Using a small business accounting software can be a lot easier if it’s available via the cloud. Traditional accounting can just take too much effort and time and doesn’t add value to your business. Cloud accounting, on the other hand, can save you time and money with the help of a Xero bookkeeper Melbourne.
Cloud accounting makes data and software accessible online anywhere and anytime from any device. The data is up to date and can be accessed by multiple people. It’s secure, reliable, scalable and cost effective. As a business owner, you can stay connected to your data and accountants easily via the cloud. You won’t even need to install and run applications on a computer.
The cloud is one of the most secure information storage around because unlike a hard drive, no one will be able to access your data without your log in credentials. In case of a disaster, there won’t be any downtime for your business as your data is stored off site.
Because of cloud accounting, your accountant and Xero bookkeeper Melbourne can now offer bookkeeping packages and full virtual CFO services. We can now handle compliance and internal reporting – costings, monthly reports and projections, among others. For a fraction of the cost of an in-house team, we can provide you with our combined skills and experience in handling finance work such as payroll, transaction processing and bank reconciliations, accounts payable and receivable, inventory management, BAS lodgements, WorkCover and Payroll Tax, performance monitoring, budget, forecast and cashflow management, tax planning, etc.
Cloud accounting can give you a clear overview of your financial position and allow multi-user access for easy collaboration online with your team and advisors. You won’t need to worry about upgrades, maintenance or system administration. Small businesses that work closely with accountants have more control of their businesses and reap significant benefits.
As you look for different ways to grow and improve your business, seeking professional advice from a business accountant and consultant could prove to be an important and helpful decision.
You can click here to speak to a business expert and Xero bookkeeper Melbourne. We would love to help you formulate investment strategies and streamline your processes to take your business to the next level. Our goal is to help you grow your business, find ways to invest more and increase your productivity.