why you should migrate your business accounting to cloud

6 reasons why you should migrate to cloud accounting

Cloud accounting is the future of managing your business finances. It's a modern, flexible and user-friendly way of keeping records for your company or organization. And, it can be a great alternative to traditional accounting systems! In this article, we will talk about the reasons why you should migrate to cloud accounting and walk you through the most important benefits that come with this type of solution.

1. Increased Efficiency: Cloud accounting makes processes more efficient, as data is securely stored in a centralized location and accessible through any device with internet access. This greatly reduces the time and resources necessary for collaboration and data audits. 

2. Lower Operational Costs: Cloud accounting eliminates the need for local hardware and software installation, reducing or eliminating upfront and licensing costs and minimizing maintenance and support costs. 

3. Scalability: Cloud accounting provides on-demand scalability—your business can scale up or down easily, depending on your needs, allowing you to add more resources or decrease the load when necessary. 

4. Security: Your data is stored in a secure, cloud-hosted environment, making your financial data especially safe from disaster or any other type of security risks. 

5. Data Accessibility: You can access, update, and review financial data anytime, anywhere, as long as you have an internet connection. This makes cloud accounting a go-to solution for businesses operating across multiple locations. 

6. Automation: Cloud accounting solutions in many cases include features to automatically generate invoices and reminders, and also to quickly generate reports from your financial data. This helps you stay on top of your finances and make informed business decisions.

Before researching and purchasing a new system we feel it is essential to speak with someone first (ie an independent expert or user) who has a good deal of knowledge and experience with cloud accounting packages.  This will enable you to understand fully if and how the solution will best fit and suit your business needs.

We are an official Odoo Cloud Accounting Partner however we also advise and have knowledge and experience of many other accounting systems so if you have any questions or would like to speak to us further about Cloud Accounting, please email us at consult@cleartax.co.ke or call us on +254710678324.