There are lots of things that make cloud accounting great and exceptional.
Not only does it offer convenience, ease of use, reliability, security, scalability, and overall growth, but business owners also seem to be drawn to the concept of its digitization and surefire functions to help propel the business to greater heights.
With very little effort in training, cloud accounting can literally shave off hours in a week’s workload, removing mundane tasks like transaction entry and categorization.
Cloud accounting, or taking a company’s database of information to the cloud has definitely revolutionized the management of data and storing of information for businesses in both large and small industries alike.
If you are an accountant, the adoption of cloud-based management software can help your career take an exciting turn and allow you to save more time as you do more for some other relevant things like collaborating and strategizing.
Payroll processing for instance or recording expenses is easily done more conveniently with cloud accounting. Additionally, cloud accounting makes the storage of data more accessible, convenient, flexible, safer, and most of all economical.
But as much as business owners continue to appreciate cloud accounting for what it’s worth, there are cloud accounting features that seem to be overlooked and not maximized.
These may seem to be hidden but these features are already present and it is up to you to unlock their full potential.
Make your life easier through cloud-based management software.
Here are some functions that you need to know:
1. Real-Time Inventory Management
Yes, real-time.
Not only can you access financial data but you can also do inventory management in real time with cloud-based management software.
There are a variety of tools your business can utilize for inventory management but there are only a few of those tools that can provide you with real-time information.
You see, by using an online accounting and inventory management solution, you are able to determine what you have on hand as against sales order and inventory estimates.
If you have so much inventory to look after, more critical is to have real-time inventory control.
2. Automatic Conversions of Currency
Businesses have branches, and suppliers from other countries.
Hence, it is imperative to also have fast conversions of currency when needed.
It is time-consuming for accountants and bookkeepers to manually convert currencies and unit measurements.
Time is gold.
With cloud-based management software, these kinds of conversions and translations can be handled easily utilizing real-time exchange rates or perhaps some fixed formula of conversion.
3. Online back-ups
The fear of losing financial data is real.
There is data theft and so many digital scams going on.
Then there is the technical side which you have no control over.
What if there is a hardware failure?
What about a power surge?
Or a dreaded virus that can wipe out critical data?
Cloud accounting software can take away that stress completely because cloud accounting allows automated daily online backups which are performed through an encrypted connection.
It continually runs in the background and keeps you safe.
Well, you might just assume this is a given feature but yes, it is there and always there if you ever need the backup.
There is no need to even ask!
Cloud accounting provides the information you need as easily when you log in.
It can even be sent to your email or even text.
Cloud accounting software allows you to do just that, with specifications that permit you to request the kind of reports that you want to specifically receive and even tailor-fit to the time you want it delivered.
Do you want to be notified when balances are at a crucial level, or perhaps you want to see what the profits look like month-to-date?
With just a few clicks, you are certain that you will never miss another important financial data with cloud accounting.
Figure out what you need to know and let cloud-based management software handle the rest.
5. Access Anywhere, Anytime
Do you feel that you are tied to your desk?
Does it seem like it’s sucking the life out of you?
With cloud accounting, you need not be deskbound because you can access information from wherever you are at any time of the day.
Cloud accounting software puts helpful tools in place and provides much-needed reports for your own immediate use.
If you are finally on the verge of moving to the cloud because you want to make life easier and put an end to digging up old receipts, manually recording transactions, and chasing inventories, then EasyFS is for you.
EasyFS has so much more to offer your business, and you will end up loving the cloud accounting features.
Integrated System of Sales, Inventory, and Accounting
EasyFS provides innovative bookkeeping services by helping you eliminate duplicate manual work by encoding transactions one single time and the system will do all the postings of all reports in Sales, Inventory, and Financials.
Multi-Currency
Generally Accepted Accounting Principles (GAAP) has never been easy with EasyFS automatic journal entries.
It automatically computes the gains and losses due to Foreign Exchange Transactions that normally occur in these types of international business activities.
Multi-Branch
EasyFS seamlessly manages and monitors both your Inventory and Sales in various locations.
With this feature, you are able to check your real-time available Inventory among all your branches and can take advantage of transferring stocks from one branch to another.
Multi-Language
EasyFS has a multi-language feature enabling users to easily understand words that may be different from other countries but with the same functionality and meaning on their own.
Make your life easier through cloud accounting by EasyFS.
For a free demo, check out: https://human-incubator.com/easy-fis/
