Modern accounting firms in Coventry are moving to cloud accounting software. It refers that moving your business to the cloud means changing the way you work.

Accounting and Bookkeeping is moving online

More and more accounting firms are now changing their way of work with using cloud computing. They understands the advantages such as better mobility, security, communication and easier collaboration with clients.  Most accounting professionals for any business believe that the cloud is the future for business growth.

What is cloud accounting?

Cloud accounting (online accounting) uses the internet connection to access your accounting software and store your company data in one place. Traditionally, businesses and companies would physically install an accounting application program on a computer in the workplace, along with hard drive which act as the central hub for all company financial information. To access the information data, you are needed to use that same computer to get the file through email or USB drive.

Reasons you should move to cloud-based accounting in Coventry?

You and your accountant can see your financial position in real-time

With cloud accounting software, both you and your accountant can see your financial position at a glance. This means that you can collaborate and communicate easily over the phone as both parties have absolutely the same information in front of them – there’s no need to transfer large, confidential files via email or USB then wait for your accountant to get up to speed with your information. A cloud-based accounting program like QuickBooks or Xero will give your accountant live access to up to the minute data for your business.

Cloud accounting apps offer great security

All of the cloud-based software providers we work are using strict secure data protection systems and make sure your company financial accounts reports remains confidential, backed up, and protected. In addition, because the software is live, it is always being improved and updated, meaning there is no risk of becoming out of date or insecure. You will always be using the latest software whenever you log on.

You can access your financials data anywhere, any time

A major advantage of cloud based accounting is the ability to keep you up to date with financial information on the go from almost any smart device at any time and any where that suits you. If you can access the internet, you can access your accounting records.

It’s more cost-effective than traditional accounting programs

With your data in the cloud, your business need not to create inconvenient and costly financial data management and save options. You can operate your cloud-based accounting software from a single computer using a standard internet connection, and your software will automatically be kept up to date by the provider. You’ll also save on maintenance costs, user licenses, and expensive hardware such as servers as your business grows.

Whether you need accounting services in Coventry, or help in choosing the right convenient cloud accounting application or want to ensure that you are getting the most out of your existing software, Cheylesmore Accountants can help.  We can also offer suggestions and support for any accounting areas in your business you want to improve.