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  • Carol Kostachuk

Why Switch to Cloud Accounting?

Updated: Jan 8


123rf.com, melpomin 43317927, Cloud-based Accounting
Choose the security of cloud-based accounting.

Streamline the Financial Process


In particular small to medium businesses should be considering using Cloud accounting software to manage their finances. Individuals, & non-business owners, can also benefit

from using cloud-based applications to run and monitor their daily, monthly and annual budgets. With cloud based software, business owners can access financial information anywhere with an internet connection, this means team members can work remotely or on the go without sacrificing their ability to stay on top of financial task


Cloud-based accounting systems offer businesses a streamlined process. Clear the clutter of a barrage of spreadsheets, paper reports, shelves of file folders and years of financial debris. Look to cloud accounting for a singular secure place to hold all financial transactions, cash-flow reports, receipts and invoices, and budgeting software.

Cloud accounting provides easy access to a dashboard that holds all the imperative numbers upfront, to further to the ease of access is the ability for the entire team to collaborate in one place. Cloud-based accounting offers bookkeepers and accountants the ability to easily complete regular financial health checks and provide up to date reports to the CFO, the company owner, and others who may need, this applies to reports that are both scheduled and those that may be required on the spot.


To run a business effectively, business owners and management need access to reports. A stream-lined automated data machine, like a cloud-based accounting system, can provide executives with access to reports quickly, mitigating the need to increase staff time and preventing the human errors caused in rushed work. The report provides the necessary numbers to make split business decisions on the spot with confidence.


A Tailored System


Cloud-based accounting systems can be tailored to the company working with them. This means that businesses are only paying for the functionality they need and no more. This is a benefit to startups and small businesses that do not have the staff or overhead to warrant a larger accounting plan, while the benefit to larger businesses is the cost-effectiveness of streamlining the process for staff and contractors. A better operating system can decrease staff overtime, or owner overtime, and decrease bookkeeping and accounting fees over the fiscal year.


Increased Security


More than any other reason, reinforced security is why small businesses and large corporations alike are turning to cloud-based accounting systems. Modern technology has bred hackers and computer viruses that the average person or business cannot manage on their own.


Cloud-based accounting companies spend billions on the most up-to-date in-system and data security. These top of the line security systems protect all companies that take advantage of cloud-based accounting plans. This is an expense which most businesses can not afford to take on by themselves, and a benefit that helps owners run their companies undaunted.

 

For more information on cloud-based accounting or bookkeeping assistance, contact

Carol On Call Business Solution Ltd. With over 30 years of experience in bookkeeping, and

now full certification as an Advanced Certified QuickBooks Online ProAdvisor, Carol and her team can provide advice and services to help manage your books in the cloud with honesty and integrity. Call today 604-838-0556 or email Carol@CarolOnCall.com.


 

Keywords: Carol on Call, Cloud-based accounting, bookkeeping, accounting services, business financials, secure systems, office assistance


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