Cloud accounting can benefit your practice

Cloud accounting can benefit your practice.

Cloud accounting can benefit your practice in many ways. There is no doubt that more and more Accounting practices are moving their applications to the cloud. Practices are doing this cautiously because with anything in business its important to make an informed decision. This article is designed to help you make that decision.

eFolio Accounts works on all hardware wherever you are.

Cloud accounting should not be a mystery. Its the ability to access your owned data through an internet connected device. The data is stored on a secure server, just like web pages that make up the internet however there is much more security involved in most cases. So how can it benefit your business?

Lower Capital outlay.
Because you are not using servers to manage your software you don’t need to purchase these expensive machines to manage data in a central location for your staff. Our servers manage this for you. You still own the information. To find out more about our servers and security click here

Lower energy bills
High numbers of servers in your organisation can increase your energy bills considerably. IT energy demand accounts for approximately 2% of global CO2 emissions. When you think about this the figure is huge. By reducing your dependency on local Servers in your practice you can increase your bottom line. 

Mobility
Cloud accounting gives you the ability to travel with all the information you need. As eFolio works on any device that can connect to the internet througfh a web browser, its just like being in the office. Client visits can become more productive, and result in better communication with your client as not only can you have information at your fingertips on a site visit, but you can also be looking at the same screen as your client if you are in a different country. If you use iPad, then eFolio Accounts will be perfect for your business.

Developing a better relationship with your client.
Clients can see information in the cloud in real time. This creates better relationships. If your client only wants access to invoicing, dashboard and reporting, then you can restrict this to your and their needs. Many practices process bookkeeping, and leave the sales invoicing to the client.

Information in real time.
If you make a data entry to eFolio Accounts, your client will see it immediately. This is the beauty of cloud accounting. Sometimes clients cant see the myriad of work you do . Show them. Let them know how much added value you bring to their business.

Globalize your workforce cheaply.
If your clients have a sales team in a foreign country, eFolio Accounts will work for you. The entire sales team, no matter how big will be able to send quotes, and convert them into invoices at the click of a button. Then, the management team can be given access to reporting so they can manage cash flow and get paid on time.

Reduce licencing & training costs.
eFolio Accounts does not charge you for extra users, data, or invoicing. It is unlimited which will drive down cost. The charge is per license per registered business. THe system is designed to be user friendly so you spend less time with your clients and staff on training. Full user manuals are available online and Support is FREE.