Bookkeeping: Harnessing the Power of Simplicity

Bookkeeping: Harnessing the Power of Simplicity

For anyone who works in a fast-moving industry, it can be a little tricky to get to grips with the numerous developments that seem to constantly be taking place.

One of the buzzwords that’s been making the rounds in the realm of account management is “cloud accounting” – but what is it, and why is it here to stay?

In short, cloud computing takes applications and programs and runs them online, so that all that’s required of you as the service user is a compatible device and a stable internet connection. It eliminates the need for installation and service management.

If you’re thinking about switching to cloud-based solutions for your accounting and bookkeeping needs, here’s everything you’ll need to know to make up your mind.

• On-the-go access: Cloud-based systems are not tied to one location, or even one breadth of time. If you opt to outsource your accounting systems to a cloud vendor, you’ll be able to access your information from anywhere, at any time, allowing you to support remote workers, and maximize efficiency.
• The vendor does the heavy lifting: Updates, and system overhauls need not be carried out on-site, as all of this will be handled by your cloud computing provider. Not only is this a time saver, it also means your infrastructure requirements remain the same, and you needn’t spend money on upgrading your hardware to match and accommodate system updates.
• No barrier to entry: Hosting on-site computing solutions comes with an up front efficiency bottleneck. In other words, it takes time, and as a result, accrues money losses, to set up in-house accounting solutions. Cloud solutions can be up and running, and integrated with your existing systems in next to no time, minimizing the negative effects of system implementation on the rest of your business.
• Improved security: Respected cloud providers will have access to some of the most sophisticated security measures available, allowing you to rest assured that your sensitive data is in safe hands. What’s more, providers’ security systems will evolve as threats do, meaning they’re always one step ahead of the potential risks.
• Financial benefits: Cloud computing providers charge you on a rolling subscription basis. This avoids the pitfalls of in-house hosting, which require massive up front costs, and ongoing upkeep and maintenance commitments.

With cloud accounting software, you will have a simple yet powerful all-in-one tool for all your business needs.

If you live in Ireland, and thinking that online accounting software could be a good solution for your business, then contact eFolio Accounts Ireland.

We also provide 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.