Are you still stuck in the manual recording of your sales and still pencil-pushing some data entries into your ledger?
Is your bookkeeper keeping up or showing signs of getting ‘worn-out’?
Do you know that nearly 45 years ago, the first accounting software was introduced and accounting was never the same again?
It has forever changed how accountants do their jobs.
Are you willing to accept the change?
General paper ledgers have now been replaced by computers and software made easy and the once obsolete tools that accountants dreaded have been modernized.
As it progressed, cloud accounting software has now become a major game-changer, offering a whole lot of flexibility and usability while minimizing capital expenditures and maximizing human resources.
Cloud accounting brings to the table numerous advantages, which explains why it has gained the trust and confidence of small and big businesses alike.
According to Intuit.com, around 78% of small businesses will eventually depend on cloud technology.
If you are a bookkeeper trying to improve efficiency, then cloud accounting software is for you!
However, employing cloud accounting software can sometimes be easier said than done.
What exactly is cloud accounting?
Let us make it simple.
Cloud accounting is storing data and programs as well as accessing them through the internet.
Pre-cloud accounting, software and data were stored on premise in the computer’s hard drive or in the office network server.
So basic accounting tasks such as balancing the ledger and managing the books were performed on premise.
What cloud accounting software has in store for your business is something that every business owner should consider:
1. Automation
Manual accounting and bookkeeping tasks are automated.
This capability enables accountants and bookkeepers to save a lot of time as well as become more productive and efficient.
2. Accessibility
Data can be accessed anywhere and anytime regardless of location or device used.
This is doing all tasks and monitoring them remotely.
Yes, the magic word is ‘remote’. Imagine being able to do a lot of other things while still being on top of your business.
Now that is called multi-tasking and remote managing!
3. Real-time Update
You can easily access your financial information in real time from wherever you are and whenever you need it.
4. Scalability
There will be guaranteed growth because of the productivity that cloud-based management software can actually do. And returns follow.
5. Empowered Business Decisions
Because of the ability to access data quickly, there is more time to spare for planning and strategizing, leading to informed and empowered business decisions.
6. Environment-Friendly
Cloud accounting software will eliminate the need to store and manage paper documents physically, which is not only beneficial for the company as it effectively saves office space, but most especially also for the environment.
7. Cost Reduction
Cost of paper is reduced as well as storage fees plus the cost of labor reduced since accounting tasks are expedited and maximized.
There are definitely general cost reductions from all angles of the business.
Cloud-based software does not incur the costs associated with traditional software that would include maintenance, upgrades, and system administration.
8. Integration
When you use cloud accounting software, it comes with the capability to integrate with other cloud solutions.
It improves efficiency and increases the power of your cloud accounting software system.
9. Security
When there is sensitive data on financial information and banking figures, it is very important for the cloud accounting software to keep it secure at all times.
No need to worry because security is a top concern in any cloud-based management software.
Traditional desktop accounting has limited security.
Once it gets lost, stolen or damaged, security will be compromised.
Cloud accounting software on the other hand has many security advantages.
It should have its own security policy outlining how it protects sensitive data.
Most cloud-based management software solutions use state-of-the-art measures such as multi-factor authentication and encryption, making certain that sensitive data will remain safe and secure.
Ok now, even if your accounting software seems to be alright or plainly ‘just fine’, would you gladly welcome what the future has in store for your business?
The world of accounting is inevitably transforming and it is critical to keep up.
Do you want to grow your business?
Do you want to have a competitive edge?
Change can be overwhelming but when you open up to what cloud accounting software can offer, then you are in it to win it.
EasyFS 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 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 EasyFS is BIR-CAS (Computerized Accounting System) compliant ready for government taxation in the Philippines.
For details, visit: https://human-incubator.com/easyfs/
