Accounting can be considered a chore by accountants especially when it is manually done.
It is tedious, time-consuming, and boring.
It pushes you to work on a lot of manual data entry and it can suck up far too much of your time and effort.
You see, this is chasing after the wind.
An endless and pointless pencil pushing.
This doesn’t add value and takes the fun out of having a business.
There are many problems that are encountered by accountants with traditional accounting software.
These are the following:
- The information in the system is not updated
- It only operates on one computer and is usually located in the office and information gets disseminated from one person to another through a USB drive, which is prone to data theft, perjury and loss.
- Only one or two persons have user access which can only signify that access is limited.
- It is costly because of the need of an IT infrastructure and systems maintenance
- It is complicated and risky to keep backups (if done).
- It is expensive, difficult, and time-consuming because of constant upgrades
In the case of cloud accounting, online is the name of the game.
You keep your business books online.
That would include records of income and expenses, as well as assets and liabilities.
Most of the data is kept secure through encryption just like the data in the bank, so this means that only people with authorized access can open and view data.
Many businesses have already started using cloud accounting software because it makes accounting work much easier, faster, and more convenient.
Most cloud accounting software Philippines systems come with tools for quoting, invoicing, managing bills, and more.
Learn more about what cloud accounting software can do and why it is good for the business.
Running your business accounts online through cloud accounting software has many advantages.
These are the following:
1. Savings in time.
Time is spent wisely. There is less time doing transcription.
The information regarding sales or income as well as expenses and other purchases can accurately reflect straight from your bank to your books in real time.
2. Financial Awareness Made Easy
You can have a bird’s eye view of your current financial position at any time, any day, and from wherever you are.
3. Multi-user System
There are many people who are granted access through the cloud accounting software.
Its immediate access makes it easy to integrate and corroborate online with your accounting team and the rest of the departments.
4. Automatic Backup
It is an online software, meaning it has nothing to install or update, and all your information is backed up automatically and securely.
5. Availability of Dashboard
You can set up a dashboard containing critical financial information like who owes you money, what bills are due, and how your cash flow is doing.
6. Accessible Anytime
You can use cloud-based software from any device with an internet connection.
Cloud accounting software in the Philippines keeps small business owners connected to their data and they have a connection with their accountants as well.
Cloud accounting software can integrate with the whole ecosystem.
7. Savings in money
Cloud HR software is cost-effective.
There is no need anymore to install and run applications on a desktop computer based in the office.
Instead, you only pay for the cloud accounting software by monthly subscription or annual through a software service provider.
8. Super Secure
Are you a small business owner who might be hesitant in having cloud accounting software, wary of the security of cloud storage?
Do you know that the cloud is one of the most secure ways to store information?
For example, using cloud software, if your laptop is missing, no one can access your data unless they have a login to the online account.
With cloud accounting software, your information continues to thrive online on secure remote servers as compared to your hard drive which is prone to loss and theft.
9. No Downtime
There is no downtime with cloud accounting software Philippines.
As long as you have access to any computer or mobile device connected to the internet, you’re backed up and running.
10. Work Smarter
The beauty of cloud accounting software is the fact that you can work smarter with the flexibility it gives you to run your business from work, home, or on the go.
You can be confident that you have an updated picture of how your business is doing in real-time, no matter where you are.
If your company still uses desktop software or spreadsheets for accounting, please know that you are missing a lot!
It may be time to consider upgrading to a cloud accounting software system.
No doubt, Cloud-based accounting software provides many benefits compared to on-premises solutions.
It allows users to work from anywhere, at any time and provides automation of time-consuming manual processes.
It also improves accuracy and compliance and the ability to accelerate financial processes seamlessly with less effort.
The Cloud Accounting software for your business is here!
EasyFS is a Software-as-a-service (SAAS) sales, inventory and Accounting system designed for Micro, Small and Medium (MSME) Enterprises.
EasyFS is certainly good for your business!
Start today by registering for a free demo now! https://human-incubator.com/easy-fis/
