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.
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.
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Since the system is online, you’ll never worry about having out-of-date software.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.
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.