2 minute read
Despite cloud accounting systems gaining popularity over the years, many businesses still remained misinformed of certain aspects of them. This could be stopping them from making the switch to cloud accounting, and ultimately enhancing their financial processes. In this blog, we will be debunking some common myths about cloud accounting using our software solutions.
Myth 1: “Cloud Accounting Isn’t Secure”
Fact: Actually, cloud-based accounting systems have the potential to offer more security than traditional systems. For example, Sage 50 Cloud, makes use of advanced encryption and automatic data backups to keep all information safe and secure.
Myth 2: “Small Businesses Cannot Afford It”
Fact: There are various options of cloud accounting systems, making it a flexible option for all businesses and budgets. Shifting to different subscription prices allows businesses to expand and adapt their accounting system as necessary, rather than paying for servers, upfront software purchases and a maintenance team. More often than not, cloud-based accounting systems help cut costs in the long run.
Myth 3: “It Is Difficult and Complicated To Use”
Fact: Cloud accounting software nowadays is being designed to become more intuitive and user-friendly, a great example of this is Summa Cloud Accounting, a system made even for those without an accounting background. Being able to use mobile apps and clear dashboards also allows you to check your finances, even when offsite. Furthermore, we at Progressive will provide you with training and support to aid your transition.
Myth 4: “A Constant Internet Connection Is Required”
Fact: Despite an internet connection being needed to access your financial data, the likelihood of losing your internet connection is low nowadays. In the event it does happen, back up internet sources such as mobile data is always an option.
Myth 5: “You Cannot Integrate Other Systems With Cloud Accounting Systems”
Fact: Perhaps the biggest advantage of cloud accounting systems is their ability to connect with e-commerce, inventory and payroll systems to create an automated and organised environment, which reduces the risk of manual errors.
Cloud accounting is the way forward, a smarter and safer solution which grows with your business. By understanding the facts, you can make the smartest decision for your business. Contact us today to find out more.
