Cloud Accounting – What is it and is it right for your business?

Demystifying Cloud Accounting.

Cloud computing is the use of computer hardware and software applications delivered as a service over the Internet. It allows you to store files and use applications using different devices and from different locations in a simple way.

Cloud accounting, also referred to as “online accounting”, serves the same function as accounting software, (such as MYOB or Xero,) that you would install on your computer, except that it runs on servers and you access it using your web browser, over the Internet. Your data is securely stored and processed on servers—or “in the cloud”. This means you are able to access your business financials from anywhere and using any device, as long as you are connected to the internet.

Benefits:
Your business is no longer answerable to time or geography. You could be open 24 hours a day, 7 days a week. Your office can now be where and when you want it to be – on the road, at home or overseas.

Access:
If you have teams in multiple locations or a remote bookkeeper or accountant they can (with your permission) work on your accounting data, saving time and increasing efficiency.

Security:
Your data is much safer in the Cloud than on your computer. Your computer could be lost, stolen or corrupted quite easily – but Cloud software providers spend millions of dollars to ensure the safety of your data.

Come and talk to our team today to find out how we can help your business enter and utilise ‘Cloud’ accounting – we provide all the training you will need – the sky is no longer the limit for your business!

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