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Cloud Accounting – to do or not to do?

By March 8, 2017 No Comments

With the rise in cloud computing, there still remains a lot of uncertainty or hesitation in putting your sensitive financial data into cloud accounting software.

It really still remains a personal or company preference. Either way, we have the solution that fits all with Sage 100. We have clients that we host entirely in the cloud at our data-center, and we still support many clients that prefer to host their data on their own servers. Many of the newer module add-ons in Sage are being developed for the cloud, such as credit card processing, mobile sales, and mobile service, so that you can also have a hybrid with your Sage both on premise and in the cloud. In this way you can still manage your more sensitive data on premise where you can feel more comfortable about controlling the security and access to this data, as well as have easy access to cloud apps for remote and field workers.

Cloud based accounting software are often ideal for small to medium sized businesses, but the decision to switch over to cloud-based accounting can seem daunting. Cloud based versions of accounting tools like Quickbooks may give you slightly different functionality compared with the desktop versions, but it is argued that cloud accounting makes up for this with versatility and long-term viability. Here are some benefits of cloud-based accounting worth considering:

  • Cloud-based accounting platforms connect remote servers on an online network with centralized data storage. This means that all your data is accessible anywhere and anytime by everyone in your team. The easy flow of real time information can improve business communication and transparency to keep everyone on the same page.
  • These software offer real time access for accountants and bookkeepers so they can support you and guide you easily.
  • Some key features:
    • Store files and documents on the cloud platform that can be easily accessed and downloaded by everyone with access to the platform.
    • Works seamlessly regardless of what device or operating system you’re using.
    • Easily search for and retrieve all receipts, invoices, images.

 

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