The world of accountants has changed a lot and it has transformed into a better, accurate, quick form of accounting which proving to be advantageous for both the clients and the accountants. Those days are long gone when accountants used to work on pen and paper as currently, we are living a technology- driven era where everything is dependent on the technological solution. Nowadays, accountants are no more nerdy geeks working on long piles of papers with a pen in one hand and calculator in another. The modern-day accountants are tech-savvy people who take part in major decision-making process of a business and always be versatile.
But just when people started thinking that the world of accounting can’t get any better during the dominance period of accounting software, the amazing cloud computing solution was introduced in the market. The cloud computing solution shaped into an efficient form of cloud accounting when introduced to the accounting industry and that proved to be one of the most revolutionary changes in the accounting history.
Nowadays, most of the accountants are totally dependent upon cloud accounting solution as it offers a wide range of benefits to them and that too without burning a hole in their pocket. You should know that currently, 67% of the accountants prefer cloud accounting solution. During the early phase of cloud accounting solution, it was only available as a costly solution in which if a CPA firm wanted to shift their accounting software on the cloud, they needed to build an on-premise infrastructure and then hire an IT team to manage it. But soon the cloud accounting solution opened its door for small and medium-sized CPA firms and accountants through hosting.
So, in this blog post we will be looking at how accountants can stay productive with cloud accounting solution and stay ahead in the neck-wrenching race of competition.
Always be available for clients
Earlier, accountants were able to provide accounting service to their clients only during the working hours and that acted as a big limitation since clients were not able to get their job done during after the office hours. But with the introduction of cloud accounting solutions like QuickBooks hosting, such limitations were wiped out as the amazing cloud offered anywhere, anytime accessibility to accountants. With this amazing feature, accountants are now able to work on the books of their clients from any corner of the world. So it doesn’t mean whether you are sitting on a beach, relaxing at your home or on the go, you will be able to provide accounting service to your client at any point of time.
So, if as an accountant, you will choose the amazing cloud accounting solution then you will have a competitive edge in the market for sure because your competitors will only be able to provide accounting solution during the office hour while your accounting service will be available round the clock. Along with this, you will also be able to notice an increase in productivity because you will have access to the data and books of the client right on your fingertips, regardless of your location and time.
As an accountant, you must be aware of the fact that most of the clients are very much concerned about the security of their financial data as it is one of the most sensitive data for any company. While choosing an accountant or a CPA firm, a client keeps security as one of the strongest parameters to analyze the accounting service and that’s why you need to be extra concerned regarding the security and safety of your client’s data.
Well, if you are thinking that your local hardware is the best place to store all your data then you are not going in the right direction as with the evolution of technology, hackers and evil-minded people have also evolved, and nowadays, stealing data from your local computer is like a cakewalk for any good hacker. So, if you want to win the trust of your clients regarding the security measures adopted by you then you should switch to the cloud accounting solution as it offers a 360 degree secure platform to work on. Every year, thousands of dollars are spent on improving the security of cloud and it is almost impossible for anyone to get their hands on the cloud data due to its multiple security layers like two-factor authentication, encrypted data, anti-virus system, firewall protection, anti-malware and much more.
So, if you will be using cloud accounting solution then your clients will trust you more and will recommend your accounting service to others as well.
Easy on your pocket
It is true that you need to provide the best accounting service in the industry in order to maintain your pace with the always evolving market and for that, you need the best accounting solution. But it doesn’t mean that you can go on buying any accounting solution as you also need to keep your budget in mind. Most of the accountants are limited by budget constraints and that’s why they need to makes smart decision while choosing a solution for their business.
Cloud accounting solution is one of the best accounting solutions for accountants because along with its wide range of benefits, it also fits in like a glove in the limited budget constraints of accountants. Many people think that since cloud accounting is such an advanced solution, it must be very costly also but that’s not true. You can easily host your favorite accounting software on the cloud in the same price which you pay for your Starbucks coffee in a week.
So, if you are an accountant and looking forward to streamline your accounting service then you should shift to the marvelous cloud accounting solution without any second thought. Being dependent upon the traditional accounting solution in the current era will drag you behind in the rough race of competition while the amazing cloud accounting solution will help you to be productive, accurate, quick and effective as well.
Emma has been involved in the world of accounting software, SEO and cloud computing from a very long time and currently, she is working as a content writer with Elucentra, a QuickBooks hosting company. Cloud computing and SEO is what she eats and drinks.