Your guide to cloud accounting software
Gateway Tax & Advisory are passionate advocates for the use of Cloud Accounting and the many benefits that can be achieved from embracing it and other modern technology.
Cloud accounting systems allow business owners to stay connected to their data and their accountants from anywhere, at any time. These software platforms can integrate with a whole eco-system of add-ons. They are scalable, cost effective and easy to use.
Is cloud accounting right for you?
Here at Gateway Tax & Advisory we aim to help you unlock the financial potential of your business. Your choice of accounting software will depend on your business needs and level of accounting skill and for that reason we support a number of programs, including cloud based solutions.
Before we recommend any accounting software package we always ask three key questions:
- What does your business need? Payroll, inventory, debtors, creditors, invoicing or a full blown general ledger so you can produce your own financial statements?
- What is your level of accounting skill?
- Do you want to use a cloud based program or a desktop accounting solution?
The benefits of Cloud Accounting for your business:
Our clients are increasingly opting for cloud based bookkeeping solutions because of the flexibility it offers them. You can run your business from home, work or on the go with the benefit of 24/7 access – all you need is an internet connection and your secure password.
You can securely and remotely access your businesses financial data and invite your accountant or bookkeeper to view your accounts at the same time, allowing you to access bookkeeping assistance and valuable advice in real-time. Your data is completely secure (even if your computer is lost or stolen) and is automatically backed up and stored at various secure offsite locations, giving you peace of mind.
All your invited users have access to the latest version of your financial data and you never need to worry about installing software or updates. Your data is never out-of-date and provided your subscription is current, software updates are automatically available when you login. Large upfront fees and switching costs are eliminated using cloud based solutions. These services run on a pay as you go basis so you only pay for what you use and the costs are 100% tax deductible.