What is cloud accounting?
How cloud accounting benefits your small business
Small businesses are the biggest beneficiaries of online cloud accounting and there are numerous ways in which moving to the cloud can be of value. Working in the cloud will give you the opportunity to reduce the amount of time you spend working on tedious, time-consuming tasks, allowing you to concentrate on what you do best: growing your business. You can also be confident that you will have greater access to real-time data for your business – no matter where you are – as business information is accessible any time, any place, on any device that has internet access (much like internet banking).
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One of the main cloud accounting benefits is the flexibility it gives you and your business to work from home, in the office, or on the go. When your data is so easily accessible, in real-time, you can make informed decisions, manage your cash flow and reduce your business overheads. If you do decide to move to the cloud, we will work with you to select the most suitable software for your business and accounting needs.
Paul Wormald is a partner at Hawsons, working in the Doncaster office. He worked previously with two national firms of Chartered Accountants prior to joining Hawsons in 2001. For more information or advice on anything covered in this article, please contact Paul on [email protected] or 01302 367 262.[/author_info]