We often hear about online software programs, which are said to be more efficient when it comes to keeping track of business transactions and records. While many have attested to its impressive benefits, there are still others who are hard as rock and still choose to stick to the traditional ways of accounting. Let these 10 reasons convince you to ditch the spread sheet and switch to cloud accounting software.
1. It’s flexible.
No need to be stuck in the office to do accounting works. With cloud accounting, you can work anytime, anywhere, as long as there’s Internet connection. You’re no longer restricted to just one computer either, as the program is accessible by anyone authorized, whether they are using a desktop, laptop, or smart phone.
2. It’s easy to use.
If you’re using PC-based Singapore accounting software that’s only installed on one unit and requires complex steps to use effectively, then you’ll find cloud software’s ease-of-access and user-friendliness a refreshing change. Those processes that you find difficult to master can be executed by just about anyone. Many software vendors also have 24/7 customer service to help you with your concerns.
3. It’s secure.
Using an online accounting program saves you from the regular backup required with a PC-based program. Accounting software providers guarantee that your business information is kept secure and safe at all times.
4. It has competitive prices.
There’s a sea of great providers of cloud accounting system. All you have to do is Google search them and compare offers and company credibility. Due to tight competition, consumers can benefit from competitive pricing.
5. It runs a single user interface.
Regardless of where the information is accessed and who accesses it, they can view the same information. Having a single interface makes communication with your accountant and/or business adviser easier. You can do collaborative works with your co-workers in real time to check sales, cash flow, and many more. This also allows you to look for ways to minimize tax bills.
6. It provides more accurate data.
Not only is manual processing tedious, it’s also more prone to errors. With cloud accounting software, duplicate entries, fraud and other discrepancies on http://www.million.sg/ from Singapore are easily detected because the entire process is fully automated. You also get to save more time from locating and checking internal errors.
7. It can be integrated with other business apps.
Many accounting software can be integrated with existing business-related programs. When you incorporate several apps into your accounting system, you can get a more comprehensive overview of the business.
8. It gets you paid faster.
Overall, online-based accounting is a much faster process. You don’t have to worry about forgetting on collecting on an invoice because you can easily use an invoice-specific app to send out reminders to your clients via email. As a result, you get paid faster and improve your company’s productivity.
9. It provides better opportunities for the business.
Cloud accounting software can help Singapore businesses in tracking trends, loses, and profits. This function greatly helps corporations discover new opportunities and plan for better tactics that will improve their revenue.
10. It encourages better productivity.
A cloud accounting system requires less input, but has the ability to produce output in a faster and more efficient manner. Armed with updated and accurate information, it’s easier to make better decisions, increase productivity, and expand your business.
These reasons, alongside with many others, are the reason why many Singapore corporations are switching to cloud infrastructure for their accounting system. It doesn’t only offer great user experience, but also adds value to clientele services.