The Many Ways Your Business Can Benefit From Offshore Accounting
Accounting is an important aspect of every company. Companies must keep track…
Through the years, our trusted yet rustic desktop accounting system has proven to be dependable.
But cloud accounting software now offers all the functionality, usability, and dependability that our traditional method can do, and even more.
With a wide range of other reliable benefits cloud accounting offers , why settle with the almost obsolete traditional system?
If your business is searching for a more efficient method to manage its accounting system, then you should be able to modernize your financial affairs with cloud-based management software.
Cloud-based management software has taken the world by storm.
Many businesses have stored their applications and data in cloud-based management software to make it safer, more convenient, and more efficient.
Based on the report from Siliconangle.com, more than 60% of businesses worldwide utilize cloud technology.
The number of organizations is increasing and has significantly grown in number.
Did you wonder why cloud accounting has become a prerequisite to businesses globally?
With the rising pressure on businesses to be stronger, leaner, and more efficient, the ability to know your financial health is more critical than ever.
Thus, cloud accounting becomes useful to an even greater extent.
Cloud accounting software brings a range of benefits, like ensuring authorized users access updated and real-time data, and accurate accounting information from home or even while traveling.
There is actually some cloud accounting software that also gives other functionalities, like intricate automation of accounting processes.
Here are six reasons for notably thinking of moving to cloud accounting:
Why choose the hard way?
The best part of having cloud-based management software is the ease it provides to people who have encountered it the first time, to easily get started.
It does not need any rigorous training or know-how of being a techie.
There are systems that need a certain amount of training but for cloud accounting software, if you know how to use your social media platforms then you are ready!
Cloud-based accounting software provides access from wherever you are and from any part of the world, given that you have a reliable internet connection.
Another easy thing about it is that you are able to access important data from multiple devices at the same time given a mobile phone, laptop, or tablet.
Whether you are in the conference room, basement, mall, or living room in your house – you can have access to all your information right at your fingertips.
There’s no need to connect or link to your server in the office.
Installing cloud-based management software to your business does not hurt your pocket at all.
There is no need to purchase new servers, pay for additional installation costs, or to buy additional storage.
At the same time, the majority of vendors provide very good customer experience and technical support to the buyers.
Therefore, it is a cost-effective way in modernizing your accounting systems.
When using the old way, there was such a limitation in access that made it difficult to collaborate and work together seamlessly.
Sharing data with colleagues was a challenge but with cloud accounting software, sharing data is straightforward and easy.
The USB is no longer the star of the show but the cloud accounting software is now your prized possession.
When you use cloud-based management software, your accounts and records are all saved and backed up with highly secured levels of encryption.
There are several methods such as data segregation, SSL certificates that are used by vendors to safely keep and secure customers’ information.
If there are emergency cases like your laptop being stolen or lost, all you have to do is login from your account and you can deactivate or perhaps change the password to protect your data.
Aside from being cost-effective, cloud-based management software systems are also low on maintenance.
You don’t need a swarm of IT staff to monitor issues on the software because the vendors take care of any issues or requirements such as version upgrades and anomalies in the online cloud-based management software.
Using cloud accounting can be more environment-friendly.
With traditional accounting, having tons of paperwork, data entry, and financial administration is very time-consuming.
Printouts and hard copies are needed and this is slow, very ineffective and most definitely bad for the environment.
With cloud accounting, you can significantly reduce your reliance on paperwork.
And because your data is all digitized and stored in the cloud, there is no longer a requirement to keep the original documents, therefore, saving space and minimizing storage costs.
Today, more and more organizations are rooting for cross-functional and decentralized teams.
They are building teams with a combination of local, remote, and overseas talents.
In order to make these teams work, each team member should be able to collaborate, share information, and access critical documents whenever and wherever they need to.
Cloud-based management software solutions are designed to help decentralize teams and build together to collaborate, share important information, and access pertinent documents whenever and wherever they need to.
There is more flexibility and teams become more mobile and remote
The efficiency and reliability of cloud accounting software provide improved control of your core financial processes.
It offers an online invoicing function, and streamlines the entire invoice process, providing you with a better understanding of your financial status in terms of expected income, cash flow control, a bird’s eye view of outstanding debts, and a more succinct breakdown of your collectibles and payables.
Modernize your accounting system with cloud-based management software.
Talk to us about moving to cloud accounting for ease of use, flexibility in access, cost-effectiveness, improved collaboration, security, improved collaboration, sustainability, low maintenance, and remote team support.
EasyFS has more ways to help you kick-start your business such as
EasyFS is a homegrown software from the Philippines.
It is just proper that it currently adapts to the business practices of the country.
Most importantly the Taxation Regulation and guidelines of the Bureau of Internal Revenue (BIR).
EasyFS is compliant and ready for the BIR Computerized Accounting System (CAS) so it will be easy for you to apply with the BIR for accreditation.
Since the system Architecture and Design of EasyFS is based on the cloud, you are guaranteed that updates are also in real-time.
You as a user will be guaranteed the latest version of the system.
You will also benefit from the experience of countless businesses that have benefited from the usage of EasyFS.
Migrating to EasyFS software as a service (SAAS) application will help your company cut costs because you do not need to print all the necessary papers just to manually show or give to your colleagues.
Instead, you can download the reports or share them digitally.
Your teammates can also view EasyFS without necessarily altering the records you encoded in the system.
EasyFS has various modules designed for teams in Logistics, Warehouse, Inventory, Sales, and Accounting teams.
Since all of these modules are integrated and interrelated in real-time your teammates can easily coordinate providing more employee efficiencies and saving a lot of time and energy.
EasyFS has been efficiently designed that the cost of deployment as well as maintaining it is very minimal, that is the reason why we charge you a very minimal fee.
Register for a free demo now! Check out: https://human-incubator.com/easy-fis/
EasyFIS 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, EasyFIS can provide a turn-key solution to your most common business problems to effectively monitor your sales, checking your LIVE inventory stock quantity and most importantly the status of your business’ financial health.
On top of that EasyFIS is CAS (Computerized Accounting System) compliant ready for government taxation in the Philippines.
EasyHR is a Software-as-a-service (SAAS) web application that helps to manage your Payroll and Human Resource Tasks easily and effectively.
Whether you are handling less than ten (10) employees or up to more than ten thousand (10,000) employees, EasyHR can do the job for you and saves you a lot of time in computing your Payroll and managing your Employee 201 Records anytime and anywhere.
But not only that, EasyHR further has an Employee Portal that allows your employees to access it online and check their own Payslips, Overtime, Leaves and Time Records. It saves a lot of time and money in printing these Payslips and paper wastage.
EasyPOS is a standalone Sales and Inventory system designed for businesses with Physical Stores and does not necessarily need an Internet or cloud solution.
The software is very easy to use yet already fully loaded with the necessary daily functions in running a store.
It already has a complete Sales and Inventory system with Item components.
Barcode and Touchscreen Interface that can be used for both groceries and restaurant setup respectively. Plus it is already BIR Accredited to legally issue Sales Invoice (SI) and Official Receipts (OR).