Other Benefits of Cloud Accounting for Small Business

Anyone who’s ever had any experience, however limited, with the back-end administrative side of business will understand the value of accounting and bookkeeping.

On the other hand, they’re also likely to recognise how time-consuming and prohibitive to other areas of business it can be.

As a result, it’s important to constantly look for ways to streamline this intensive, if necessary, aspect of effective business operation.

Cloud accounting is one such way, but many have concerns over the effectiveness of any enterprise’s security measures.

Here are the other benefits of cloud accounting for small businesses.

• Security: Many business owners fear that cloud computing’s online operation puts sensitive data at risk. In fact, this needn’t be a real worry. For a start, reliable vendors have incredibly sophisticated security protocols that put them parallel, and sometimes better than, online banking providers. Furthermore, cloud access requires the details of authorised users, so malicious access is a near impossibility.
• Greater control: Though many, as we’ve established, fear losing control of their business’ finances, in many ways cloud solutions grant greater control to the business owner than in-house counterparts do. This is because it grants on-the-go accessibility – all you need to view your cashflow is an internet connection.
• Intuitive interface: Whether you’re a novice or an expert, an intuitive, user-friendly accounting interface will allow you to minimise training costs, easily access the information you’re after, perform transactions as quickly as possible, and produce financial forecasts at a glance.
• Minimal disruption: Cloud-based accounting is perfect for small businesses where time is at a premium because they can be implemented with minimum fuss and effort, without having a prohibitive effect on your company’s workflow.
• Reduction of IT expenditure: Businesses, both big and small, expend a lot of time and money on their IT infrastructure. This can be greatly reduced by opting for cloud-based platforms, especially in areas where constant backup is inevitable and necessary, and servers are required to match the business’ growth.

With cloud accounting software, you can immediately download real time data, and save time without sacrificing the quality or accuracy of your data.

If you live in Ireland, and think your small business could benefit from online accounting software If you think these reasons could help you make the switch to cloud accounting software, then contact eFolio Accounts Ireland.

Or, you can also join us for a free 30-day trial of our product! Absolutely no credit card required!

eFolio Accounts is designed specifically to make managing your finances and bookkeeping easy and to help you have better cash flow and a more profitable business.

Get paid on time with easy invoicing and manage client accounts with efficient built in email for invoicing. eFolio Accounts is all your business need.