Cloud Accounting Advantages

If you’re tempted to switch to a cloud accounting application, but you’re afraid you’ll regret it, this article is for you. Let’s briefly review the advantages of a cloud accounting application.

  1. Accessibility – desktop applications require licensing for each device on which you wish to use them. Then there’s the hassle of data transfer or access from more than one device. Cloud accounting eliminates all these problems.
  2. Operating System (OS) Compatilibity – cloud-based accounting applications accessed through an internet browser will run on any OS, independent of whichever OS you’ve chosen to use.
  3. Usability – Cloud accounting applications have a shorter learning curve and are more user-friendly. Computer-proficient staff will easily adapt.
  4. User management – Cloud accounting applications allow multiple users to collaborate on the same files simultaneously. Different levels of access (permissions) can be assigned to different users. This means you can control which parts of your accounting app each user can access, plus what changes they’re enabled to make to your data.
  5. Security – the two largest cloud accounting applications, QuickBooks Online (QBO) and Xero, both utilize 256-bit, bank-level, military-grade encryption.
  6. Support and backup – Cloud accounting applications typically offer free support via phone, chat, and/or email, depending on your subscription level. Your data is back up in multiple locations. And the provider handles all software updates and server maintenance.

Most cloud accounting applications offer free trials, as well as free tutorials and demos. If you’re even remotely considering the switch, I encourage you to investigate these further.

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Posted in Business Management.