This blog post was made and written by our panel of IRD tax agents. Like this post? Please share with your fellow Kiwi so we can help them out!
The Benefits of Cloud Accounting
Firstly, what is Cloud Accounting?
In layman's terms, cloud accounting simply means online accounting where the software and your data is stored in the cloud. Quite similar to internet banking or any email service like Gmail, Hotmail or Yahoo. If you're familiar with these, then you have already experienced cloud computing.
Benefits of cloud accounting are abundant, let's compare it with the traditional methods used eons ago.
Reasons Why Some People Are Afraid To Adopt Cloud Accounting
Despite the benefits, many people are still concerned about moving to cloud accounting. The main barriers to adoption are security, confidence in vendors, lack of control over contracts and difficulty in usage. But are these concerns valid?
1. Security Concerns
Most cloud accounting offers a level of security that is on a par with major banks, keeping your data safe.
2. Vendor Confidence
Cloud computing users say they're happy with their overall experience. Use free trials to find the vendor that is right for you and your business.
3. Ease of Use
Cloud accounting is simple to setup and use - the best services offer free online and telephone support to help you.
4. Long-Term Contracts
Many of the top service providers offer free trials and pay monthly services, meaning there's no need to be locked into a contract.
More and more business owners are turning to cloud accounting software to manage their business’s finances. If you haven’t yet tried it yet, it’s time to take the next step in receiving secure, inexpensive remote access to your account.
Hiring an accountant can greatly boost your company's growth as it provides relief with a sense of comfort and calm; allowing you to do things you love, or space to think about expanding your work.
So why don’t you sign up with us so we can understand your business profile, and we can talk then.
“We got great suggestions on how to get the most from our tax savings. I'm glad we made the decision to go with Accounting4Me.”Hannah