As a Melbourne Bookkeeper, I come across clients every now and then who are curious about Cloud Accounting but are reluctant to change. We are establsihed cloud accounting package providers based in Lynbrook.In this article I have tried to explain the benefits of Cloud Accounting over the traditional Desktop Accounting programs.
Cloud Accounting efficiently offers its users with similar features as programs like MYOB and QuickBooks in terms of invoicing, purchasing, payroll, inventory etc. It also provides additional features such as access to real time information such as cash flow by live Bank Feeds, online invoicing etc. As cloud accounting uses the internet, it can be used from any computer around the world with an internet connection. The users are not just stuck with the computer that has the software installed on it and access to the information is lot more easier when on the move with the introductions of Apps for the latest smart phones and tablets. However for cloud accounting to operate efficiently the consumer would need to have a relatively speedy and reliable internet access.
The two most widely used Cloud Accounting systems in Australia are SAASU and XERO.
Company information is available to you, your bookkeeper and accountant anywhere in the office, home or on the go, as its all browser based. You are able to run reports and get a better understanding of where your business stands at any point of time. You are able to export the reports into a spreadsheet if required like the other Accounting systems. It eliminates the need of sending the paperwork and company files back and forth to your bookkeeper and accountant. Both these programs enable to email out the invoices, payslips, purchase orders etc and well as print them. The templates for various forms such as invoices, payslips, customer statements are also customizable.
You don't need to worry about the backups or the security of the data. The ease of getting access to the business financials is one of the best features Cloud Accounting services offers.
Business Owners have the peace of mind realizing the information is secure and always backed up. It also reduces the IT costs of the businesses as they don't need to invest in licenses for an additional employee to access the company file and don't have to pay the yearly membership to keep up with the latest tax tables. The pricing of these two Cloud Accounting systems is a monthly subscriptions split into few levels based on the requirements of the business.
All charges feature a free trial offer and the opportunity to terminate at any time. Unlimited users are permitted, along with great customer service and support. Monthly pricing for SAASU and XERO is available on their websites on the following links respectively is available at http://www.saasu.com/pricing/ and http://www.xero.com/pricing/.
One advantage SAASU offers is the fact that any new upgrades including the updated tax tables are totally free and are automatically integrated. I also personally like the inventory feature of SAASU better.
We at Bookkeeping Service and Tax Accountants Cranbourne with our vast range of experience can help you with any kind of accounting programs be it MYOB, QuickBooks or Cloud Accounting. If you are unsure about which accounting program would suit your requirements, get in touch for a free consultation and we can evaluate your requirements and recommend the suitable accounting system.
For business owners we provide a variety of expert services ranging from standard bookkeeping and accounting, tax planning, preparation and lodgement, restructures, company financial's cash flow and budgeting.