{"id":5760,"date":"2023-01-14T08:00:35","date_gmt":"2023-01-14T13:00:35","guid":{"rendered":"https:\/\/www.ascloudservices.com\/make-the-switch-to-cloud-based-accounting\/"},"modified":"2023-01-09T16:17:09","modified_gmt":"2023-01-09T21:17:09","slug":"make-the-switch-to-cloud-based-accounting","status":"publish","type":"post","link":"https:\/\/www.ascloudservices.com\/make-the-switch-to-cloud-based-accounting\/","title":{"rendered":"Make the Switch to Cloud-Based Accounting in 2023"},"content":{"rendered":"

If you\u2019ve been considering making the move to a cloud-based accounting system, you\u2019re not alone. Cloud technology has impacted many business functions, including making managing financial aspects of your business easier and more efficient.<\/p>\n

Cloud-based accounting moves your accounting from being hosted on your computer\u2019s harddrive to an online platform. Cloud-based platforms like QuickBooks and Xero offer important features that save you time and money, freeing you up to focus on other important business activities.<\/p>\n

Here are 4 reasons to switch to a cloud-based accounting system.<\/p>\n

1. Efficient invoicing<\/h3>\n

If your business relies heavily on invoicing, an online accounting system like QuickBooks or Xero makes invoicing incredibly efficient. You can email invoices to clients directly through your software and track how long it\u2019s been since the invoice went out.<\/p>\n

Clients pay you through a link attached to the invoice, making the payment process easier for them, which increases the likelihood they\u2019ll pay you sooner. If they pay through the system, your platform will mark the invoice as paid automatically. If their payment is late, the system alerts you.<\/p>\n

Further, you can set up your software to send automatic reminders about late payments. Taxes are automatically calculated for you and you can set up recurring invoices and retainers to further automate your invoicing.<\/p>\n

2. Paperless accounting<\/h3>\n

Managing your accounting through a cloud-based system enables you to move away from paper accounting. You don\u2019t have to worry about where or how to store years of paperwork and files because everything is securely stored in the cloud. Likewise, you don\u2019t have to go through boxes of files to find a receipt from two years ago, you can simply access the information through your computer.<\/p>\n

It\u2019s easy for you to share your records with your accountant, bookkeeper or anyone else who may need to collaborate on your finances. You don\u2019t have to mail them physical copies of your financial transactions and statements, you can email them the information or give them access to your software.<\/p>\n

3. Accessibility<\/h3>\n

With a cloud-based accounting system like QuickBooks or Xero, you don\u2019t have to be in the office in front of your computer to access your financial information. You can see your ledgers and reports from anywhere, on any device. If you want to work from home one day, you can log in to your software from your smartphone if you want, to send invoices, check your reports, or manage expenses.<\/p>\n

4. Accurate reporting<\/h3>\n

An important component of running your own business is reporting. Accurate reporting enables you to better manage your finances and understand your profitability. It\u2019s vital for making informed decisions about your business.<\/p>\n

Cloud accounting provides you with accurate reporting at the click of a button. Using systems like QuickBooks or Xero you can easily access profitability reports, income and expense reports and year-end reports.<\/p>\n

The information is available to you automatically\u2013you don\u2019t have to spend hours in front of a calculator going through every invoice to see your numbers. Simply by keeping your records in a cloud-based system, you can easily generate accurate reports.<\/p>\n

Final thoughts<\/h3>\n

If you\u2019re hosting your accounting information on your computer hard drive, it\u2019s worth looking into cloud-based accounting to see if you can benefit from the switch. Given the ease of invoicing and accurate record keeping, combined with the accessibility of a paperless system, you may find cloud-based accounting software is the right system for you.<\/p>\n

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\"Cloud<\/a>
Cloud vs Desktop Accounting from Alloy Silverstein<\/figcaption><\/figure>\n

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Alloy Silverstein Cloud Services<\/h3>\n

Bringing simple online accounting to startups and forward-thinking businesses. Contact us to get started. \u2192<\/a>
\n<\/small><\/p>\n

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If you\u2019ve been considering making the move to a cloud-based accounting system, you\u2019re not alone. Cloud technology has impacted many business functions, including making managing financial aspects of your business easier and more efficient. Cloud-based accounting moves your accounting from being hosted on your computer\u2019s harddrive to an online platform. Cloud-based platforms like QuickBooks and … Continued<\/a><\/p>\n","protected":false},"author":11,"featured_media":9279,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[49,50],"tags":[],"jetpack_publicize_connections":[],"acf":[],"yoast_head":"\nMake the Switch to Cloud-Based Accounting in 2023 - Alloy Silverstein<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ascloudservices.com\/make-the-switch-to-cloud-based-accounting\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Make the Switch to Cloud-Based Accounting in 2023 - Alloy Silverstein\" \/>\n<meta property=\"og:description\" content=\"If you\u2019ve been considering making the move to a cloud-based accounting system, you\u2019re not alone. 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