Online Accounting Software Will Change Your Business and Life

These days, more and more businesses are turning to cloud-based solutions to answer their accounting needs.

Not only does it have the potential to revolutionise your business’ accounting, but it will also have significant impacts on all other aspects of your business.

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It frees up your time by substantially reducing the amount you spend on manual processes such as bookkeeping and thus allowing you to focus your energies elsewhere.

Here are 5 reasons it’s high time you made the leap and moved all your accounting to the cloud.

Reason #1 – You remain in control

Though many business managers would rather outsource their accounting needs entirely to a professional and never deal with it again, most also know that remaining unfamiliar with their business’ spending is not the key to business growth.

Online accounting softwares allows you to monitor cash flow in real time, as well as make transactions. You’re the boss, and you will become the master of your own business.

Furthermore, real time accessibility means your data will always be on point, and never lagging behind, allowing you to make the most informed business decisions that you possibly can.

Reason #2 – Never lose data again

Loss of data, or new protocols, are often the reasons most businesses opt to store their accounting and financial data digitally.

Many recognise that, contrary to popular belief, manual data storage is actually the least secure and least efficient means of storing valuable and sensitive information.

Storing it digitally, however, still brings with it some of the problems of physical storage.

For a start, backup must still be performed manually, and if your business is looking to grow (which it presumably is) huge quantities of data will need to be moved every time any hardware is updated.

Alternatively, with online accounting software, you’ll have an automatic backup and you need not address the updating problem by keeping multiple versions of the same data, helping you streamline your business.

Reason #3 – Save time

Manual data entry is a hugely time-consuming process for any business, and within any area of any business.

It is time inefficient in and of itself, and because manual data entry leaves room for the possibility of human error, which requires rectification and thus, more time commitment.

Instead, 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 think these reasons could help you make the switch to cloud accounting software, then contact eFolio Accounts Ireland on 353 21 2348062.

Or, you can also join us for a free 30-day trial of our product!