What is cloud Based Accounting?

Think about when you use internet banking. Every time you access this data, you’re using the cloud. The cloud is a platform to make data and software accessible online anytime, anywhere, from any device. Your hard drive is no longer the central hub. You can use cloud-based software from any device with an internet connection. Online accounting means small business owners stay connected to their data and their accountants. The software can integrate with a whole ecosystem of add-ons. It’s scalable, cost effective and easy to use. In the cloud, there’s no need to install and run applications over a desktop computer. Instead, you pay for the software by monthly subscription

As a small business owner, you might be concerned about a cloud service provider storing your data. But the cloud is one of the most secure ways to store information. For example, using cloud software, if your laptop is stolen, no one can access your data unless they have a login to the online account. With cloud software, this is where the data lives – as opposed to on your hard drive.

Benefits :

• You have a clear overview of your current financial position, in real-time.
• Multi-user access makes it easy to collaborate online with your team
and advisors.
• Automatic updates mean you can spend more time doing what you love.
• Everything is run online, so there’s nothing to install and everything is backed up automatically. Updates are free and instantly available.
• Upfront business costs are reduced – version upgrades, maintenance, system administration costs and server failures are no longer issues. Instead, they are managed by the cloud service provider.

Our partnership:

We are partner with the world most popular Cloud Based Accounting solution providers. Not only that we are also Certified ProAdvisers and Consultant with Xero, MYOB, and Quickbooks. As a partners and Accounting Practice we have access to discount prices for Cloud Based subscription on behalf of our client. This is otherwise not possible if the clients will approach them directly.