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Cloud Accounting

By RonCloudGeek ·
Tags: Cloud, Software
I was suggested by one of my employees to move our company's accounting function to the cloud. I am not sure why this is a good idea, but I would like to learn more. Could someone please elaborate on why cloud accounting could be beneficial for my company?

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It significantly helps CPA`s and Bookkeepers

by Dianadickson001 In reply to Cloud Accounting

Cloud accounting serves quick and easily manageable accounting methods to your table.

Time saving, Flexibility to work, Reduce decision making time and affordable pricing are some of the benefits that most of the accountants get through cloud accounting.


Regards,
Diana

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Good choice

by help1563898615 In reply to Cloud Accounting

Yes, You have received a good piece of advice. Moving your accounting to the cloud is a great idea. I mean, you get 24/7 access to your accounting data and files, have your data backed up automatically, always get the latest edition of the software, and are just a call away from prompt customer service. Personally, I would say go for it. It will save you time and money.link removed by moderator

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Cloud Accounting

by Abram1 In reply to Cloud Accounting

Great advice. There are many benefits of Cloud Accounting:
Reduce Infrastructure and IT person cost
Bank level security
Anywhere, anytime accessibility from any device.
24/7 free technical support
Regular Data Back
99.95% uptime
cost effective solution.
There are many hosting provider available in the market. You can take a free test drive to see the all function of cloud accounting.

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Work on the Go

by biplobindia In reply to Cloud Accounting

Work on Any Device, Any Time, Any Place
Open Multiple company and branches
Document Management System
Third Party Apps Integration
SMS & Email Notification
E-Invoicing
Auto Filing of Tax Returns

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cloud accounting

by deborasumopayroll In reply to Cloud Accounting

Cloud accounting (or online accounting) has all the same functionality as desktop accounting, but moves the whole process to the cloud and expands upon it. There's no desktop application – you log in to an always-up-to-date online solution and all data is safely stored on a cloud server.

The cloud solution has reduced or eliminated redundant, time-consuming work that — let's face it — is the bane of most businesses. Mostly, cloud accounting allows greater access to real-time data, which increases engagement with businesses' financials and assists in making decisions.

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Benefits of Cloud Accounting

by Bhavleenkr16 In reply to Cloud Accounting

Hi,

To answer your doubts, I, personally find cloud accounting one of the best solutions to work with.

Cloud accounting offers you the required flexibility and mobility to accomplish any task, which traditional methods can not provide.

You get following benefits with it:
- Remote access to the business data
- Multi-user collaboration on same projects/ files
- Scalable resources as per the demand
- Enhanced Security measures to protect information
- Flexible pricing plans

Hope my answer offers you some clarity on the topic.

Thank you.

Promotional link removed by moderator.

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Re: cloud

by Kees_B Moderator In reply to Benefits of Cloud Account ...

- Remote access to the business data is only an advantage if you don't work at the office, but at home without a VPN connection to the business network.
- Multi-user collaboration on same projects/files doesn't seem very relevant for accounting, and it might very well be possible that it's also possible on the company network.
- The resources needed for accounting tend to be rather stable, so the scalability of resources isn't relevant.
- For the security: are you implying that the OP's company has bad security?
- Flexibility of pricing is hardly relevant for a continuous process like accounting.

Finally, what typical accounting tasks aren't possible with traditional methods, like running the financial system in your own data center?

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cloud accounting

by deborasumopayroll In reply to Cloud Accounting

Cloud accounting (or online accounting) has all the same functionality as desktop accounting, but moves the whole process to the cloud and expands upon it. There's no desktop application – you log in to an always-up-to-date online solution and all data is safely stored on a cloud server.
The Benefits of Cloud Accounting
Mobile access at any time.
A cost and time-effective solution.
Watertight security and no time-consuming back-ups.
Share and collaborate with ease.
Reduces paperwork and is more sustainable.
Better control of your financial processes.

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Cloud accounting software

by jaceytome In reply to Cloud Accounting

Cloud accounting software. Cloud accounting (or online accounting) has all the same functionality as desktop accounting, but moves the whole process to the cloud and expands upon it. There's no desktop application – you log in to an always-up-to-date online solution and all data is safely stored on a cloud server.

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