All businesses owners need to keep financial records but the software they use to do so shouldn’t make it a chore. Traditional desktop accounting software can be expensive, complicated and has become antiquated with recent developments in technology. It’s often tedious to use and can take the fun out of running your own business.
The emergence of the cloud presents a better way to do accounting. Cloud accounting software is accessible on any computer or mobile device that can access the internet. This allows small business owners and accountants to collaborate on the same data from any location. It can also integrate with third-party software, making it possible to connect all of your business solutions.
The accessibility of cloud accounting software means small business owners can work smarter. Cloud software provides a real-time insight into your business’s finances, whenever and wherever you may be. It also protects your data from the unexpected occurrences your desktop is susceptible to, such as hard drive crashes, theft and natural disasters.
Read the Xero Small Business Guide on Why Cloud Accounting is Good For Business to learn how you can manage your business’s finances with greater efficiency.