Financial Health Check: Assess Your Business Finances 

Make Your Life Easier: Cloud Accounting

October 10, 2018

When you’re working in the business world, it is imperative that you are able to manage and access your data at all times. Cloud accounting makes that possible. Without cloud accounting, your data can only be accessed from one point: where you saved it. With cloud accounting, you can access your data from anywhere in the world, on virtually any device of your choosing.

Implementing cloud accounting and cloud systems was our first step in going completely virtual and paperless. It’s the best decision we’ve made! Here’s why you should try it, too:

#1. Data is Accessible From Anywhere

The cloud is where you store and access all your data over the Internet instead of your computer’s hard drive. The benefit of having an accounting system online is that you can access it from any device with an internet connection. In the long run, this is a huge convenience for businesses that are looking to move into working completely virtually, or are often on-the-go visiting clients.

As long as you carry a cell phone with you, no matter where you are, you’ll still be able to access financial records and information. Cloud accounting allows you to take your business with you.

#2. Secures Your Important Information

Cloud accounting is also important because it keeps your financial information secure. You might think you’re keeping your data safe by storing it on one desktop, but this is likely to cause problems in the future. Consider what might happen if your desktop computer fell victim to a virus and you lost everything as a result. Even worse, (cue horror film soundtrack) what if you didn’t have a way to recover it?

If all your business records were stored via the Internet, it would not matter if your desktop or hard drive files were deleted. After all, they’re still accessible through the Cloud.

#3. Allows for Better Cost Efficiency in The Workplace

No matter how professional or efficient a business is, there’s always room for improvement. Whether you’re seeking ways to better stay in touch with your customers or are trying to keep your business more secure, cloud accounting helps with some of the drawbacks that come with owning a business. For example, many business tools have to be paid for in full. One of the best things about cloud accounting, however, is that you can pay as you go. You can even set up a monthly plan, which is a great way to compensate if you’re on a tight budget.

Between instant data accessibility, keeping your financial info secure, and effectively managing your costs, cloud accounting is a phenomenal addition to your business. 

For more information about cloud accounting and why you need it for your business, feel free to contact us today at MOD Ventures. We look forward to hearing from you and assisting you in improving your business. 


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