Remember the good old days of shoving your tax receipts into a shoebox? Well, the reality is that was never the good old way. Cloud technology has taken over every aspect of our lives because it is an invisible entity that houses pretty much all of our memories, financial information, everything. It would only make sense that you would want to hire accounting services in Charleston to hop on the cloud accounting bandwagon now. These are just some of the advantages of switching to the cloud!
Mobile Access at Your Fingertips
Cloud accounting allows you to access your financial information at any time and from anywhere. Business owners can take it on the go instead of hiring someone to be the gatekeeper who piece-meals information when you are away from the office. When you use cloud software, your data is available not just to you, but to anyone in your organization who needs it. And the data is stored and safely encrypted so all you need is an internet connection. You can see your financial health any time you want or need to.
Cloud Accounting is a Cost and Time Effective Solution
Why hire someone in-office and full-time to be your IT guy to manage your financial information via software? When you switch to cloud accounting, you don’t have to invest in the software or maintenance, which eliminates the cost of hiring someone in-house. There are no costs to accessing your financials via the cloud; you can approve payments, send invoices, and pretty much do all of your financial stuff yourself without the assistance of a computer specialist – promptly and at a price that is a fraction of hiring an IT specialist.
No Back-Ups Needed
How many times have you heard – or told – the nightmare story of how everything was lost because it wasn’t backed up? When you have a cloud system, you don’t have to worry about whether or not you have it all backed up and current. Also, there is no need to be concerned with system updates. When you log in to your cloud accounting, you can rest assured that you are always presented with the latest information and version of the software without any work on your part. Things like tax rates and returns are all automatically updated so you can stay compliant. It is also one of the most secure ways to shelter your financial information because it is no longer sitting dormant on a physical server that someone can access on your hard drive. It is all encrypted and ready to be used by ONLY those with the credentials to do so.
Sharing and Collaboration with Team Members
In a world that is often remote, it can be difficult logistically to get everyone in the same spot. The old approach to accounting software meant that only one person could access the information physically from a hard drive. When you use a cloud-based accounting system, anyone who needs access can gain it from wherever they are. This approach encourages collaboration between team members who have opinions to give.
It’s a Greener Way to Go!
Cloud-based accounting is a greener way to go. You no longer need papers to pass around the organization to update everyone about a company’s financials. Online accounting reduces your reliance on paper and cuts down on things like the billing costs of invoicing people via snail mail. It also expedites and makes it easier for your clients to pay their tab. When it’s possible, green is always the way to go.
If you are one of the many small businesses doing things the old-fashioned way, it is time to quit! You can’t stop progress from happening, but you can benefit from the many ways that cloud-based accounting simplifies your life and the time and resources you are spending doing things the old way. At Current Accounting, we offer accounting services in Charleston that use cloud-based options. Contact us today and throw out the shoebox – it is just taking up space and making a mess all the way around!