Small and medium-sized businesses are the biggest beneficiaries of cloud accounting and there are many benefits in which moving to the cloud can bring. Working in the cloud will give your business the opportunity to concentrate on what you do best: growing and running 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).
As your business grows, one of the key questions you will ask yourself is: How can I prioritise my time? And rightly so. Not having enough hours in the day is one of the key challenges many small business owners face.
This is where cloud accounting can help your business.
For more information on cloud accounting please click here or watch this short video below.
Here are just a few of the benefits – growing your business with cloud accounting:
Easy to use
We will help you move to your new software and make the data transfer as automated as possible. We will also provide you with training on your cloud accounting software so you know how to use it efficiently and get the benefits as quickly as possible
Saves you time
Online accounting brings new working practices – bank feeds that automate postings into the software from entries on your electronic bank statements, the emailing of pictures of receipts onto your system and the scanning of supplier invoices all reduce the time associated with data inputting.
Small business owners work extremely hard and regularly exceed the maximum 48-hour working week recommended by the European Union, new research from AXA Business Insurance has revealed. The study, involving 350 UK small business owners, found that one in four small business owners routinely surpass working weeks of 51 hours or more, so it’s important to spend your time growing your business not doing your paperwork.
No IT headache
The cloud service providers do much of the IT maintenance, such as the backing up of your data and installing software updates – and this in turn reduces the need for on premise servers.
The reality of life is that in today’s environment people are mobile – working outside of their usual office hours and away from their office locations – on mobiles, tablets or other devices. Thus, it is essential that users can securely access business software and data as and when needed, wherever in the world they may be.
The question “How secure is cloud accounting?” is one that is raised by almost everybody making their first move to using the cloud and cloud accounting security is at the top of most cloud users’ minds.
Some people argue that storing your data on the cloud can be more secure than storing it on your desktop or an on-site server. Most cloud computing providers take great measures to ensure your data is safe, including backup power supplies, firewalls, data encryption software and regular, third-party security audits.
More informed decision-making
The beauty of cloud accounting software is the flexibility it gives you to run your business, wherever in the world you may be. You can be confident that you have an up-to-date picture of your business – allowing you to make more informed decisions regarding your business operations.
Moving to the cloud
We will work with you to find out which cloud accounting software best suits your needs your needs.
As cloud accounting specialist accountants we work with all the leading providers. If you’re thinking of moving to the cloud then it is important you consider your options in terms of cloud-based service providers. At Hawsons we work with all the leading traditional and cloud accounting software providers, including Xero, Sage One and QuickBooks.
Once you are up and running we are available to help at any time answering any questions you may have. With your permission, we can log into the software at the same time as you and even take control of your screen to help you with any questions you may have.
Are you thinking of growing your business with cloud accounting, or have any questions on anything covered in this article? Please contact your local office cloud accounting specialist for more information and cloud accounting help. Hawsons are cloud accounting specialists.