There’s a better alternative.
Cloud accounting software.
What is Cloud Accounting Software?
Cloud accounting software means using the Internet to access accounting software as a service, rather than having to physically install and maintain the software onto your computer.
You actually already use cloud services. For example, if you have a Gmail, Hotmail or Yahoo email account then you are already accessing your email account in the cloud.
Cloud accounting is the same principle – applied to your accounting software.
Cloud accounting software is taking off as the preferred accounting system for small businesses.
The reason for this is simple.
Cloud accounting systems save businesses time. This is because they’re smarter, easier to use and easier to maintain than traditional desktop accounting software.
Cloud accounting services provide accounting software as a Web-based service.
You enter your accounting data into the cloud accounting system. From there it is automatically encrypted for security and stored at your account with the accounting service provider.
In addition, you can keep a backup of your data on your own computer, as well as at a secure third party location.
Cloud-based accounting systems make it easy for you to download a backup of your data. They will even send you a copy automatically by email on a regular basis if you wish.
Accountants are now familiar with cloud accounting software. Provided you use one of the most popular systems, your accountant should have no difficulty in working with the system.
What Are The Benefits of Cloud Accounting Software?
The great benefit of cloud-based accounting software is that it saves you from having to physically install and maintain the software on your computer.
You no longer have to worry anymore about software updates either.
The accounting software is instantly accessible without you having to install anything. All you need is a web browser, which all computers already have.
This is a BIG time saver.
What’s more you can access the accounting system from anywhere using any computer. You’re not restricted to any one location or any one particular computer. This gives you much more flexibility.
Cloud accounting is especially suitable for startups, and for people who are completely new to accounting or accounting software
The prices of cloud accounting systems vary, but most offer monthly payment options, with discounts for longer term subscriptions.
Who Are The Top Three Cloud Accounting Software Providers?
There are now a large number of different cloud accounting software providers.
Amongst the most popular are three cloud accounting services in particular that I can recommend.
All of these three are well-established with mature software and large customer bases.
Check out their websites for more information:Disclosure: The above article may include affiliate links for products and services for which this site may receive remuneration.
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