Cloud Accounting Will Take Your Business to the Next Level

Written by Marlee Kobzej on 28 May, 2020
I help businesses communicate their brand through engaging, meaningful, and clear content.

You can store anything in the cloud, but we focus on your accounting and business data.

Young businesswoman working late at night in a modern office

Young businesswoman working late at night in a modern office (Photo by PeopleImages)

You look up at the sky and see huge white, fluffy, cotton-ball like clouds. They look so soft and inviting and dream-like, comforting and welcoming. If you’re imaginative or still think like a kid sometimes (and we all should, shouldn't we), you may see an elephant or a likeness of your sister in the clouds…wait! is that a bottle of wine, too?! In the most basic connotation, the word cloud evokes these thoughts. While these are pleasant thoughts, it’s not actually the type of cloud we want to talk about.

What we at real time accounting want to tell you about is the technology kind of cloud and how using it to store your accounting and business data is beneficial for your business and its growth. In the tech world, the cloud refers to where your information and data is stored: instead of on a hard drive in your computer, information and data are stored on a server that’s used solely for remote-access purposes. Using the cloud for your business data makes sense: your info can be accessed anytime and from anywhere, provided you have an internet connection.

You can store anything in the cloud, but what we focus on is getting your accounting and business data to the cloud. We, and our fellow industry folks, call it cloud accounting. Doesn’t that sound lovely—cloud accounting?! It’s like your data is happy as can be, resting comfortably in a peaceful, welcoming environment. real time accounting is here to create that feeling for you and your data.

If you’re stuck in the days of hardware-bound data accessibility waiting for your accountant to provide you with information or you understand the importance and the value of immediate access to accurate management information, real time accounting wants to partner with you and take your business to the next level.

You look up at the sky and see huge white, fluffy, cotton-ball like clouds. They look so soft and inviting and dream-like, comforting and welcoming. If you’re imaginative or still think like a kid sometimes (and we all should, shouldn’t we), you may see an elephant or a likeness of your sister in the clouds…wait! is that a bottle of wine, too?! In the most basic connotation, the word cloud evokes these thoughts. While these are pleasant thoughts, it’s not actually the type of cloud we want to talk about.

What we at real time accounting want to tell you about is the technology kind of cloud and how using it to store your accounting and business data is beneficial for your business and its growth. In the tech world, the cloud refers to where your information and data is stored: instead of on a hard drive in your computer, information and data are stored on a server that’s used solely for remote-access purposes. Using the cloud for your business data makes sense: your info can be accessed anytime and from anywhere, provided you have an internet connection.

You can store anything in the cloud, but what we focus on is getting your accounting and business data to the cloud. We, and our fellow industry folks, call it cloud accounting. Doesn’t that sound lovely — cloud accounting?! It’s like your data is happy as can be, resting comfortably in a peaceful, welcoming environment. real time accounting is here to create that feeling for you and your data.

If you’re stuck in the days of hardware-bound data accessibility waiting for your accountant to provide you with information or you understand the importance and the value of immediate access to accurate management information, real time accounting wants to partner with you and take your business to the next level.

Benefits of Cloud Accounting

Cloud accounting is progressive. It’s much more than just accounting software, and the benefits enable you, the business owner, to understand and manage your business in real time, as well as make informed decisions much faster. Small to medium enterprises, start-ups, micro, family-run businesses…no matter your model, you’ll find benefits in this style of data management.

Here are four benefits of cloud accounting that we think will benefit you and your business the most.

  1. Accessibility. Your data is available to you anytime and from anywhere you have an internet connection. Want to check the books at 3 a.m.? Something came up while you were relaxing at the beach? No problem! Log in to your account at any time you choose.

  2. Autonomy. Not having to wait for someone else to get you the information you seek allows you to make quicker transactions and quicker decisions. This, we know, will lead you to grow your business at a faster pace, too.

  3. Accuracy. No overnight updates, no waiting for transactions to post, no delays. Your accounting data is displayed in real-time. And accurate, up-to-the-minute data is important for you to make sure everything is on track.

  4. Adaptability. Software updates, advancements, and, very importantly, the ability to tie to other great apps geared toward streamlining your business processes…the sky’s the limit when you convert to using the cloud!

Cloud Accounting with real time

We partner with you in every step of your business. Standard bookkeeping, accounting, tax, and statutory services; strategic business plans and business improvement advice; and financial planning are all within our scope. To do this, we use an industry-leading software called Xero. We were the first Xero advisor in Africa, First Gold Partner, and also a Platinum Partner—so we know a few things about Xero. It’s a well-respected, trusted, and established platform that allows us to provide you with next-level accounting and business advisory services.

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