A cloud accounting system will make your life so much easier. Let’s look at the 3 common types of accounting systems:
A manual system is cheap; you only have to buy a book (ledger). But that’s a false economy. Manual systems simply take too long. And your time is too valuable. It also takes the accountant more time to produce accounts so you end up with bigger accountancy fees. Manual systems also do not provide that all-important management information for making great business decisions.
Excel and other spreadsheet-based systems are also cheap. And while you can automate some processes (e.g. adding up columns), they take time to set up, you need advanced Excel skills to produce management reports and you can waste hours changing the spreadsheet as your business grows and evolves.
Then there is the old-fashioned desktop system. While these are far better than manual and spreadsheet-based accounting systems they come with a host of hidden costs. Yes, the software can be relatively cheap. But there is a huge hidden cost of customization, implementation, maintaining your hardware to meet the demands of changing software, dealing with (often costly and compulsory) software upgrades, security, scheduling back up routines and restoring data when things go wrong.
When we both work online together, we will both have access to everything the cloud has to offer, along with all the benefits that come with it, including:
Create a quote, email an invoice, and record an expense – anytime, anywhere. Using just an internet connection and a browser, colleagues on different continents and in different time zones can work together on the same project.
We can Collaborate in real time with all team members to speed up the rate of
work and make smarter and faster decisions. Plus, cloud computing saves time on
Always Backed Up and Secure
One of the most significant aspect of cloud accounting is the assurance that
your company data is always secure and always backed up. All receipts and pertinent information can be attached to transactions and saved securely.
Reduced Capital Expenditure
System upgrades are a thing of the past! In the cloud, software automatically
upgrades so your clients are always up−to−date and using the newest version.
Improved Agility & Productivity
Cloud technology will allow you to spend more time on your business and
less time dealing with administration and data entry. By working together you will have updated, accurate, and secure access to your financial information.
We use Quickbooks Online exclusively and can provide wholesale pricing for you to keep costs down.
We help you leverage the power of QuickBooks while you focus on your business.
We utilize 3rd party tools such as Receipt Bank and Hubdoc to automatically fetch statement and/or digitally capture receipts. This eliminates the need to manually touch the paper receipts.
Another added benefit is that your bookkeeping gets closer and closer to providing real time information on all the financial areas of your business.
Check out the introductory video on both of these awesome apps: Click Here