What is Cloud Accounting?

Cloud accounting software is like the self-installing software packages you may get on a disk or must download off the internet. However, it is hosted on remote servers by the creators of the software.

All the functions on the programme are performed off-site, rather than the user’s desktop.

Using cloud accounting software frees the business from having to install and maintain software on individual desktop computers, and it also encourages collaboration with other staff within the team, as more than one person can access the same information.

It can also allow our clients to view the same data as our accountants, as they can access the same software from their computers, even if they are in a different location. It also means our clients can view real-time finance information.

What are the benefits?

Cloud-based software can be used from any device with an internet connection. Online accounting uses this software, therefore, means that business owners can stay connected to their data and their accountants. Each software comes with their own ecosystem, but they can be partnered with a variety of add-ons to make your financial management easier.

In case you were concerned about the security complications with storing your financial data with another company, storing your data in the ‘cloud’ is one of the most secure ways to store information.

For example, if your laptop is stolen, no one would be able to access your data from it unless they had the login details to your online account. The same would go for if your systems were damaged in a disaster or fire because your data isn’t stored locally, you wouldn’t lose anything.

How can we help you?

When you are partnered with Merranti Accounting to use a cloud accounting software, we will teach you how to get the most out of the software.

We have been specialised in Cloud Accounting for over five years now, whether it be QuickBooks, Xero or Sage. We can assist you in making the change or improving your use of your chosen accounting software.