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5 Ways
How Cloud Accounting Benefits
Early-Stage Startups
Running a startup is exciting as it
opens opportunity to be creative
and still remain in control.
As a startup owner, you invest all
your energy and time in
nourishing your startup.
But to make profit, you need a
solid accounting system to ensure
your cashflow is well managed
and your startup is turning a
success.
Many startups start their
accounting with spreadsheets,
but, it is an error-prone
accounting method and requires
a lot of manual efforts.
And what if you are not an
accounting expert or don’t have
enough time to handle
accounting due to other
business priorities?
Relying on accounting software
hosted on the cloud can help you
save time, make real-time changes,
avoid costly errors, get better
reporting and make good decisions.
Here is how you can manage your
business finance while keeping your
startup on track with a cloud
accounting solution.
1. Remote Access & Multi-user Collaboration
Have you ever faced a situation where you left
an important accounting file in your office
computer but you wanted to work from home?
That’s never a problem with cloud accounting.
You can access your accounting software and
data anytime, anywhere even on any device.
Also, multiple users can collaborate easily on
your accounting documents at the same time.
Because accounting software is hosted in the
cloud, not on local computers, now, you and
your team member only need a computer
system with an Internet connection to
collaborate.
Your startup data is crucial. And cloud
is one of the most secure ways to store
your data.
Unlike local systems, in which a hard
disk crash or other man-made error can
destroy all your accounting data, in
cloud accounting your data is fully
secured and backed-up 24x7.
In cloud accounting, your data is saved
in multiple data centers across multiple
locations with antivirus, encryption and
firewall solutions, which can be
retrieved anytime in case if any disaster
strikes.
2. World Class Security
There is no denying that every startup owner
suffers from time and cost constraints.
According to CB Insights, 29% of startups fail
due to simply run out of cash.
Cloud accounting can help startups save both
money and time. You don’t need to have any
system administration or maintenance, extra
local computers, or costly software upgrades.
Instead, they are managed by your cloud
hosting provider.
With a pay-as-you-go subscription model,
you never need to over-provision and have a
large initial investment in your accounting
system.
3. Time and Cost Saving
Cloud accounting saves the latest version
of your accounting file, so you're never in
danger of having an outdated version of
the document.
All updates and software upgrades are
made in the background without
interrupting your work.
Plus, cloud functionality is automatically
adapted to your device features, which
saves your staff from making changes and
other manual work, thus freeing up them
for other projects.
4. Automatic Updates and Software Upgrades
Cloud accounting allows you have a better
control on your accounting data and
resources, an in-depth, real-time and up-
to-date view of your business accounts.
It also offers scalability where you can add
or remove resources as you grow.
You get a consolidated performance
analysis, that you can easily turn into
actionable insights to take better decisions
and formulate new models for your
startup business.
5. Better Business Decisions
Build a more successful startup and do a hassle-free accounting with Ace
Cloud Hosting. Get 3 Months of Free Hosting of QuickBooks (or any
licensed accounting software) with Ace Cloud Hosting for your startup.
With cloud accounting, spend more time doing what you love.
About Us
Ace Cloud Hosting is an Intuit authorized
Premier Reseller and commercial host for
QuickBooks software and cloud
accounting provider to CPAs,
bookkeepers, startups and SMBs.
As winner of 2016 Accountex USA User
Favorite Awards for hosting category, we
provide cloud accounting solutions that
enable startups and SMBs to run their
whole accounting better.
Visit us at www.acecloudhosting.com or
call us at +1-855-219-0431
LIKE THIS DECK?
GET IN TOUCH!
Follow us for ore great co te t……
Also Check Out Some of Other Slideshares.....
