Why Cloud-Based Accounting is Changing the Game

For convenience, security, and flexibility, a modern financial strategy must incorporate cloud-based accounting.

Cloud Services for the Modern Workforce

If your business’s computers are already equipped with accounting software, switching to a cloud-based system may not have crossed your mind. In fact, you might wonder why anyone who already has a functional system in place would forgo it in favor of cloud accounting. The answer lies in the fact that those who have already made the switch know something that you don’t: Cloud-based services are the best fit for today’s workforce.

Mobile Accounting

Where does your team work? Some of the time, they’re probably in the office. Other times, however, they might log in from off-site meetings, read files during their commutes, and tie up loose ends as they sit on their couches at home after a long day. In this digital age, the concepts of office hours and office spaces are becoming increasingly fluid.

Desktop-based bookkeeping software doesn’t allow your staff to access necessary financial data while working on the go. Cloud CPA services provide a digital solution. Whether working from the office or from home, your team members can log in and see the numbers that they need.

Increased Protection

Do you really need cloud accounting if each of your employees has a portable device that’s equipped with your bookkeeping program? That’s a possible workaround, but if your sensitive financial data is stored on the device, it’s also a liability. If a laptop or smartphone is hacked or stolen, your information could fall into the wrong hands.

With a cloud-based accounting system, your data isn’t stored on a device. Instead, it’s stored remotely and protected by passwords and other layers of security. Even if an employee’s computer goes missing, your information will remain safe.

Flexible Technology

cause your program to be outdated even sooner than that. Cloud programs, on the other hand, are readily adaptable. They allow you to stay current without completely overhauling your financial strategy.

Furthermore, with cloud financial services, you can utilize an outsourced CFO for your business. This person can help your team stay on top of changes and updates that affect business accounting practices.

Desktop accounting can be a hindrance to the digital workforce that’s more prevalent in many of today’s industries. Cloud CPA systems are a must for modern businesses wanting to streamline their practices.

Need additional help getting your accounting system to the cloud? Schedule a consultation with us and we can help you set it up right the first time.