Many people choose to start a small business. Their motivation to do so varies. It may be they’ve identified a niche in a market that they can service. And sometimes they’ve simply had enough of the constraints of full-time employment. Whatever the reason, one thing is usually true. They want to concentrate on doing business without being bogged done by the bean-counting stuff. Fortunately, for modern small businesses, there’s a growing choice of accounting and business management software available. All of which are increasingly available ‘in the cloud’. Essentially, these systems are designed to streamline everyday headaches like invoicing, receipts and bills. So, what are the best options for a budding entrepreneur and what are the benefits of cloud for business?
Cloud for Business Top Benefits
There’s no doubt that cloud for business and particularly cloud-based accounting is here to stay. In fact, popular accounting software providers like Quickbooks, Xero and Sage are beginning to phase out their desktop offerings in favour of the cloud version. The time to migrate to a cloud-based accounting program is now. Here are the top 3 reasons to make a move.
1. Access from anywhere
A distributed workforce can access and update the system no matter where they are. For instance, an on-the-road salesman can easily keep up-to-date with his expenses, or a manager can check an invoice while onsite with a client.
2. Maintain relationships
Being able to access invoices and receipt from anywhere means any issues with clients, vendors or suppliers can be quickly fixed. Therefore, there’s no need ‘to sort it as soon as I get back to the office’, you can do it now.
3. Integrate a broad suite of business apps
Once your business starts using ‘cloud for business’, it becomes beneficial to use a whole range of other secure cloud-based applications. Ultimately, this means less paperwork, a streamlined workflow and quicker response times for clients and suppliers.