The Benefits of Cloud Accounting for Small Businesses
How businesses keep on top of invoicing has changed drastically over the past few years. More businesses are switching to the cloud to help streamline their accounting processes. Cloud accounting has many benefits for small businesses.
Gallagher Keane are experts in Xero cloud accounting, which has many benefits for your business.
The Main Benefits of Cloud Accounting
Access Your Numbers at Anytime
Xero gives you access to your figures at any time. To keep up with business on the go, you can even access your invoices using the Xero mobile app. This gives you added flexibility, meaning you do not need to be sitting in your office to check your cash flow or access your accounts.
Up to Date Business View
When your data is in the cloud, you will always have an up-to-date view of your financial situation. This allows you to make better informed decisions. Using traditional accounting methods, you would have to scroll through pages of reports. Now your businesses accounts are in real time.
Build Relationships with Your Accountant
With Xero’s Single Ledger Approach, you and your business advisors are always looking at the same online ledger. This means you will get a much deeper client/accountant experience and can talk about your finances in real time.
Xero allows you to import paperwork straight into your accounting software, moving your data straight into the digital realm. This minimises the risk of manual error, and results in faster more efficient finances.