accounting-rt

What Are The Benefits of Cloud Accounting in Real-Time?

2022年10月15日

The best and easiest way to get the most updated information is through cloud accounting. 

It provides real-time data thus cloud accounting is often termed real-time accounting.

It gives the company the edge to maneuver and stay ahead of its game. 

With the increasing pressure on businesses to be leaner and be more efficient, the ability to know your financial standing is more important than ever.

Thus, cloud accounting through real-time accounting comes into play to an even greater extent.

What used to be counting our fingers in the air to approximate our finances, and tirelessly list down profit, loss and other expenses is now a vital day-to-day task.


What is real-time accounting? 

Real-time accounting capitalizes on cloud computing technology.

It provides the accountants and users who have access to be able to connect and access their financial information.

They can view their performance online at any given time and wherever they may be. As long as there is a strong connection to the internet, real-time information is readily available whether you are riding a bus, having a meeting in the coffee shop, working onsite at the office, or working from home. 

There is a pressing need to embrace cloud accounting and with cloud-based management software, real-time accounting comes in handy. 

Here are the many benefits that you can enjoy with real-time accounting powered by cloud-based management software.

1. Affordability

It used to be very costly with upgrades and maintenance costs but integrated cloud accounting software solutions are now more affordable than ever before.

Seamless cloud accounting software packages available to businesses of every size, shape and business type.

2. Accessibility

Would you like to access and know your financial information even when you are on vacation?

When you are away on a holiday, there is no need to worry.

You can still be on top of it! Business owners, accountants, and bookkeepers alike can now have unlimited access to significant data at any time, from anywhere, and on any device.

3. Flexibility

Cloud-based management software is flexible and customizable.  

Accountants and business owners have different needs.

They can tailor-fit their software to meet their specific needs. 

4. Accuracy

There is a high level of accuracy in the accounting process because of real-time data that continually updates periodically. 

The likelihood of errors being made is reduced significantly.

5. Collaboration

There seems to be better understanding and synergy when accountants, staff, colleagues and clients can coordinate and collaborate in real time using cloud accounting.

They will be on the same page altogether making matters more organized and efficient.

EasyFIS Logo

Easy FIS gives you a highly-accurate and real-time view of your financial statements.

Sign-up for a FREE EasyFIS Accounting System now!
EasyFIS Logo

Easy FIS gives you a highly-accurate and real-time view of your financial statements.

Sign-up for a FREE EasyFIS Accounting System now!

6. Security and Control

Critical information is presented in an instant, there is no room for pilferage, data theft, and manipulation of figures.

Real-time accounting establishes a great deal of security and control.

7. Compliance

Cloud accounting makes a company compliant with government regulations.

In fact,  vendors of cloud-based management software offering are BIR-compliant and accredited software for easy filing of taxes and others.  

8. Expense Monitoring

Not only sales are recorded in real-time but also expenses as well.

Being mindful of the company’s expenses keeps you on track with your budget and makes you wiser in purchases and business investments.

Most importantly, you control cash flow.   

9. Strategies

Making strategic decisions is not an overnight thing.

It comes with practice and reliable data coming from real-time accounting.

Forecasting is being a responsible business owner.

Cloud accounting’s ability to provide real-time accounting helps management become more insightful rather than reactive, creating strategically driven decisions. 

10. Real-time profit and loss accounts

Your financial statement is easier made with real-time accounting.

It allows you to see where you stand on a day-to-day basis.

From the data gathered, you can now compare your profitability to another period like last year, and your financial forecast will be based on the past figures and you will see the movement whether it is increasing or decreasing.

So, profit and loss can be better understood. 

11. Productivity

Cloud accounting’s real-time accounting function means there is more time and money saved, and more strategies developed which equals greater growth and productivity.

Business owners help build employees up resulting in having happy employees in a productive environment.


Are you searching for the real deal?

Do not just get mediocre software.

The surefire cloud-based management software for your business that can provide you with real-time accounting is EasyFS.

EasyFS is a Software-as-a-service (SAAS) sales, inventory and accounting system designed for Micro, Small and Medium (MSME) Enterprises.

EasyFS can provide you with the many advantages that cloud accounting and real-time accounting can offer. 

If you want to manage your business in real-time and in a WFH (Work from Home Setup), EasyFS can provide you all these benefits of affordability, accessibility, flexibility, accuracy, collaboration, security and control, compliance, expense monitoring, strategizing real-time profit and loss accounts monitoring and most of all,  productivity.

And EasyFS is BIR CAS (Computerized Accounting System) compliant and ready for government taxation in the Philippines.

Start now and register for a free demo with: https://human-incubator.com/easy-fis/

EasyFIS Logo

Easy FIS gives you a highly-accurate and real-time view of your financial statements.

Sign-up for a FREE EasyFIS Accounting System now!
EasyFIS Logo

Easy FIS gives you a highly-accurate and real-time view of your financial statements.

Sign-up for a FREE EasyFIS Accounting System now!

Easy Series

EasyFIS Logo

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 Logo

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 Logo

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).

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