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Cloud Accounting and how it can help your business from small business accountants Sydney

In today’s day and age you are unlikely to find accountants or accounting software which are not cloud based. Traditional pen and paper based accounting is quite tiresome and end up costing more time and money than its worth. Not only is value not being added to the small business accounting in Sydney, it is also unable to be passed on to the customer.

Cloud accounting relies on data being available to all authorised users from any suitable device. There is no requirement to call in your accountant to perform works that are only accessible on your hard drive, in effect saving time and accounting fees.

Taking the example of your accounts being located on a solitary hard drive, the data may not be up to date, especially when it comes to your software aligning with the bank statements. Data may have to be transferred via a USB which is neither secure not reliable. As well, only one person has access to the file at any point in time, with no footprint of changes made to the file.

On the other hand, you only require an internet connection with cloud based accounting to access information online. You remain connected with your accountants and can discuss changes in real time with both parties seeing the same information. As well, there are various add-ons available for cloud based software which add value to the reporting being provided to you.

In terms of getting set up, most cloud based services work on a monthly subscription basis, without the need for downloading excessively large files on your computer. You are guaranteed additional security in case your hard drive gives up all of a sudden and you are left with no backup. What’s more, you can also control who has access to your file so that hack attempts into your hard drive are rendered useless. Think of it as online banking, if you are familiar with your bank’s online interface then you are all set to use online accounting.

Get in touch with m.a.s accountants, the small buiness accountant in Surry Hills, Zetland and all Sydney area, today to learn more about how you can work with us to integrate online accounting in your business and save the hassles associated with traditional accounting.