Advice On Cloud Accounting Software

September 2014

Advice on Cloud Accounting Software

Research has shown that many of our clients are not aware of what “cloud accounting software” means and how it may be suitable for their business. This article aims to address that and give people some good general advice on cloud accounting software, and the benefits to businesses of using cloud accounting.

The world of technology moves and adapts extremely quickly and is an ever-changing entity. The accountancy industry is not one to let developments pass it by, as demonstrated recently by Sage, who have announced that their excellent line 50 product will now be available in the cloud.

What is cloud storage?

Cloud-based storage is a term that refers to a system where files are stored on a remote server (not in your office) and are able to be accessed anywhere that you have an internet connection. With a secure server and strong login credentials (usernames and passwords) in place, you can be assured that only authorised users will have access to these files.

What does cloud accounting software do?

I often think a lot of accountancy software packages can be compared to a sledgehammer on a nut, very powerful but extremely difficult to use. The majority of software packages are not fit for purpose when dealing with small to medium sized businesses. However, on the flip side, spreadsheets do not offer the level of technical detail or accuracy that is required. This is where cloud-based programs provide the solutions that accountants have been craving.

Cloud accounting software allows you to keep track of your books wherever you are in the world. You can have multiple users working on the software simultaneously in real time. Additionally your accountant can access cloud based files to work alongside you, without you having the inconvenience of making a trip into the office.

Which cloud accounting software should I use?

I would highly recommend any business user to review what accounting software you might want to use, whether it’s cloud accounting software or any other kind. It is very important to feel comfortable with it, especially when preparing your accounts rather than be snowed under with technical difficulties and hard-to-use software. Xero cloud based software, for instance, has eliminated many of the problems that pertained to complex input methods for data and confusing technical terms slowing down productivity.

Free Trial of Xero cloud accounting software

If you are interested in trying out the new cloud accounting software, visit www.xero.com to download a free trial or alternatively call one of our offices to have an informal chat about how you could start using cloud accounting software to help your business become more efficient and profitable.

Get More Advice on Cloud Accounting Software

You can read more about how cloud accounting can help your business and the software we recommend by visiting our Cloud Accounting Service and Software page.

You can also find out more about the government’s G-Cloud framework if you are interested in supplying or buying cloud accounting software, hosting and support.

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