cloud technology will allow your clients to spend more time on the business and less time dealing with administration and data entry.
Real time collaboration
Collaborate in real time with clients and team members to speed up the rate of work and make smarter and faster decisions. Plus, cloud computing saves time on file sharing.
Always backed up and secure
Perhaps the most significant aspect of cloud is the assurance that your clients’ company data is always secure and always backed up.
Already a fan?
Many small businesses often use cloud services without even knowing it! Cloud accounting services include:
Traditional banking vs internet banking
Postage vs web mail such as gMail accounts
Filing cabinets for CD storage vs cloud storage i.e. Apple iTunes
The material and contents provided in this publication are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone.