More small to medium-sized businesses are moving to cloud accounting and using cloud based applications for their bookkeeping and accounting needs through desktop and mobile apps. All businesses need to keep track of their accounts, and cloud accounting allows businesses to make invoicing and cashflow management decisions based on more up to date information. It also provides for other business efficiencies including payroll for off premises workers. The cloud revolution is propelled by fast, reliable internet, cheaper servers and widely-used open-standards for interchanging data and instructions between software. Moving to the cloud does not increase data risk if good password policies and back-up strategies are in place. Businesses should ensure staff understand modern security risks and complete training when moving to cloud accounting or using any service that provides remote access.
Contact us to discuss your circumstances so we can help determine the most appropriate solution for you based on functionality, ease of use and cost.
The main cloud accounting players in Australia are:
Reckon – Intuit (the global company) created QuickBooks software and Reckon (the Australian company) now continues to provide this cloud-based accounting software in a variety of formats including desktop, hosted and online cloud versions.
SAGE Business Cloud – Free yourself from admin with clever, easy-to-use accounting features, built around how you work. Sage is passionate about enabling accountants to use technology to transform the way they work. For easy payroll, invoicing, receipting, payments and GST reporting choose Sage Business Cloud Accounting and Payroll. Providing easy-to-use, online accounting and payroll tools designed to support small business and make running a small business a breeze.
SAGE Handisoft – More than 7,500 Australian accountants and taxation agents trust Sage HandiSoft's integrated practice management, client accounting and taxation software to efficiently produce high quality client work. With its central client database, Sage HandiSoft has proven reliability, ease-of-use and is highly effective for firms of all sizes. One-suite Solution: Easy to learn. Easy to maintain. Easy access to support.
Quickbooks Online – Provides a cloud based version of their previous product, QuickBooks.
MYOB – An Australian company originally offering desktop accounting software, now offers several subscription-based cloud accounting products, including both desktop and cloud versions of their product.
Xero – A New Zealand based software company that offers cloud-based accounting software for small to medium-sized businesses.
Start getting the support you need and book a consultation with one of our team members today. Call us on (07) 3344 5211 or make an enquiry via email at darryl@sbsadvisory.com.au and one of our staff will get back to you as soon as possible.