References
Accounting For Startups – Forbes
The Top 20 Reasons Startups Fail – CB Insights
5 Reasons Why Your Start-Up Needs an Accountant – Huffington Post
Cloud Accounting for Startups and SMBs: Blog Series – Ace Cloud Hosting
Image Credit: Pixabay.com, Pexels.com, and Unsplash.com

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5 Ways How Cloud Accounting Benefits Early-Stage Startups

  • 1. 5 Ways How Cloud Accounting Benefits Early-Stage Startups
  • 2. Running a startup is exciting as it opens opportunity to be creative and still remain in control. As a startup owner, you invest all your energy and time in nourishing your startup. But to make profit, you need a solid accounting system to ensure your cashflow is well managed and your startup is turning a success.
  • 3. Many startups start their accounting with spreadsheets, but, it is an error-prone accounting method and requires a lot of manual efforts. And what if you are not an accounting expert or don’t have enough time to handle accounting due to other business priorities?
  • 4. Relying on accounting software hosted on the cloud can help you save time, make real-time changes, avoid costly errors, get better reporting and make good decisions. Here is how you can manage your business finance while keeping your startup on track with a cloud accounting solution.
  • 5. 1. Remote Access & Multi-user Collaboration Have you ever faced a situation where you left an important accounting file in your office computer but you wanted to work from home? That’s never a problem with cloud accounting. You can access your accounting software and data anytime, anywhere even on any device. Also, multiple users can collaborate easily on your accounting documents at the same time. Because accounting software is hosted in the cloud, not on local computers, now, you and your team member only need a computer system with an Internet connection to collaborate.
  • 6. Your startup data is crucial. And cloud is one of the most secure ways to store your data. Unlike local systems, in which a hard disk crash or other man-made error can destroy all your accounting data, in cloud accounting your data is fully secured and backed-up 24x7. In cloud accounting, your data is saved in multiple data centers across multiple locations with antivirus, encryption and firewall solutions, which can be retrieved anytime in case if any disaster strikes. 2. World Class Security
  • 7. There is no denying that every startup owner suffers from time and cost constraints. According to CB Insights, 29% of startups fail due to simply run out of cash. Cloud accounting can help startups save both money and time. You don’t need to have any system administration or maintenance, extra local computers, or costly software upgrades. Instead, they are managed by your cloud hosting provider. With a pay-as-you-go subscription model, you never need to over-provision and have a large initial investment in your accounting system. 3. Time and Cost Saving
  • 8. Cloud accounting saves the latest version of your accounting file, so you're never in danger of having an outdated version of the document. All updates and software upgrades are made in the background without interrupting your work. Plus, cloud functionality is automatically adapted to your device features, which saves your staff from making changes and other manual work, thus freeing up them for other projects. 4. Automatic Updates and Software Upgrades
  • 9. Cloud accounting allows you have a better control on your accounting data and resources, an in-depth, real-time and up- to-date view of your business accounts. It also offers scalability where you can add or remove resources as you grow. You get a consolidated performance analysis, that you can easily turn into actionable insights to take better decisions and formulate new models for your startup business. 5. Better Business Decisions
  • 10. Build a more successful startup and do a hassle-free accounting with Ace Cloud Hosting. Get 3 Months of Free Hosting of QuickBooks (or any licensed accounting software) with Ace Cloud Hosting for your startup. With cloud accounting, spend more time doing what you love.
  • 11. About Us Ace Cloud Hosting is an Intuit authorized Premier Reseller and commercial host for QuickBooks software and cloud accounting provider to CPAs, bookkeepers, startups and SMBs. As winner of 2016 Accountex USA User Favorite Awards for hosting category, we provide cloud accounting solutions that enable startups and SMBs to run their whole accounting better. Visit us at www.acecloudhosting.com or call us at +1-855-219-0431
  • 12. LIKE THIS DECK? GET IN TOUCH! Follow us for ore great co te t…… Also Check Out Some of Other Slideshares.....
  • 13. References Accounting For Startups – Forbes The Top 20 Reasons Startups Fail – CB Insights 5 Reasons Why Your Start-Up Needs an Accountant – Huffington Post Cloud Accounting for Startups and SMBs: Blog Series – Ace Cloud Hosting Image Credit: Pixabay.com, Pexels.com, and Unsplash.com