Technology & Innovation

10 key things you need to know about cloud accounting software for small business

Business man using cloud software

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.

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