Technology has revolutionized various industries, accounting is no exception. More and more companies are seeing the benefits of using a cloud-based system to update their books and keep them secure. However, some clients still have apprehensions and doubts about shifting to the cloud.

 

Here are some of the things your client needs to know about cloud based accounting software.

 

Real-Time Updating

Small business owners need quick access to data so they can make decisions faster, regardless of the time and place. With cloud-based accounting, you can get an overview of your financial situation quickly. You can also identify errors and rectify them in real-time such as during a presentation, meeting or strategy implementation.

 

Easy Accessibility

Cloud-based systems make communication, correction and access easy and simple. Once you upload your data to the cloud, you can access it whenever you need to and wherever you may be. Your team can use their mobile devices, laptops or any device with Internet connection to access the financial information.

 

Automation of Processes

Manual bookkeeping and tasks are tedious and time consuming. You’re better off using that time and resources on work that is profitable. Cloud systems allow you to automate processes. This reduces wasted time and improves efficiency. Efficient processes make your team more productive and focused. This allows your company to grow, and satisfy the needs and wants of your customers.

 

Scalable Business Growth

Your needs as a business changes as your company grows. With cloud technology, you can scale the services and tasks you need. For example, you start with a maximum of 50 accounting transactions per month. If you get more clients and fulfill 200 transactions per month, you can upgrade your software to meet this need.

 

Secure Data

Cloud based accounting software is secure; you can store your financial or other types of data without fear of losing them. Use authentication tools at your disposal to allow selected personnel to access the data. The data centers are located in different places to ensure safety and access, if a problem arises in one location.

 

Paperless Storage

You don’t have to buy file cabinets and use paper documents for bookkeeping and other tasks. Cloud technology creates a paperless environment in your office. You not only save money, but do your part in conserving the environment.

 

These are some of the things you tell a client that doubts cloud-based technology or think that using it is expensive. Cloud accounting for small business owners has many benefits that make it a good value investment. If you need assistance setting up a cloud-based bookkeeping system or in need of virtual bookkeepers, contact us at Robookkeeper.