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5 Reasons Why You Should Be Using Cloud Accounting

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Learn why every business should use Cloud Accounting software or services to access and work on accounting data and software online.

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5 Reasons Why You Should Be Using Cloud Accounting

  1. 1. 5 Reasons Why You Should Be Using Cloud Accounting
  2. 2. What is Cloud Accounting? If your accounting software is available over the internet and allows you to access and manage your accounting data and perform other accounting activities, then you're using Cloud Accounting. Cloud accounting software such as QuickBooks, Xero, Sage etc. helps you stay connected with your accounting data and accountants to work and collaborate in real- time.
  3. 3. While cloud accounting has been in the market for a long time, it’s however still not being used by many accounting firms and individually practicing accounting. Here are a few reasons why cloud accounting is now one of the most talked about topics in the industry and why more firms and CPAs should adopt it.
  4. 4. 1. Security This is very evident that a business’s accounting data includes the most crucial information for both the business and their clients. Hence it needs to be secured from cyber threats and unauthorized access. Cloud accounting software provides highly secure and easy accessibility to data with highly secured infrastructure that has 24x7 monitoring guards and end-to-end encryption of data. Other features such as two-factor authentication, firewalls, and redundant backup ensure best digital security of vital business accounting data.
  5. 5. 2. Mobility Cloud accounting software shifts the data and accounting process to the cloud, due to which accountants can work from anywhere, anytime using any device be it a Desktop, Mobile or a Tablet. Installation and software updates are carried out automatically without interrupting your work which further saves you a great deal of time and money.
  6. 6. 3. Lesser Hardware and Space Requirement Your accounting data and applications are hosted on the virtual servers of the cloud accounting service provider, so the expense of installation and maintenance of heavy physical infrastructure is eliminated. It also reduces extra costs incurred due to the need of manpower to handle the physical infrastructure.
  7. 7. 4. Multi-User Collaboration Cloud accounting allows multiple users such as colleagues, business partners, clients etc. to access and work on the same data file online, simultaneously, from anywhere and anytime. They can collaborate in real-time which makes operations and campaigns easier and more productive. The burden of managing multiple users and keeping track of their activities are also substantially simplified.
  8. 8. 5. Managed Backups No one wants to loose his crucial business financial data! Right? In cloud accounting, multiple redundant backups are maintained automatically and in real-time which eliminates the data loss and corruption problem which are common with traditional setups, where a natural disaster or man-made error can compromise your data and business.
  9. 9. About Us Ace Cloud Hosting is an Intuit authorized Premier Reseller and commercial host for QuickBooks software and cloud accounting provider to CPAs, Bookkeepers and SMBs. To know more, please visit: www.acecloudhosting.com Or call us at: 855-ACE-IT-UP
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  11. 11. References Benefits of Cloud Accounting - MYOB Cloud Accounting Benefits for Small Businesses - Ace Cloud Hosting Images- Pixabay.com, Pexel.com

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