What Makes Cloud Accounting So Great and Useful?

Accounting systems need to be dependable and reliant on whatever business and whatever situations might arise.

The pandemic has hit us and cloud accounting has proven its usability during those trying times.

And it will definitely go a long way.

Is your company’s accounting system technologically ready to meet the demands of the changing times?

Have you already shifted to cloud accounting?

You see, cloud accounting software offers the assurance of greater efficiency, accelerated adaptability, and strengthened competitive advantage.

No other on-premise accounting can do that.

Having cloud accounting software will not only push for more technological growth but will also be the main business driver for your business.

To be able to stay on top of this competitive world of business, cloud accounting software needs to be great and useful. 

It is essential for cloud accounting to do the following:

• revolutionize the efficiency of your bookkeeping

• provide a real time view of your financial status 

• streamline your financial management and administration

• And many more. 

To be able to be dependable and useful, there are core benefits of cloud accounting software that need to be considered.

Do you know that recording income and expenses as well as doing double-entry accounting has been practiced for the longest time?

Why change and shift to cloud accounting software? 

Because there is no other suitable and easy way to access a plethora of data over a period of time, from just about anywhere and from any time of the day for as long as there is internet connection. 

Before the ‘cloud’, most accounting software was desktop-based and software updates were constant, hence the need for backup was crucial.

Cloud accounting software still provides the same functionality as traditional accounting done on desktops.

The only difference is that the whole process is migrated to the cloud and that is where the real magic begins.

With cloud accounting software, it is easy and systematic to access all data from wherever, even from home.

With no desktop application, logging in from home or from anywhere for that matter is a breeze. 

Most cloud accounting softwares have a third-party provider or API (Application Programming Interface) that connects with your system and synergizes all aspects of the business, giving continuous value to the business.

Moving accounting from desktop and migrating to cloud accounting software may be a daunting task but it is this major move that makes you more relevant in navigating through your business.

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!

What Makes Cloud Accounting So Great and Useful? Here are the ways:

1. Cloud accounting software enables you to access your data from anywhere and at any given time of the day.

All you need is an internet connection, and your browser.

This eradicates the need to work from your office-based desktop.

2. Cloud Accounting keeps your information, bookkeeping, and bank reconciliation updated all the time.

The general overview is vital when getting your information regarding cash positioning so that you can plan future expenditures and you can anticipate financial investments and milestone decisions.

3. Many online accounting software provides live feeds to your bank accounts, giving you the freedom to link your bank directly to your accounting system.

This hastens bank reconciliation.

4. There are a wide variety of applications that you can utilize that are all part of the cloud ecosystem.

Tools like forecasting applications, invoicing apps, collection apps and others help you save time, reduce costs, and maximize resources.

5. Cloud accounting software is always using the updated and latest version.

There is no need anymore for costly and time-consuming updates that on-premise accounting systems need from time to time. 

6. With cloud-based management software, you can strictly follow protocol and still securely provide access to your accountants, bank advisors, bookkeepers, and financial managers.

Are you searching for the most accurate cloud-based management software for your business?

In a nutshell, greatness and usefulness combined are found in EasyFS.  

It 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.

It helps you to effectively monitor your sales, to check your real-time inventory, and most importantly, to get real-time financial reports like your income statement, balance sheet, and other reports on the status of your business.

Most importantly, EasyFS is CAS (Computerized Accounting System) compliant ready for government taxation in the Philippines.

For more details, you can see: https://human-incubator.com/easy-fis/

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!