4 Ways Cloud Accounting Boosts Your Business

4 Benefits of Using Cloud-Based Accounting For Business

🌐 Access Your Accounts Anywhere Cloud accounting eliminates the need for having an office-based computer. You have access to your business numbers 24/7, from any location as long as you have internet access. All you need to do is log in via a web browser, or use your software’s mobile app to access accounts from your phone or tablet.

🔢 A Complete Up-To-Date Overview Of Your Numbers When your data lives in the cloud, you can get an up-to-date overview of your current financial position at any time. Instead of looking at historical reports that are days, weeks, or even months out of date, you have real-time reporting, analytics and an overview of your finances. This information is vital when planning future spending and making strategic decisions as a management team.

📶 Convenient and Secure Data Sharing Cloud-based accounting allows you to easily grant remote teams and branches access to your accounts. There’s no need for hard drives, USB sticks or sending emails back and forth. Your team and advisers have convenient and secure access to all your financial data whenever they need it.

🔐 World-Class Security As a business owner, you may be concerned about the security and data privacy of keeping your data online. Rest assured the cloud is one of the most secure ways to store information. For example, using cloud software, if your laptop is stolen, or you lose your USB stick, no one can access your data unless they have login access to your account.

Your data lives online on secure servers – as opposed to tangible storage devices. This means all data is backed up and retrievable should any unexpected disasters or events occur.

In addition to this, software providers acknowledge their responsibility in maintaining the security and privacy of their customer’s data. That’s why they spend a significant amount of time and resources to ensure their servers maintain a world-class level of security and integrity – more than what their customers could achieve themselves. If you use online banking, then you’re already primed to use cloud accounting. We chose to partner with Xero in 2011 to provide businesses with a smarter way to manage their accounting and finances on a platform that’s already a leader in the cloud accounting space.

Our specialisation in single-touch payroll systems, migration services, and overall advisory services makes us the perfect Xero partner for businesses. Lucent Advisory is here to help with the establishment and ongoing support of your Xero account. We understand the switch to a new accounting program can be a daunting one, our team is with you every step of the way. Get in touch with us today.

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