What is cloud accounting?
The term cloud accounting or cloud-based accounting refers to accounting software which is accessed and stored online, rather than the traditional desktop applications which are stored on the hard drive. Data is available in real time, meaning that you can access your accounts from any location, on any device which has internet access.
What are the benefits of cloud accounting?
Cloud accounting is becoming more popular and it’s something that we actively encourage our clients to consider.
As an Outsourced Finance Department, we believe that this innovative approach to accounting enables our clients to work more efficiently with us.
We’re proud to be listed as a ‘Gold Partner’ with Xero, award-winning accounting software for small sized businesses. Our clients can share access with us so they can keep an eye on their accounts, while we do the work.
With traditional accounting, you may have to download additional software to keep it updated. Cloud-based accounting means that regular updates are installed easily and without any additional effort on your part.
Your data is encrypted and stored in several locations online so that your money is safe and secure.
I am so fortunate to have Matt and his team taking care of my accounts. I have seen several accountants in the past but these guys are amazing. They enabled me to work via Xero and they value our working relationship. Their insights allow me to make financial decisions based on good clear reporting. I can manage my cash flow and feel up to date with my accounts so I basically know where I am financially.
Becky, New Leaf Workplace Wellbeing