How Cloud-Based Accounting can Benefit your Business
by Nihar Kothari | OCT 15, 2019
Would you have been interested in a “cloud based” accounting application only a few years ago? Probably not. Majority of small business owners are still trying to wrap their heads around the traditional accounting system wherein you hire an accountant on a payroll rather than a scary thought of outsourcing the accounting and trusting someone with your most critical financial data outside the company.
"Consistency requires you to be as ignorant today as you were a year ago."- Bernard Berenson
The very fact that you’re reading this article marks a milestone. Cloud Accountants have been at the forefront of this change for years now and here at Affiniax Partners, we get it!
Cloud accounting services are software stored and accessed online, making them an attractive option for small business owners. Many small business owners are taking notice, particularly because of their benefits.
The benefits are many, including:
- Access from anywhere;
- Integration with other popular third party cloud applications and banking software;
- Better backup, quicker bug fixes, immediate access to upgrades;
- And, let’s face it: better security. But with so many threats today, many business owners are reluctantly agreeing that their financial data is probably better secured by a cloud provider whose business model is reliant on security than on their own server that’s looked after maybe once a month by their local IT guy.
Various cloud accounting softwares that we work on include QuickBooks, Online, Xero, Cheqbook, Kashoo, Wave, Zoho Books, and FreshBooks.
We live for the online world and by using current software in the cloud we can provide efficient advice to you. We can advise on these systems to create efficiencies in your business too. We assist businesses from the start up stage right through to more established business looking at more regular advice and strategic planning.
We have found that our clients who have regular contact with the team through reporting and analysis, are giving themselves a better chance to grow and are receiving great results.
Get in touch with us to see how we can help!