Accounting is a facet most owners tend to overlook, particularly when you're a startup. Most executives turn to cloud accounting for small businesses to get a head start in managing their finances.
When you're still in the incubation phase, it's a common tendency to get your hands on everything that's going on in the business. But if you don't have the expertise to manage your books, that's where the accounting software comes into the picture. Using such technology eases you in on handling simple accounting matters, such as invoicing and reconciling transactions, plus the guarantee of high-level precision. Moreover, the introduction of cloud-based accounting advances this side of your back-office into a paperless function.
Here's a rundown of the cloud accounting benefits you can leverage once you use an accounting software:
This enables all users to access their company financial data anytime, anywhere, with just an internet connection. Using just a device, you can see your cash flow in real-time and monitor your accounting records in a few clicks.
Now that you know the advantages, we now go to other useful functionalities, including the integrations and add-ons of cloud accounting software.
Having a hard time choosing the cloud accounting platform for your business? Here are some of the best names in the industry you can get on board with.
|
|
Trial Period |
Integration Options |
Xero |
US$12 - $65 per month |
30 days |
Yes |
QuickBooks |
US$8 - $54 per month |
30 days |
Yes |
|
US$6 - $20 per month |
30 days |
Yes |
|
US$7.50 - $10 per month |
30 days |
Yes |
As your business scales, so should your internal processes. And cloud accounting for small business is one of the powerful platforms you can easily tap for a more efficient and accurate management of your finances. Moreover, it expands your capabilities in handling your financial matters such as taxes, compliance, and inventory.