2023/08/04
By Johnny Kawa
Introduction
In recent years, cloud accounting software has gained tremendous popularity among businesses, especially in the Philippines. With the Bureau of Internal Revenue (BIR) requiring all Large Taxpayers to use and register as CAS or Computerized Accounting System, the demand for BIR CAS-ready cloud accounting software has skyrocketed. However, amid the rising popularity, several myths and misconceptions have emerged, leaving many business owners unsure about making the switch. In this blog post, we will debunk the top five myths surrounding BIR CAS-ready cloud accounting software, shedding light on the truth behind this innovative solution.
easyFS gives you a highly-accurate and real-time view of your financial statements.
Sign-up for a FREE easyFS Accounting System now!
easyFS gives you a highly-accurate and real-time view of your financial statements.
Sign-up for a FREE easyFS Accounting System now!Myth 1: BIR CAS-Ready Cloud Accounting Software is Expensive
One of the most common myths about BIR CAS-ready cloud accounting software is that it comes with a hefty price tag. However, this is far from the truth. While it is true that some cloud accounting software can be quite a hefty expense, there are affordable options available in the market. Many software providers offer tiered pricing plans, allowing businesses to choose a plan that suits their budget and needs. Moreover, when considering the long-term benefits of cloud accounting software, such as time savings, improved accuracy, and streamlined processes, the return on investment can be significant. Finally, with the catching popularity of SaaS or Software as a Service, BIR CAS-ready cloud accounting software is becoming more affordable to more businesses especially the SMEs. Since SaaS models usually go by monthly or annual subscription, the investment is a tiny fraction of what you would pay for the old on-premise installed software.
Myth 2: Cloud Accounting Software is Complicated to Implement
Some business owners are hesitant to adopt BIR CAS-ready cloud accounting software because they believe the implementation process is complex and time-consuming. In reality, the implementation of cloud accounting software is quite straightforward. Reputable software providers offer user-friendly interfaces and step-by-step guidance to ensure a smooth transition. Additionally, with cloud-based solutions, there is no need for on-premises hardware installation or maintenance, making the setup process faster and more convenient. Finally, while the process and the BIR requirements for BIR CAS registration can be overwhelming, there are services available in the market that offer BIR CAS Registration for your business. One example is HII BOSS offering outsourced back office operations like BIR CAS Registration.
Myth 3: BIR CAS-Ready Cloud Accounting Software is Not Secure
Security concerns are among the top reasons some businesses shy away from cloud-based solutions. However, reputable BIR CAS-ready cloud accounting software providers invest heavily in ensuring the security of their platforms. They employ advanced encryption technologies, multi-factor authentication, and regular data backups to safeguard their users’ information. In fact, cloud-based systems often offer better security measures than traditional on-premises solutions, as they have dedicated teams solely focused on protecting their clients’ data from potential threats. Finally, BIR CAS-ready cloud accounting software EasyFS is a product of Human Incubator, Inc., an ISO-certified company in both Information Security Management System (ISO/IEC 27001:2013) and Quality Management System (ISO 9001:2015).
Myth 4: BIR CAS-Ready Cloud Accounting Software Lacks Customization Options
Some business owners fear that cloud accounting software might not cater to their specific accounting needs and lack customization options. This is a misconception. BIR CAS-ready cloud accounting software is designed to accommodate various industries and business sizes, offering a wide range of features and functionalities. Many providers allow users to customize their dashboards, reports, and workflows to fit their unique requirements. With regular software updates, businesses can stay up-to-date with the latest features and improvements, ensuring that their accounting needs are met effectively.
Myth 5: Cloud Accounting Software is Not Reliable During Internet Outages
A prevalent myth surrounding cloud accounting software is that it becomes unusable during internet outages, leading to potential data loss and disruptions in business operations. While it is true that cloud-based systems require an internet connection to access data in real-time, most providers offer offline capabilities to ensure continuous productivity even during internet outages. Users can work offline and synchronize their data once the connection is restored, ensuring no data is lost.
easyFS gives you a highly-accurate and real-time view of your financial statements.
Sign-up for a FREE easyFS Accounting System now!
easyFS gives you a highly-accurate and real-time view of your financial statements.
Sign-up for a FREE easyFS Accounting System now!Conclusion
As the BIR requires all Large Taxpayers to use and register as CAS or Computerized Accounting System, the demand for BIR CAS-ready cloud accounting software becomes increasingly vital for businesses in the Philippines. It is essential to dispel the myths and misconceptions that surround this innovative solution. BIR CAS-ready cloud accounting software offers numerous benefits, including cost-effectiveness, ease of implementation, robust security, customization options, and offline capabilities. By debunking these myths, businesses can make informed decisions and leverage the power of BIR CAS-ready cloud accounting software to streamline their financial management processes and achieve compliance effortlessly. Embracing this technology can lead to improved efficiency, accurate financial reporting, and better decision-making, ultimately driving business growth and success.
Check out EasyFS, the BIR CAS-readycloud accounting software. Visit https://human-incubator.com/easy-fis/ and book a free demo today!
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