Do your accounting in the clouds. It gives you lots of benefits.
If you wonder what is cloud accounting, it is definitely something you as a self employed worker should pay attention to whether you are alone in your business or have people in your hire and run a medium sixed company.
When creating self employed income you add some responsibilities you may not be too fond of, such as accounting.
The need of pen and paper is long gone history in all accounting. Now Excel spreadsheets or expensive accounting software also belongs to history
Finding a good accountant that has your primary interests in mind, may not always be that easy. Especially if you’re living at a small place with limited services offered or limited competition.
With cloud accounting all that changes. The cloud accounting software is stored on secure servers. You can buy a subscription to the program and never have to think of updates. If you find an easy to use software, you can do all your accounting yourself. I’ve reduced my accounting expences dramatically this way.
If you choose to have someone skilled to do it for you, you can look for an accountant anywhere in your country or in a low cost country for that matter and give your accountant access to your software subscription. With cloud accounting you have the freedom to choose an accountant you rely upon and one you communicate well with if your local options are more of the grumpy and less service minded kind.
5 More Benefits with Cloud Accounting
- With cloud accounting software your freedom increases dramatically .You can access your accounts from anywhere in the world as long as you can access Internet from your mobile phone or your lap top. You can travel anywhere and still keep your appointment with your accountant since you now can meet online.
- You can reduce your accounting cost by doing it all by yourself or do the data entry and then leave the rest to your accountant.
- You keep good track of your financial situation. You have access to your data anytime you need them – 24/7/365. You’re no longer dependant of the time schedule of your accountant to be informed about your financial situation.
- If you’re picking a company guaranteeing high security, your peace of mind is taken care of as well as your data is stored in highly secure facilities.
- Cloud accounting is a highly flexible solution and if you choose a company delivering a comprehensive software, your subscription can grow with your business. You may just as well relocate and grow your business anywhere and yet keep the same accounting solution.
I hope this answered your question about what is cloud accounting and the benefits you may have by choosing it. You can read about my choice of company here.
Aase K – the self employed income coach
PS
If you have an accounting story you want to share, please leave a note. I would like to hear about it.
