Cloud accounting is making the news lately and it’s for a good reason. A lot of positive feedback is circulating online pushing for the complete takeover of cloud accounting over its native counterparts.
This is due to cloud accounting offering better and exciting features never before experienced with local accounting software. Here are a few good reasons why you need to jump on the cloud accounting movement:
Real Time Accounting Information at Your Fingertips
Being able to access real-time accounting information through your preferred mobile device is the core reason why cloud accounting movement became a force to reckon with. You don’t have to be on site to see what’s going, which is usually the case with local cloud accounting software stuck in desktop computers and laptops.
You’re getting the accounting information anytime, anywhere. This allows you and your employees to always be on the go, drastically improving your business productivity. No more rushing to the office to boot up your computer to access your accounting software in time. With cloud accounting, all you have to do is sit back and enjoy your coffee while thumbing through your phone.
Data Safety and Security Like No Other
Most cloud accounting software offer top notch data safety and security. There are 2 reasons for this:Â First is the inevitable sophistication of hacking and breaching methods used by malicious entities and second, offering only the best data safety and security removes the doubts from potential users who hesitate the idea of online accounting due to security concerns.
When using cloud accounting, expect to get your data back up without a hitch. Cloud accounting companies have data centers spread out throughout the globe to make sure your data is safe from natural calamities. These data centers are well-guarded 24/7 and require several access keys before you reach the main hub, ensuring your data is truly safe and sound.
Collaboration is Now a Reality
Gone are the days when you miscommunicate with your accountant or other employees due to lack of collaborative features from your accounting software. Now you can communicate with other users of your cloud accounting software and track the updates they made to your data, making genuine collaboration easy and productive. Aside from its collaborative features, cloud accounting software also offers user access control so you can lessen the probability of making critical mistakes, easily track the activities of every user, and avoid confidential information landing in the hands of the wrong individual.
Cloud Accounting is a Well-Oiled Machine of Efficiency
At its core, cloud accounting is already extremely efficient: it provides you real time accounting information anytime you need it, anywhere you need it. It also makes true collaboration possible and saves you from worrying about security measures you have to take. Everything is taken care of, leaving you ample time to concentrate on what matters most: your accounting record.
However, cloud accounting takes its efficiency a step further, strengthening its image as a well-oiled machine of efficiency. Cloud accounting makes it possible to automate accounting tasks and allows you to schedule invoices in advance. It is also compliant to government system requirements and even has features that allow you to track your inventories, receive bank feeds, and deal in multiple currencies among others.
Cloud accounting is a movement that every business owner should jump on.
Ready to Jump on the Cloud Accounting Movement?
The team of licensed accountants at JDM Business Services is more than happy to walk you through the steps of getting your cloud accounting software, right from selecting the perfect software you and up to the implementation of this exciting new technology to your business.
Contact us and let’s get started today!
