The Benefits Of Cloud Computing And Cloud Accounting
Building upon a firm foundation of cloud computing, Xero and other providers have now developed services that allow small and medium sized businesses to take advantage of the speed, security, portability and cost savings that were once only available to larger groups. Here is a list of benefits that cloud computing and cloud accounting can provide you. 1. A Reduction in Cost. Keeping up with your books in the cloud allows you to save money in several ways. First, you no longer have to buy an expensive program and annual license fees for each copy of accounting software that you would have used. Cloud accounting allows you to pay a small monthly fee to access and store your information online. You also no longer have the expense of having to upgrade your computer hardware in order to run the program, as most cloud accounting platforms will run in your browser window on a wide variety of platforms: from traditional desktops and laptops to tablets and smartphones. There is also additional savings from lower IT expenses, as you do not have to pay a specialist to download, upgrade and troubleshoot your accounting software. 2. Ease of Use. Cloud accounting services are simple for both...
Read MoreWelcome to the Cloud – An Introduction to Cloud Accounting
Has fear of the unknown prevented you from adopting cloud accounting? If so, you are not alone. Despite the promises of increased speed, cost savings and ease of use, some owners remain reluctant to trust their bookkeeping and finances to the cloud. This is largely due to a few misconceptions about what overall cloud computing and actual cloud accounting entails. Myths About Cloud Computing and Cloud Accounting The most persistent myths surrounding cloud accounting involve concerns that the technology is “new” and therefore unreliable. Others worry that the data cannot be secured, that performance is unstable, or that the owner will lose freedom of choice and other control over their information. The results experienced by organisations of all sizes that have adopted cloud services, however, shows each of these beliefs to be mostly false. Cloud computing actually isn’t a new service, as it has been around in some form since the 1950s. During this time period, governments, universities and other large organisations did not actually own their computer hardware but rented the use of time, in the form of “timeshares,” on mainframe computers. In the 1990s, cloud computing and accounting in the cloud really began to come into its...
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"Sophie is so professional – careful, attentive and punctual – she has made managing my accounts not just easier, but a whole lot less stressful" Fast Ed, TV Chef from Better Homes & Gardens.
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