To many, cloud technology is not new and yet many businesses today continue to dabble in it, even doubt it for a variety of reasons: complexity, data control, security and just plainly the psychology of humans trying to deny something new because of the strong connection to the old.
But Covid 19 has changed the course of things.
It has undeniably created an unprecedented turn of events limiting everything and putting all in a standstill.
Most businesses have had a powerful wake-up call of the importance of technology and automation and making sure that systems in place are resilient, adaptable, agile and scalable.
Accounting systems need to be dependable in situations like these and it is imperative for companies to be prepared for whatever comes next.
Is your accounting system technologically ready?
Accounting using cloud accounting software offers the assurance of greater efficiency, accelerated adaptability, and strengthened competitive advantage.
Accounting in the cloud will not only push for more technological growth but it will also be the main driver for business innovation.
To be able to survive and stay on top, cloud accounting software is the end-game.
It is essential to revolutionize the efficiency of your bookkeeping, provide a real time view of your financial status and streamline your financial management and administration.
With many varying features and services being offered, how do you know which one is right for you?
What are the core benefits of an online accounting software?
Recording income and expenses as well as doing double-entry accounting has been practiced centuries ago and it has stood the test of time.
Why shift to cloud accounting software?
Because there is no other practical way to access unlimited data over a period of time, anywhere and anytime for as long as there is internet connection.
Prior to the cloud, most accounting software were desktop-based and software updates were constant and the need for back-up was critical.
Cloud accounting software still provides the same functionality as the accounting done in desktops but the whole process is migrated to the cloud and its all-encompassing functions.
During the height of the pandemic, work from home set-ups were encouraged.
Going to the office was a no-no yet tasks had to be performed without fail.
With cloud accounting software, it was easy and systematic to access all data from the comforts of home and just the touch of the button even with the lockdown.
With no desktop application, logging in from at home or from anywhere is a breeze.
Most cloud accounting softwares have a third party provider that connects with your system and synergizes all aspects of the business, giving continuous value to the business despite unforeseen events and unexpected factors.
What the future holds is never up to us but it is actually really up to us to prepare.
Moving accounting from desktop and migrating to cloud accounting software may be a herculean task and a huge leap forward but it is through this major decision that makes you ready for what is to come.
The future of accounting may be very pervasive and it is good to start NOW.
How exactly does cloud accounting software prepare you for the future?
Access. Anywhere. Anytime. Anyhow.
Cloud accounting software enables you to access your data from anywhere, 24/7.
All you need is an internet connection, and your browser.
This eradicates the need to work from your office-based desktop.
Access To Information in Real-time.
Keep your information, bookkeeping, and bank reconciliation updated.
The general overview is vital when getting your information regarding cash positioning so that you can plan future expenditures and you can anticipate financial investments and milestone decisions.
Access To the Ecosystem.
There are a plethora of applications that you can utilize that are all part of the cloud ecosystem.
Tools like forecasting applications, invoicing apps, collection apps and others help you save time, reduce costs, and maximize resources.
Access To Banking.
Many online accounting software provide life feeds to your bank accounts, giving you the freedom to link your bank directly to your accounting system.
This hastens bank reconciliation.
Access To The Latest Version.
Cloud accounting software is always using the updated and latest version.
There is no need anymore for costly and time-consuming on-premise software updates.
Just log in to your cloud-based accounting system from anywhere with an internet connection, and voila!
You can start working with confidence, knowing that you are using the latest version of the software.
Access To Security.
With Cloud accounting software, you can provide access to accountants, bank advisors and financial managers safely and securely.
Though times get uncertain, you can be sure to face a certain future with a cloud accounting software that is EasyFS.
It is a Software-as-a-service (SAAS) sales, inventory and Accounting system designed for Micro, Small and Medium (MSME) Enterprises.
If you want to manage your business in real-time and in a WFH Work from Home Setup, EasyFS can provide a turn-key solution to your most common business problems.
It helps you to effectively monitor your sales, to check your real-time inventory, and most importantly, to get real-time financial reports like your income statement, balance sheet, and other reports on the status of your business.
Most importantly, EasyFS is CAS (Computerized Accounting System) compliant ready for government taxation in the Philippines.
For more details, you can see: https://human-incubator.com/easyfs/
