Five Reasons Why Working in the Cloud can be a Smart Idea

You can access your company information from wherever you are in the world. Whether you’re travelling interstate or overseas, on a bus or in a boat, you can always log on and view your accounts.

You can sleep easy knowing your data is almost certainly more secure than it would be in your office. If your backup systems tend to be a little scrappy, then storing data in the cloud is a perfect solution. Most cloud software providers invest far more into their data security than any business will on their own.

Working with your accountant is much easier. Instead of having to make a copy of your company file and sending this to your accountant, you can simply invite your accountant to work online on your accounts.

More than one person can work on your accounts at one time. Of course, you don’t have to store your data in the cloud in order for more than one person to work on your accounts, but cloud-accounting solutions often work out cheaper and are easier to get up and running than multi-user desktop accounting solutions.

Potentially, you can save heaps of time. Bank feeds combined with bank rules mean that you reduce time spent doing data entry. (Note: While bank feeds and rules are part and parcel of almost any cloud-accounting solution, you can get these features with some desktop-based accounting solutions also.)