Adviser – Cloud Accounting
As long as you have an internet connection then cloud-based software allows you to access your data from any device and from anywhere. This means that long gone are the days where you have to set aside time to sit in the office and input your data. Information can be entered from wherever you are, be it out on the road, from the office or at home after tucking the kids into bed. It gives you the flexibility to pay your suppliers, send invoices to your customers and reconcile your bank from wherever you need to be.
Multi-user access allows you to give access to various users. For example, you may want to view your financial information while your bookkeeper could be processing invoices within the software and your accountant is posting year-end adjustments.
There are no large costs to outlay each year, just a monthly subscription for the software, which being cloud-based, instantly gives you the updates as they are released. No more version upgrades, maintenance, administration costs and server failures.
As the name suggests all the data is stored securely in the cloud so no backups are necessary. All this information is in real-time so you have a clear overview of your current financial position.
There really are no disadvantages to using cloud-based accounting software!