What Is Cloud Accounting? Is It Right For Your Business?

Cloud accounting is a relatively new concept that leverages the power of cloud or SaaS-based accounting software, ERP systems, and virtual accounting services to run business operations in a cloud-based environment.

This is different than most accounting software like Quickbooks desktop, which is software that is installed on a laptop, desktop, or on a server in an office.

Cloud software is accessible through a web browser and doesn’t require all the complex hardware and security software to access.

Here are a few of the benefits and example software systems used to deliver cloud accounting solutions in today’s virtual environment:

Benefits of Cloud Accounting

• Gain financial freedom with cloud accounting – Access your accounting and business online, anytime. Customized solutions and workflow combined with training and ongoing services to ensure that systems are always up to date and reliable.

• Scale your finances quickly – Scaling your business is a lot easier when you have the right foundation, resources and team to help you. A good cloud accounting firm will advise you on solutions and processes to overcome bottlenecks and allow you to focus on growing your business.

• Real time reports means real time advice and decisions – A customized, automated system with the appropriate setup and support involved to maintain it is what allows us to provide the real value. That value is pro-active tax sessions, meaningful reporting, business meetings and planning, and your ability to receive advice and make key business decisions whenever you need to no matter where you are.

Here are some of the TOP cloud accounting tools that small businesses use today to streamline their finance, accounting, and reporting functions