Why Use Cloud Accounting Software For Your Small Business?

Running a Business

An increasing amount of businesses, both big and small, are discovering the benefits of cloud accounting software. It’s a great way of controlling your finances, including keeping on top of bookkeeping and payroll, without the hassle. Sounds good right? If you’re new to what cloud accounting is or looking for the best solution for you, take a read of our guide below.

What is Cloud Accounting Software?

Cloud accounting software (also known as web-based accounting software) allows users to access a remote online application via a cloud application provider. Data is then stored in ‘the cloud’ through a personal login rather than on a hard drive or in paper form.

Small businesses are implementing cloud accounting software now more than ever and find it most beneficial. When running a small business, it can be hard to find time to manage finances as well as the day-to-day running of the business. Therefore, cloud accounting software is a fantastic way of making all of this manageable. Raise invoices, record purchases and manage bank transactions all in one place.

Benefits of Cloud Accounting Software

1. Up To Date

There’s no need to install and maintain up-to-date software on individual desktop computers. Free updates and subscription to Xero accounting software is included in all of Byte’s accounting packages.

2. Accessibility

Cloud accounting software can be accessed anywhere that you have an online connection. Run your business from work, home or on the go.

3. Security

The cloud is one of the most secure ways that you can store information. Only those that have a login to the account have access. This is much more secure than emailing files or sharing documents on a USB stick.

4. Collaboration

You can give multiple users access to the software so it easy to collaborate with advisors or your team. This avoids requests like invoices having to be passed through via email.

About Xero Accounting Software

Here at Byte, we offer Xero accounting software as well as providing you with a dedicated accountant to offer advice and help your business grow.

Why do we like Xero? Well our clients find it the easiest software to use, even those who are trying an online solution for the first time.

It also comes with an easy to use app which makes logging on and recording things on the go hassle-free.

Xero integrates seamlessly with ReceiptBank, another software solution that we recommend and provide here at Byte. This software makes bookkeeping a breeze!

Would you like to know more about how Xero works before signing up? Our certified Xero advisors can provide a 1 hour training course. Find more information about this here.

With all of our packages you’ll get a standard Xero and ReceiptBank subscription. Our Kilobyte package starts from just £175 per month. View our packages here.

Alice Written & Posted by
Alice
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