10 benefits of cloud accounting software for your business

More and more business owners are turning to cloud accounting software to manage their business’ finances. If you haven’t tried it yet, here are 10 ways online accounting software can help your business.

Save time with automation

Don’t waste time posting and chasing invoices. With the cloud, you can automatically generate invoices— as well as reminders — at regular intervals, meaning you don’t have to manually keep track of debtors.

Work from anywhere

By converting to the cloud, you no longer need to worry about maintaining spreadsheets or installing a programme on one machine. The cloud allows you to log in to your business’ account anywhere, anytime and from any device. 

Value for money

Instead of paying a huge one-off fee for accounting software, the cloud allows you to spread the cost with a monthly direct debit – helping you to manage your business’ cash flow.

Up-to-date data

With the cloud, you can get an up-to-date snapshot of your financial position as automated bank feeds allow you to keep track of your business’ balance sheet in real time.

Keeps your information secure

As your data is saved on a secure cloud server, it is constantly backed up, so you don’t need to worry. Even if your computer crashes, everything is still saved and easily accessible.

Intuitive and easy to use

The cloud software has been built with non-accountants in mind. The simple layout and helpful guides make it easy for people who don’t have much experience of managing financial accounts.

Give access to multiple users and set permissions

If different people manage different elements of your business, it’s easy to add multiple users and tailor permissions so people with specific job roles only see what they need to.

Software is consistently updated and improved

There is no need to wait for a new version of a software to be installed, with the cloud everything is constantly updated by in-house developers and it’s all part and parcel of your monthly subscription fee.

Collaborate easily with your accountant

In the past, it was common for business owners to visit their accountant once a year with all their records resulting in one large pile of work. With the cloud, you can share your accounts with your accountant throughout the year and work together collaboratively.

Community of fellow business owners

A side benefit of joining the cloud revolution is joining an instant network of fellow business owners whom you can meet and chat to via community forums and business events.

So why not soar into the cloud and help your business grow? There’s far more freedom to help you succeed!

Contact the cloud specialists at Dunkley’s for an initial review and discussion of how making the switch to the cloud could benefit your business. Call the team on 01454 619900 or email cloud@dunkleys.accountants.

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