6 Cloud Accounting Benefits for Small Businesses Explained

benefits of cloud accounting

Just because your client has invested in easy-to-use accounting software doesn’t mean that they now have to do their bookkeeping themselves! Once you are set up as a user, it’s easier than ever to manage your clients’ bookkeeping, perform checks and make them aware of anything that needs their attention. If your clients really aren’t ready yet to move to the cloud, you can always use bridging software to keep them compliant while they’re still using spreadsheets. There are a host of benefits to cloud accounting for your practice and for your clients.

Nearly 20 years after its creation, the accounting software still focuses on helping business owners get paid quickly and accurately. Features like recurring invoices, automated payment reminders and online payments make it easy for clients to pay how they like. You might wonder how secure your financial data is on a cloud-based system.

Get an Up-To-Date View of Your Business

A CPA with more than 10 years of varied public and private accounting experience, Ben has led many complex financial projects to successful outcomes. SoftLedger’s flexibility enables quick and easy adaptation to the changing healthcare landscape. Get greater visibility into your investment data and harness opportunities as they arise with SoftLedger’s sophisticated features. Get your money quicker with recurring and usage-based accounts receivable automation. Exciting business insights and growth strategies will be coming your way each month.

The infrastructure is already built for you at some remote data center and you have only to negotiate more space with your third-party host. Not only that, but every time your operation grows, so must your locally hosted infrastructure with it, which only adds to the cost, hassle, and encroached space. This is the peace of mind you need, especially if your company is just getting off the ground and you don’t have the manpower to deal with extensive equipment updates. Payroll software simplifies the complex task of managing employee salaries, taxes, and related functions.

Reports in Real-Time:

The accounts receivable and finance teams, as well as other distant teams or branches, can access the same vital data and financial records. It is always more efficient and cost-effective when everyone is on the same cloud accounting page. Book a demo here to learn how our cloud accounting system can support your business. To improve accuracy, many of the error-prone manual tasks when using spreadsheets are eliminated by cloud accounting.

benefits of cloud accounting

Zoho Books is an affordable accounting software with advanced features like project accounting and time tracking. It integrates well with other Zoho apps and offers different plans, including a Free plan for businesses with less than $50,000 in revenue. The $25 per month plan comes with unlimited users plus cash flow forecasting. In contrast to accounting software that’s installed locally on your desktop, cloud accounting software doesn’t come with the constant updates that eat away at your time. This means that your clients can get on with their jobs as soon as they’re connected to the internet.

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