The document outlines 5 reasons why accountants should use cloud computing: 1) flexibility, convenience and efficiency from accessing data anywhere anytime; 2) cost and time savings from reduced infrastructure costs and maintenance; 3) safety and reliability from secure data storage and backups by experienced cloud vendors; 4) meeting rising consumer expectations for cloud services; and 5) enabling real-time accounting for better business decisions. The cloud allows accountants to securely collaborate and share data while reducing costs compared to traditional IT infrastructure.

1. 5 Reasons Why
Accountants Should Use Cloud Computing

2. We use “cloud” in our personal lives on a daily
basis - even if we don’t know it.

3. For tax and accounting professionals, cloud can
mean securely storing and accessing
accounting data and software online.

4. According to Network Management Group Inc. and
Insight Research Group survey done in 2014 -
41%
of professional
accounting firms were
not currently using any
cloud services
31.7%
Saying that they are
likely to implement a
cloud accounting
services over the next
two years.

5. But can cloud technology really help accountants
meet client’s expectations?

6. Here’s why -

7. 1. Flexibility, Convenience
and Efficiency

8. Cloud Technology helps you access your accounting data
anywhere, anytime which thereby helps you better
collaborate with your colleagues working in multiple
locations.

9. You can extend data access to your client,
allowing them to view their business progress
any time.

10. All this helps to boost your firm’s productivity
and efficiency.

11. 2. Cost and Time Savings

12. Traditional business model requires a large upfront
cost in creating and maintaining IT infrastructure and
employees to manage this.

13. Cloud services reduce the cost and time associated
with infrastructure and need for in-house IT staff.
Just pay- as-you-go.

14. Also, Cloud service provider handles server and
software maintenance itself.

15. 3. Safety and Reliability

16. Every accountant is concerned about the client’s
data.

17. It’s important to choose cloud vendor with at least 3
to 5 years of experience in the cloud and have some
security certifications such as SSAE16 and SOC2
Audit.

18. Overall, cloud technology offers great security and
data availability in case of disaster or emergency.
Cloud service provider takes multiple and continuous
backup of data for such scenario.

19. 4. Consumer Expectations

20. The widespread use of cloud computing in consumer
space is driving its transition in fields like accounting
and tax.

21. It’s crucial for accountants to embrace and
implement cloud technology in their business model
to meet consumer demand, firm’s productivity and
competitiveness.

22. 5. Better Business Decisions

23. Traditional business methods require you to do
accounting manually, hence your accounting data is
lagging behind reality.

24. Cloud makes accounting in real time and up-to date.

25. Thus you are able to take better business decision
anytime, anywhere faster than ever.

26. There is so much in the cloud. Why not fly?

27. About Us
Ace Cloud Hosting powered
by Real Time Cloud
Services (RTCS), is an
Authorized commercial
Cloud QuickBooks Hosting
and Application Hosting
Service provider to CPAs,
SMBs, Bookkeepers and
ranks amongst the leading
QuickBooks hosting
providers.

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29. References:
http://www.accountingtoday.com/news/technology-products/why-tax-and-accounting-
professionals-should-take-a-walk-in-the-cloud-73783-1.html
http://www.acecloudhosting.com/blog/2404_10-benefits-of-cloud-computing-for-smbs/