Why Your Small Business Accounting Should Be in The Cloud
As a small business owner, you went into to business to do what you love and to help as many people as possible. Whether you make baskets, deliver new software to the market, or create donuts, you have your craft and your skill. You are good at it and hopefully the market pays you for your service. However, you have to keep the lights on and keep accountable to your customers and your vendors.
Let’s face it, accounting and bookkeeping can be become boring and a chore!
(As a bookkeeper though, I would disagree!)
Luckily, for the small business owner there are a variety of tools available through cloud-based services that not only help streamline the bookkeeping process, but also develop incredible business value! Having more access to your up-to-date data can help you negotiate with vendors, have more time to grow your business, and see discrepancies on a real time basis. The benefits of cloud-based bookkeeping services are many, and we are going to cover just a few of them. Starting with:
- Data Security protection- Instead of keeping the numbers and lifeblood of your company on a flash drive or your actual hardware, you can take advantage of some of the most secure, up-to-date technology. Encrypted software, data storage centers, and backup servers protect your information far better than traditional servers do. You can outsource to Bookkeeping Services knowing that you both are using the same, secure servers.
- Keep The Information You Need Up-To-Date and On-Hand– Running your business should be your first priority. That is why outsourcing bookkeeping services to a professional service can help you focus on what matters most- serving your clients and keeping your business running. However, the two are not mutually exclusive. Using cloud-based bookkeeping, you can now have the numbers that you need on hand to negotiate with vendors, review invoices, or go over costs with a client.
- Ability to Streamline Processes with Your Growing Workforce- While traditional bookkeeping software may at times be more robust, the cloud-based models offer a growing ability to integrate with other services. CRM’s, billing software, payment systems, workflow systems can be integrated quickly and minimize time spent with manual data entry. More small business software programs are coming on board and seeking integrations with each other. Bookkeeping services are often at the center of these integration partnerships.
- Keep Your Bottom Line Healthy- due to the scale and leverage available with SaaS technologies, the service you receive from a cloud-based bookkeeping service is cheaper than a traditional desktop format. Better service at a better price sounds like a pretty good business decision.
The future is bright and cloud-based technology is leading the way. You do not want your business to be left behind. The less you have to focus on, the more you can execute your vision. Consider using professional bookkeeping services and leveraging your relationships with cloud-based bookkeeping technology. You can be assured that your numbers are up-to-date, secure, and allow your business to scale in a way that makes sense. Incorporate a professional bookkeeping service to partner with you, and you have a clear path with no storm clouds in sight.