What is cloud accounting?
Cloud accounting is similar in many ways to traditional accounting software. The main difference being cloud accounting software is hosted on remote servers.
The data that is in-putted is sent to the cloud, where it is processed and then sent back to you, with all application functions being performed remotely, not on your desktop.
It is possible to access your accounts from anywhere with an internet access. This means that you don’t have to worry about installing and updating accounting software on each individual computer that you own. All updates to cloud accounting software, when purchased through a subscription, are immediate and have no extra charge, saving you from surprise bills. Being able to access your accounts online means that employees or consultants in other departments and offices can view your accounts easily. This means that you won’t have to send copies of accounts out which can take time and is not always secure. To find out how secure cloud accounting is, click here.
Another benefit of being able to access your accounts online is that you get a real-time view and report of your accounts, meaning you have more information to help make important business decisions. Another benefit to cloud accounting is due to data being uploaded automatically to the cloud accounting software, it results in fewer errors being made compared to traditional, on site accounting, where data is entered manually.
The cloud provider completes all back-ups, updates run automatically and nothing needs to be installed or downloaded onto company computers, saving you the hassle and worry of backing files up.
There are so many benefits to cloud accounting. If you would like to find out more information, please contact us for a free demonstration of cloud accounting software. More information including an intro video is also available on our Cloud Accounting technology page here.
Ad Valorem, your preferred cloud accounting solution provider in Milton Keynes, Harpenden, Northampton and Luton, serving the Buckinghamshire, Northamptonshire and South East region.
Ad Valorem Accountancy Services