Are you thinking about taking your accounting to the cloud, but are not too sure about how to get started? A handy Quick Start Guide can solve your dilemma.
QuickBooks, the best-selling small business accounting software in the U.S., has updated its Quick Start Guide for using QuickBooks online.
The nine-page Quick Start Guide covers topics such as finding your way around, customizing and sending an invoice, receiving a payment, tracking expenses and connecting bank accounts. It also provides information on gaining insights with reports, collaborating with others, offering online payment and managing business on the go.
Simplicity, Speed and Flexibility
In the past few years, cloud computing has gained immense popularity among small businesses looking for a simpler, faster and smarter accounting solution.
Let’s understand how.
Small businesses are investing in cloud mainly because it simplifies accounting. You don’t have to install and run applications. Instead, you just pay for the software by monthly subscription. Simple.
Software updates can be developed and delivered much faster in the cloud. In other words, you don’t have to worry about installing the latest software version and get access to updated features instantly.
The best thing about the cloud is the flexibility it offers to businesses, especially when you have to be on the go. You can run your business remotely 24/7, from anywhere in the world.
A Silver Lining for Your Business
For businesses, cloud makes perfect sense also because it enhances productivity and saves time.
When you don’t have to spend hours backing up data or dealing with complex, old-fashioned accounting software, you get more time to focus on your business. Cloud-based accounting systems also give a clear overview of your business’ current financial position in real-time.
By providing multi-user access, cloud-based accounting systems facilitate improved collaboration between team members.
Another key benefit of using a cloud-based accounting tool is data security. Because your data is stored off-site, you don’t have to worry about downtime caused by natural disasters or theft.
With benefits such as these, cloud-based accounting systems are drawing small businesses in large numbers. And the trend is expected to continue. According to data from Intuit and Emergent Research, by 2020, 78 percent of small businesses will be “fully adapted” to cloud computing.
The numbers clearly indicate the growing popularity of cloud computing among small businesses. So if you’re not using it already, it’s probably the best time to rethink and go for it.