The Advantages of Cloud-Based Accounting Solutions

Cloud Based Accounting Systems Edgar and Edgar CPAGet your head out of the clouds and your data in.

As more and more traditional accounting software companies move their product to the cloud, the question may arise: “Should my business be using cloud-based accounting?”  Although it may not be the best choice for every situation, there are many advantages to online, cloud-based accounting to consider.

SECURITY

One of the top concerns a consumer may have is the security of their data.  Typically, data stored off-site is actually more secure than if it were on a computer in your office.  All of the major developers provide robust security to thwart unauthorized access of your data; this means that the theft of an office computer won’t compromise your financial information.

ACCESSABILITY

Most cloud-based accounting systems can be accessed with a web browser and an internet connection; in fact, many can be accessed with an app on your mobile phone.  This means on-the-go access to your accounting system from outside the office, 24-7.

NO SOFTWARE TO INSTALL

Since the system is online, you’ll never worry about having out-of-date software.  This also means you never need to pay for a separate upgrade; you always have the most current version.  This can be particularly helpful when there are many computers to update.

DATA BACKUP

With cloud-based systems, your data is backed up automatically; there’s no need to do your own manual backups.  Also, in the case of fire or theft, your data is off-site, safe and sound.

Depending on your specific situation, moving your business to a cloud-based accounting system might be worth considering.  For more information, and for examples of some popular cloud-based accounting systems, go to www.intacct.com, www.xero.com, or www.quickbooks.intuit.com/online.  It’s important to find the right system for your business.  Contact us today for a free consultation.

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