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10 Reasons You Should Upgrade your Business Accounting Software to Cloud

Gone are the days when you had to sit behind a computer screen and enter figures into accounting software manually. Now, you can be seated on an airplane some 30,000 feet in the air and still be able to manage your companyu2019s finances with just a few clicks. This has been made possible with the help of cloud business accounting software.<br><br>If you havenu2019t made the switch to cloud accounting software already, here are ten reasons that would convince you to do so right away.

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10 Reasons You Should Upgrade your Business Accounting Software to Cloud

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  1. 10 REASONS YOU SHOULD UPGRADE YOUR BUSINESS ACCOUNTING SOFTWARE TO THE CLOUD

  2. SAVE TIME If you feel like you’re spending too much time on generating invoices, entering costs, and catching up on deadlines, you can benefit from the cloud. Cloud accounting software automates the generation of invoices. It also syncs between departments such as Human Resources and Payroll.

  3. WORK FROM ANYWHERE If you are constantly on the move between offices, meetings, and networking events, or you want your financial data handy during non-work periods, you need cloud accounting software.

  4. GOOD VALUE FOR MONEY You need to access your company’s financial data and often refer to it while making a business decision. With cloud-based business accounting software, you can access this information in real-time and generate reports to view your finances comprehensively.

  5. GET ACCESS TO REAL-TIME DATA It can be a hassle to share authorised information about your finances with appropriate internal and external users. Using cloud business accounting software means multiple user access with the ability to add or change permissions so that only the information a user is authorised to access is displayed.

  6. KEEP YOUR BUSINESS DATA SECURE With traditional accounting software, updates need to be installed on each device and on the local server, costing you man-hours. Cloud accounting software ofers real-time updates on the cloud servers so that operations aren’t disrupted.

  7. EASY TO UNDERSTAND AND USE You can reduce or replace face-to-face meetings with your Accountants by using a cloud-based accounting solution. Cloud based accounting solutions ofer the ability to share and discuss information in real-time, remotely.

  8. ENSURE COMPLIANCE AND ACCURACY If you’re facing problems regularising the release of payments or issuing invoices, you could use real-time tracking and automatic reminders. A cloud business accounting software maintains automatic checks and balances to ensure accuracy and compliance.

  9. MANAGE DIFFERENT USERS It can be a hassle to share authorised information about your finances with the concerned users. Using cloud business accounting software means multiple access with the ability to add or change permissions so that only the information a user is authorised to access is displayed.

  10. GET REAL-TIME SOFTWARE UPDATES With traditional accounting software, updates need to be installed on each device on the server, costing you man-hours. Cloud accounting software offers real-time updates on the cloud servers so that operations aren’t disrupted.

  11. ENSURE COMPLIANCE AND ACCURACY If the performance of your accountants is affected by infrequent communications, you could use a system that shares access to the reports such as the general ledger, balance sheet, or cash flow statement as required. Cloud-based accounting solutions mean no more unexpected financial records and continued communication.

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