More often than not, we check Facebook posts and stories; we pay household utility bills through online banking; while on the move, we use our smartphones to check our email; and we access large files through the Dropbox. From social media to just about everything, we happen to be in the cloud!
If you are a small business, you are probably utilizing the cloud in a variety of ways without even realizing it! All these are made possible by the cloud and its power to reshape our lives and the business landscape in general.
Compared to the old pencil and paper, spreadsheets and one-location accounting, accounting services have totally transformed into a revolutionary tool through the cloud accounting software.
The pandemic has not just transformed us but it has also changed the business sector and many had to adapt and thrive to survive.
With cloud accounting software, anything is possible from making payments, accepting payments, payroll preparation, and purchasing.
Old accounting during the past decade has become obsolete and unreliable while more and more companies have explored the many uses of cloud accounting software.
What exactly is cloud accounting software and how does it work?
It is an online accounting software that is hosted on remote servers.
It gives accounting capabilities to companies using a Software as a Service (SaaS), providing access to data remotely, that is whenever and wherever, for as long as there is internet or network or a cloud application service provider.
So if you want to get a report asap from your branch in the South, just go to the cloud and voila, a report on your desk printed in no time.
What are the benefits of using cloud accounting software?
If we are using the cloud daily in our personal lives, then there is no reason why we will not be doing the same in our businesses.
Cloud accounting software for small business provides all the functionality of the tried and tested desktop accounting software, but it has more benefits to offer! Consider the following:
Benefit 1 : Mobile access anywhere, 24/7, 365 days
– One word. Accessibility. Even when you’re away vacationing in the Maldives, you can access your accounts and view financial statements with
cloud accounting software at any time! Stored in a cloud server, all your pertinent data is safely encrypted – for as long as there is internet, all you have to do is log in and work from your web browser.
Benefit 2: Cost and Time-Effective
– If you are just starting out in business, your time and resources are obviously limited.
Using cloud accounting software for small business can definitely save you effort, time and money.
Not only is it automated, it is very intelligent! You can save so much time you normally spend doing manual accounting.
And you will be able to have more valuable time to focus on other important matters.
It is also much cheaper to maintain rather than hire more accountants and IT personnel to do the job.
Benefit 3: Protected and Secured
–
Cloud accounting software is the wave of the future.
It has secure and military-like measures such as end-to-end data encryption, multi-factor authentication, security audits, virus and malware protection, administrative permissions and the list goes on.
The old accounting style is prone to data theft and pilferage while the cloud is the safest you can have.
Benefit 4: Intelligent and Automated
– Human error may be the common problem of yesterday’s accounting.
Cloud accounting software lessens the possibility of human error or perhaps totally eradicates them.
Benefit 5 : Convenient, Efficient and Easy
– Because it saves time and money , it is more convenient, easy and efficient to use.
Benefit 6: Collaborative, User-friendly
– All users who are authorized to have access can securely share data through email, chat boards and other tools of communication.
No matter how far these people are from each other, they can swiftly exchange data and request payments and disbursements.
Benefit 7 : Flexible and Adaptable
– Internet explorer or Chrome? MAC or Windows?
Cloud accounting software is generally flexible and it is distributed via a web browser that is compatible with all main platforms.
Benefit 8: Environment Friendly
– Go green! This one is more sustainable and loves the environment by going paperless. You get to save on paper and allot some budget for something more worthwhile.
Benefit 9: Integrated
– It has the capacity to work with other existing systems and easily integrates and assimilates; and
Benefit 10: With cloud-based SaaS or Software as a Service, you get instant software updates, unlike desktop computer software that requires onsite, in-premise installation.
You are logged in to the latest version with all the most updated functions and features.
So, even if you are running off on a holiday, you can be in touch with your business 24/7 with EasyFS! EasyFS is a homegrown software from the Philippines that is an integrated system of sales, inventory and accounting.
With EasyFS, you get to enjoy the amazing benefits of cloud accounting software: accessibility, convenience, security, flexibility, environment friendly, affordability and the ability to integrate.
All these and more! Fees start at about P5,500 per month, and you have cutting edge cloud accounting software that most multinational companies have.
If you are a startup business and want to take advantage of EasyFS cloud accounting software, contact us now and take advantage of the 30-day Free Trial.
