6 Benefits of Cloud Accounting for Your Small Business

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6 Benefits of Cloud Accounting for Your Small
Business
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• Safeguarding your businesses financial data is
  essential, and the most secure way to do this
  nowadays, is with the help of cloud accounting.
  Not only can it safeguard your data, but it can
  transform your financial administration and make
  all of your bookkeeping and accounting
  procedures, far more efficient.
• Fortunately, there are plenty of reputable tax
  and accounting companies out there who use cloud
  accounting, meaning that you can take advantage
  of its many security features, and still be able
  to access the information you need, whenever you
  need it, and from wherever you happen to be!

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• Here is a brief guide to cloud accounting along
  with the many benefits you can gain from it
• What is cloud accounting?
• Cloud accounting, or more simply referred to as
  online accounting, gives you all of the same
  functions as desktop accounting, but the entire
  process is elevated to the cloud and expanded
  upon. All of your data is securely stored on a
  cloud server, and you can access it by logging in
  to an online solution thats continually being
  updated.

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• Third party software can also be connected with
  your system to provide you with even more
  benefits as a business owner.
• How could your small business benefit from cloud
  accounting?
• Below are 7 benefits of cloud accounting for your
  small business
• 1.You can gain access to your accounts, from
  anywhere
• Giving you access to the data you need, whenever
  you need it and from any location with an
  internet connection, you can simply log in via a
  web browser and access your accounts from your
  laptop, phone or tablet.

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• 2.Get real-time information
• When you work with a tax and accounting firm who
  use cloud-based solutions to keep your
  bookkeeping and bank reconciliation up-to-date,
  you can benefit from real-time reporting, rather
  than basing your information on outdated reports,
  to give you a more accurate overview of your
  companys financial standing.

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• 3.Benefit from live bank feeds
• You can link your banking directly with your
  accounting when you use a cloud accounting
  platform with live bank feeds, meaning you no
  longer have to key in manually each bank
  statement line, or upload a CSV file that youve
  downloaded from your internet banking portal.
  This helps to speed up bank reconciliation, while
  at the same time, giving you a much more accurate
  picture of your bank balance.

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• 4.Use the latest software version always
• Reducing the need for inconvenient and costly
  software updates, cloud accounting uses the
  latest software version by default all you need
  to do is simply sign in to the platform and start
  working.
• 5.Share data securely
• Granting official access to your accounts is
  simple and secure with cloud accounting, so your
  bank or tax professional can look at your
  financial data without the need for USB memory
  sticks or correspondence via email.

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• 6.Make payments simpler
• By connecting your online accounting and invoices
  with the help of payment apps, you can enable
  customers to make payments to you automatically,
  which has many benefits for businesses, including
  reducing the amount of administrative work
  needing to be carried out.
• Many small businesses have already discovered the
  benefits of cloud accounting for themselves, and
  are working with tax and accounting professionals
  who use it to help their clients gain secure
  access to their data, as and when they need it.

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• At Heyer Associates, we proactively assist our
  individual and small business clients in meeting
  their goals. Our key area of focus is ensuring
  that our clients remain compliant with federal
  and state tax laws by providing them with high
  quality accounting and tax services in Fort
  Lauderdale. If you are looking for individual
  accountant in Fort Lauderdale, Heyer Associates
  would be a right option.