One of the most exciting changes in the accounting industry is cloud accounting. Cloud accounting is a general term for several types of accounting solutions, all of which have in common one thing: The accounting system is accessible via a remote server that is connected to the internet, but in a private, secure space that only authorized users can access.
In the past, accounting systems software programs such as Intuit QuickBooks® have been located on a small business owner’s own private PC or a private server within the small business. This allowed one or more employees within the same physical location access to the accounting software. Access to a “desktop accounting system” was limited, especially if the small business added additional business locations and/or needed outside consultants such as bookkeepers, tax preparers, or auditors to be able to access the system.
Cloud accounting solves the limited access problem because you can access a cloud accounting system via an Internet browser or a remote desktop connection that accesses the system through a private connection.
Here are the reasons many small businesses are moving to the cloud.
1. Anywhere, anytime access to your accounting system.
As our workforce becomes more mobile, cloud accounting provides a tremendous convenience by allowing users to access the accounting system from any computer connected to the internet.
2. Access via all different kinds of computers and devices
3. No more software updates or version upgrades
4. Tighter security
Yes, that’s right. Your data is more secure in cloud accounting than it is on your PC. That’s because the data centers that provide cloud accounting strict security procedures. Some of the security features include:
5. Built-in offsite backup
6. No more file version errors
The costs of a cloud accounting solution will vary depending on the following factors:
Some accountants will include your software, hosting, and other technology requirements in a comprehensive price that includes bookkeeping, payroll, controller review, and tax compliance. In these cases, the accountant will likely deal with the cloud accounting vendor and you will not have to manage that relationship. In other cases, the accountant may simply pass on some references to you and leave you to work with the vendor directly.
Our bookkeeping services may be a good fit if:
It’s easy! We’re friendly, knowledgeable, experienced, and love numbers and deadlines! And we can get started in three easy steps:
In no time, your books will be sparkling clean and you’ll have peace of mind. We look forward to hearing from you soon!