It is not uncommon for a small business owner to start tracking their business finances with a spreadsheet. Or perhaps more accurately, a series of spreadsheets.
However, as your finances become more complex, you’ll quickly discover spreadsheets don’t grow well with your business.
Here are 10 ways a cloud accounting software can help you streamline your business admin and take control of your finances.
1. The ability to access your accounts in the cloud, anytime, anywhere
The beach, the bar, the bedroom, the golf course! All you need is an internet connection = greater flexibility.
2. Cloud accounting software is simple to use
Reduce the time you spend on paperwork = Better efficiency.
3. The ability to share information online easily
With your accountant, bookkeeper, bank, business partner – whoever, whenever = Increased accessibility.
4. Say goodbye to year-end historical data
Here’s to the future – running your business with real-time information = improved decision making.
5. Remove the need for manual and paper-based systems
Get organized – free up space in your office = Clutter-free working environment.
6. Keep the tax man happy
Tax compliant software and systems = Stress-free accounting.
7. Stay safe and secure
Your files are backed up “in the cloud” = Peace of mind.
8. Always work with the “latest” software version with free updates and upgrades
No more “improved software” upgrades to pay for = More cost-effective solutions.
9. Your cloud accounting software grows with your small business
No limit on the number of monthly transactions = scalable software.
10. Receive access to a 24-hour support team
24/7 email and phone support = Free help, day or night.
Read more on about cloud accounting software for small business
Recommended Next Read
How technology can help you recruit and retain top talent
Subscribe to the Sage Advice Small Business Newsletter
Get our latest business advice delivered directly to your inbox.
Ask the author a question or share your advice