Are you still looking for reasons to switch to the cloud? Your CPA firm can eliminate a lot of its manual work, save money on wages and on maintaining an IT infrastructure, have a renewed focus on clients, by switching to the cloud. However, since accounting is still a very traditional business, many CPA firms are still reluctant about making the move.
At MyQBHost, we are among the earliest proponents of cloud computing. We provide cloud-based accounting solutions such as QuickBooks Hosting. We also host tax preparation software on the cloud, and provide services such as ProSeries Tax software, ATX Tax Software, Quicken, Lacerte Tax Software and Drake Tax Hosting.
We realize that switching to the cloud may appear daunting at first. But you are already using so many cloud-based services already. You’ve no doubt seen movies on Netflix – don’t you know that the movies are hosted on the cloud?
Perhaps you’ve ordered music on Spotify or bought Kindle books on Amazon Prime – even they are cloud-based services. The cloud is all around us, so making the switch to cloud accounting is not really as much of a leap of faith as you had thought.
If you’re still searching for reasons to make the switch to the cloud, read on!
Reason #1: Eliminate unnecessary tasks
One of the advantages of switching to the cloud is that it saves you time and money. With cloud accounting solutions such as QuickBooks on the Cloud, you will get an anytime, anywhere access, which means you don’t need to be in your office to work on the accounting data. You can use the accounting software – QuickBooks in this case - no matter where you are in the world, from home, from a coffee shop, or from a beach in Thailand.
Also, you won’t need to do any of the manual data entry tasks such as entering financial information or collecting receipts and invoices. The entire data entry process is fully automated. You can instead focus on high value work, such as communicating with clients and strategizing on how you can help them save money on their taxes.
Reason #2: Real time access
With cloud accounting, you will have access to all the data your need in real time. Literally, the date is at your fingertips. You can access data records and update accounting files as you would like to, and collaborate with them with other members of your staff based on their level of authorization.
Reason #3: Everything is automated
Not so long ago, offices of accountants had over a third of the space taken up by wall to wall filing cabinets, which were filled with invoices and receipts. During the time of the tax season, an accountant’s office would resemble a war zone, with all the papers strewn over the table and even on the floor.
Now, with cloud accounting, everything is stored on a remote server on the cloud in the electronic format. Data is easy to access and you can search for anything, using online search tools. There is no need for physical backups either – your data is backed up daily on multiple servers around the world, which allows for maximum data redundancy.