5 reasons you should move to the cloud
MB+M Business Services Team introduces:
Why cloud-based software is good for small business
At MB+M, we encourage our clients who are small business owners to make the change and utilise cloud-based accounting software to help make their daily tasks of running a business easier. Some of the top reasons why cloud accounting is good for small businesses are listed below. You’ll wish you started sooner.
5 reasons why small businesses should make the switch to the cloud:
Using cloud-based software can save you money on purchasing different software packages, installing them, and ensuring the updates are completed and compatible with your computer and other software. This can be a never-ending loop that costs you money (and time!). Cloud software providers take care of updates and maintenance which is included in the monthly subscription costs.
If you have previously spent a lot of time manually inputting data such as invoices, bank reconciliation, and reporting, we have good news for you! By switching to cloud software, these things (and more) are all automated, saving you time and allowing you to spend your time growing your business. Some of your old bookkeeping work happens while you sleep!
You can access your data online from any device – smartphone, tablet, PC, or Mac – which allows for easy collaboration among your team. You can quickly share documents and data through the cloud rather than waiting for co-workers back at the office to find a file and email it to you.
Did you know that cloud-based software is safer than on-premises software? This is because there is no physical item to steal or be lost in a disaster. If someone were to steal your computer or laptop, they cannot access your data due to strong encryption and password protection, similar to internet banking. Another win!
By using the cloud, you no longer need to use paper, ink, or hard drives for your accounting needs. If your cloud needs fluctuate, the server where your data is stored scales the capacity up or down depending on your needs. You only use the energy you require and do not leave an extensive carbon footprint. It’s a win-win for the environment and your business!
What should you do?
Cloud technology is fast becoming the way forward for business. Accounting cloud software is a no-brainer for the wonders it can do for you and your business.
Accounting software can do a lot, but it cannot provide you with in-depth knowledge and tailored advice about certain changes to benefits, write-offs, and government programs that your accountant can provide. MB+M provides advice about your business’s circumstances and can help you along your cloud-based journey. We are always here to provide extra assistance or answer a question.
Contact one of our Cloud Accounting specialists today to see how we can help you.
- What is Cloud Accounting? 6 Reasons why cloud accounting is good for your business
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Published 24 August 2022
The information provided in this article is general in nature only and does not constitute financial advice.