Is your accounting system in the cloud? Operating in today’s uncertain environment would be much easier if your accounting was cloud-based. There are a number of secure options to allow your company to operate efficiently and allow your staff to work remotely and maintain productivity. Here are a few examples of cloud-based applications that you can implement now.
The most popular small business accounting software in the US is also available in a cloud-based version. The desktop version of QuickBooks requires the staff to work on the application at the office or have an IT professional setup up a virtual private network (VPN) to allow your staff access to the program. QuickBooks Online is accessed through nearly any internet browser. Another advantage of the online version is that it integrates better with a number of other applications in the cloud.
The number 1 small business accounting application in the rest of the English-speaking world is Xero. Based in New Zealand, Xero is cloud-based and very intutitive. Its features are also very powerful with flexible reporting capabilities. Also, Xero features integrations with more applications than any other accounting application to allow your business to pick the perfect setup for efficient operation. Like other cloud-based applications, Xero is accessed through nearly any internet browser.
This cloud-based application helps you sort all the invoices and other accounting documents that underlie the transactions in your accounting application. Hubdoc has a powerful feature that will login to your various accounts around the internet and retrieve invoices on your behalf helping you to organize them before inputting them in the accounting application.
This application automates staff expense reimbursements and helps manage company credit cards. Known as “pre-accounting,” Expensify helps your staff organize their small and numerous transactions for easier entry and import into your accounting application. Its flexible policies allow expenses to be automatically approved if they fall within the rules you establish.
If you’re interested in learning more about quickly transferring your accounting system online, call Woodford Financial today for a free consultation. Your team will thank you.