Why We Love Cloud Accounting Software

With a cloud accounting system, your books are moved online and can be accessed from

anywhere using the internet. The service is paid for monthly on a subscription basis. There

are many out there that you may have heard of, such as Xero, QuickBooks and FreeAgent.

If you are eager for your business to work smarter and faster, cloud accounting software

could be a great investment for you.


Here at Suzanne Lock Business Services, we use cloud accounting software on a daily basis.

We love it, and so do our clients. Using online accounting software keeps our clients

connected to us (their accountants) and their financial data. In this article, we are going to

discuss the many benefits of using cloud accounting software. Read on to discover whether

this could be the right thing for your business.


The Flexibility Aspect


This is perhaps one of the largest benefits of using a cloud accounting system. To access

your accounting software, you don’t have to be confined to your office. You can essentially

log in from anywhere at any time (provided you have access to Wi-Fi or mobile data). You

also have the option of either using a mobile app or a web browser.


The flexibility is very ideal in today’s times, especially since working from home is a lot more

common now due to the effects of the pandemic. The flexibility of accounting using a cloud

system is endless. With cloud accounting software, you can complete tasks such as

approving payments and sending invoices on the go. It also makes it quicker and easier to

share documents electronically.


Less Paperwork And Administration


One thing many office workers can agree on is the stress of dealing with paperwork.

Paperwork gets lost, paperwork gets ripped, paperwork gets mixed up with other

paperwork... It can just be a big jumble of stress, especially when you are desperately

searching for an important document and it is nowhere to be seen!


Thankfully though, by utilising cloud accounting software, there could be much less

paperwork sitting around in your office. And it could also be much easier to find documents,

as you can organise them in files on the accounting software.


Relying less on paperwork can help your business to become more eco-friendly, as well as

organised and secure. In addition to this, you won’t have to perform backups of data, as the

software will do it for you. Less time spent on administrative tasks will mean that staff

are able to spend more time on more productive activities that will help to expand your

business.


The Efficiency Element


Cloud accounting software has so much to boast in terms of efficiency. Many accounting

systems can integrate with your bank accounts, which makes bookkeeping, reconciliation

and accuracy much simpler to achieve. The efficiency of this leads to staff not having to

waste time entering financial data manually.


Using cloud accounting software is also time and cost-effective, which further boosts

efficiency. It is cost-effective because you do not have to pay for any IT infrastructure like

you would with a desktop-based system. It is time effective because you can do accounting

and bookkeeping tasks with the click of a button, from anywhere at any time.


The Bottom Line


A cloud accounting software is a great idea if you are looking to enhance the efficiency and

operations of your business (but let’s face it, who isn’t?)


If you are considering using a cloud accounting system, then do not fear. You do not need to

be tech savvy in order to get the best out of it. Nearly all of the cloud-based accounting

software platforms out there will have a section on their website with a long list of video

tutorials and instructions to show you how to do particular tasks.


So there you have it! The reasons we love cloud accounting software. We hope you have

found this article informative and helpful. If you are going to give cloud accounting software

a try, then enjoy! We hope it helps to maximise the efficiency of your business.