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.
We have a team of dedicated cloud accounting specialists here at MB+M and we are proud Xero partners. If you would like more information on cloud accounting, please get in touch with us today. We can help make your transition to the cloud as easy as possible for your business, so you can get back to doing what you do best, running your business.
5 reasons why small businesses should make the switch to the cloud:
Save Money
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.
Save Time
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!
Collaborate
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.
Using the cloud has additional benefits for your MB+M accountant and adviser. Access to real-time data provides us with an up-to-date picture of the profitability and cash flow of your business which allows us to give you the best advice.
Security
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!
Environment
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.
Sources
- What is Cloud Accounting? 6 Reasons why cloud accounting is good for your business
- Why Small Businesses Should use Xero
- Why use cloud accounting – 10 reasons for making the switch
Published 24 August 2022
The information provided in this article is general in nature only and does not constitute financial advice.