Cloud Accounting

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This slide deck by Ace Cloud Hosting explores the basics of cloud accounting, why small and medium businesses should use cloud accounting software.

Published in: Economy & Finance

Cloud Accounting

  1. 1. Cloud Accounting An Introduction
  2. 2. What Is Cloud Accounting?
  3. 3. Cloud accounting is the use of accounting software where the software(and the data) is stored on the cloud rather than on your computer. -
  4. 4. What Can I Do With Cloud Accounting?
  5. 5. Generate Purchase Orders Manage Taxes Automated Reports
  6. 6. Pay Bills Go Mobile Create Invoices
  7. 7. Company Snapshots Track Profits & Cash Flow Monitor Budgets And Expense
  8. 8. Why Cloud Accounting?
  9. 9. Want to Wait
  10. 10. Want to Wait OR
  11. 11. Use Internet Banking- anytime, anywhere, on any device.
  12. 12. Mail Financial Statements From Post Office
  13. 13. OR Mail Financial Statements From Post Office
  14. 14. Tra Traditional Filing- Access And Store Files Only At Office.
  15. 15. Tra Traditional Filing- Access And Store Files Only At Office. OR
  16. 16. Cloud Storage- access anytime, anywhere, on any device
  17. 17. And Numbers Don’t lie!
  18. 18. Cloud Adoption +65% +41% Accounting practices are using or planning to use cloud accounting Are using cloud accounting to manage their accounting
  19. 19. And… +25% +12% More clients are insisting on cloud accounting software [2013 to 2014] Accountants are using cloud as a competitive difference[2013 to 2014]
  20. 20. Cloud Accounting Benefits
  21. 21. #1. Cost Saving No up-front hardware cost, you only pay for what you use.
  22. 22. #2. Always up to Date Free Automatic and instant upgrades.
  23. 23. #3. Convenience Access, share and work with your info, anywhere, anytime, on any device.
  24. 24. Cloud Accounting Myths
  25. 25. #1. Security Isn’t it possible to lose my data in the cloud?
  26. 26. #1. Security Isn’t it possible to lose my data in the cloud? NO
  27. 27. #1. Security Isn’t it possible to lose my data in the cloud? Most Cloud accounting offers a level of security that is on par with major banks, keeping your data safe. NO
  28. 28. #2. Vendor Confidence Once I select a vendor, I’m locked in.
  29. 29. #2. Vendor Confidence Once I select a vendor, I’m locked in. NO
  30. 30. #2. Vendor Confidence Once I select a vendor, I’m locked in. NO of cloud computing users say they’re happy with their overall experience.
  31. 31. #3. Ease of Use Isn’t cloud only for tech people?
  32. 32. #3. Ease of Use Isn’t cloud only for tech people? NO
  33. 33. #3. Ease of Use Isn’t cloud only for tech people? The cloud is much easier for everyone – you just log in and it works. NO
  34. 34. Top Picks For Small Business Cloud Accounting?
  35. 35. Some of them are
  36. 36. About Ace Cloud Hosting Ace Cloud Hosting powered by Real Time Cloud Services (RTCS), is an Authorized commercial QuickBooks Hosting provider to Bookkeepers, CPAs and SMBs dedicated to provide significant values to its clients. RTCS has been in the application hosting business for more than a decade delivering significant value to its clients.
  37. 37. LIKE THIS DECK? GET IN TOUCH! Follow us for more Great Content Also Check Out Some of Other Slideshares …
  38. 38. References- 1.Intuit - What is Cloud Accounting Software? 2.Why Cloud Accounting Is Good For Business 3.Cloud Accounting Research Report 4.Understanding Cloud Computing 5.Forbes - And The Best Small Business Cloud Accounting Software Is... 6.How Cloud Computing And Accountancy Is Related In More Ways Than You Think 7.Image Source – Shutterstock.com 8.Background Image Source – Cloud Accountants

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