Your Cloud Accounting Questions Answered

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Your Cloud Accounting Questions Answered
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• There are multiple advantages to cloud
  accounting, and if youre an accountant or
  bookkeeper keen to give your clients the best
  service you can while increasing your own
  efficiency, you might be well versed in all of
  them. However, for those who are not, or for
  those who wish to explain cloud accounting in
  more detail to their clients, check out the
  answers to some commonly asked questions below
• What is cloud accounting?
• Instead of storing and accessing data and
  programs on a computers hard drive, cloud
  computing stores it all over the internet with
  the cloud being a metaphor for the internet.

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• What are the advantages of cloud accounting?
• Some of the most common benefits of cloud
  accounting include but are not limited to the
  following
• You can automate a range of manual bookkeeping
  and accounting processes
• Enabling accounting professionals and their
  clients to save time, automated processes
  increase efficiency and promote business growth.

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• Data can be accessed from anywhere
• Irrespective of the location or device, with data
  made so readily accessible, accounting
  professionals can serve their clients better.
• Data can be updated in real-time
• Businesses are given the opportunity to make
  swifter, more informed decisions about their
  financial circumstances when they can access
  their financial data in real-time.

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• Businesses can scale their processes to meet
  their growth needs
• Cloud accounting software can easily support even
  the most rapid of growth.
• Your business can go paperless
• Beneficial for the environment and from the
  perspective of cost and office space, cloud
  accounting eliminates the need for paper
  documents.
• You can lower costs
• There are myriad costs associated with
  traditional forms of software, but with cloud
  accounting, these are all but eliminated,
  enabling you to save money.

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• How secure is cloud accounting?
• Cloud accounting software has many security
  advantages, and with each solution having its own
  security policy outlining how it protects
  sensitive data, not to mention measures such as
  multi- factor authentication and encryption in
  place, sensitive data has never been safer than
  when stored in a cloud accounting system.

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• What will happen if you dont make the transition
  to cloud-based technology?
• The world of accounting is changing by the year,
  and if you want your business to keep up with the
  times and attract and retain a loyal customer
  base, youll need to make the transition to cloud
  accounting, and sooner rather than later. If you
  outsource any of your accounting and bookkeeping
  needs, theres a strong chance that the service
  provider will use cloud accounting, and so, if
  you want to reap the rewards of a cloud-based
  solution without committing to it in your own
  business, then outsourcing could be the answer.

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• To find out more about cloud accounting or
  outsourcing, reach out to a reputable accounting
  and/or bookkeeping professional, today.
• 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 service Coral Gables.
  If you are looking for individual tax preparation
  in Miami, Heyer Associates would be a right
  option.