Cloud Accounting Overview
Author: Duncan Warnock CPA | February, 2014
We work with the leading cloud based accounting software programs to provide accounting services, support and training to our clients.
You may ask – why use the cloud based software? Cloud based software can be the perfect fit for small to medium-sized businesses. They key features of cloud based accounting solutions include:
- automatic bank account feeds
- available anytime, anywhere you’re online on different devices (office, home, overseas, café etc.)
- accounts payable and receivables
- expense claims
- fixed asset depreciation
- standard business and management reporting
You will save time by cutting out data entry; after linking your business bank accounts the transactions will automatically be imported. Once the imported bank transactions (payments and receipts) are imported they can be allocated to the correct general ledger account.
Convenience & flexibility!
Desktop based accounting software solutions are computer specific which can cause inconvenience and confusion in terms of back-ups and versions of data files. With online based accounting software you can access the information from any computer or compatible mobile device with an internet connection.
You don’t need to be an accountant to use cloud based solutions. We can set up your business on the accounting software and guide you through the software program. We can provide additional training as needed. This process will help you gain a better understanding of your company’s performance and financial position. General training and tutorial videos are also available.