Here at SortMyBooks we are passionate about our products. It is for this reason we have decided to create this infographic to help others understand a little bit more about what we do. Our infographic focuses on the benefits of cloud accounting as a whole and distinguishes it from the traditional approach. We hope you enjoy our infographic and as always, please feel free to share it as often as you like.
Cloud accounting benefits greatly from its ease of access. Cloud accounting excels beyond the more traditional approach in that it can be accessed anywhere, anytime, 24/7. This means that you can be miles away from any office environment but still have access to and make changes or updates to important accounts information, provided you have access to the Internet.
Real Time Data
With cloud accounting, your accounts are updated in real time. This allows the user to quickly log in and gather up to date accurate data at the click of a button. It may also prevent the user from making costly errors based on outdated figures.
Cloud accounting software just like any other piece of software has a learning curve. However, most cloud accounting software nowadays is designed with the user in mind. Most applications provide tutorials and easy to use guides to enable users to make the best of their software.
Another helpful feature associated with the majority of cloud accounting software’s online is automatic backups. This feature ensures that a backup of your important financial figures is taking regularly to avoid any loss of data. This feature is very important and provides the user with peace of mind.
Cloud accounting makes it easier than ever to share your financial records with others. Most software’s on the market today allow for multiple user accounts. This makes sharing data easy, secure and cost effective.
With cloud accounting you have nothing to install, and nothing to download. All of your accounts are stored within the cloud. This saves you money on IT and set up costs and also saves you on costly upgrades.
Finally, cloud accounting is easily integrated with other software applications that allow you to streamline your workflow.
It is clear that cloud accounting is the way forward for both accountancy firms and businesses alike. Studies have shown that the uptake of cloud accounting is increasing year after year. In a recent survey, 82% of companies reportedly saved money by moving to the cloud. A further 80% of adopters saw improvements within the first 6 months.
With benefits such as those highlighted above, it is no wonder the rate of uptake has been so high. It is only a matter of time before traditional accounting is phased out so don’t be left in the dark, make the switch now and save.