Cloud Power: 7 reasons cloud-based Accounting will improve your business & save you time.

20 Oct

Written By Steve

There has been a significant shift in businesses moving their Accounts from a paper-based or desktop approach towards cloud-based accounting systems.

The early adopters of the cloud tended to be online businesses who sell their products or services via the internet (their website, webstore or social media page like Facebook or Instagram).

Now, however, most businesses see the benefits of cloud accounting & are much more comfortable with its security. Many have already (or are in the process of) moving their Accounts to the Cloud.

So what are the benefits for you?

Look forward instead of back - Understand the financial situation of your business now rather than having to go through all your accounts over the past quarter or year to work it out.
Everyone’s on the same page - The data that we both see is live which helps with communication and mutual understanding.
At your fingertips - You have access to job costing, time tracking, receipt/expense tracking, inventory management, fixed assets and payroll all at the touch of a few buttons (even on your phone!).
Real-time numbers - The ability to see your financial data in real time anywhere and anytime you have an internet connection.
Save time! - We can get access to your financial information to do your accounts without you having to pull all the information together and send it to us. That is a lot of time that you will save, not to mention all the paper!
Useful insight - It will enable us to gain a more insightful and realistic understanding of your business
Security - Xero has world-class security that will safely store your data (three layers of security, including a two step authentication and access to your data controlled by you). Xero also agrees to keep all private information for your use only.