CLOUD ACCOUNTING SOFTWARE FOR SMALL BUSINESSES | QUICKBOOKS SINGAPORE

The cloud refers to a vast global network of servers accessed over the internet and the software and databases that run on those servers.

Cloud accounting software, also known as online accounting software, is accounting software that helps you maintain your books of accounts online. Cloud accounting software such as QuickBooks is based in the cloud instead of being installed on your desktop computer. It allows small business owners to access their financial data including records of income, invoices, expenses, reports, inventory and more from almost any device because it is stored in the cloud via servers, instead of the user’s device.

Small business owners, sole traders, and freelancers sign up for an online accounting solution such as QuickBooks cloud accounting software and move their books to the cloud by importing or uploading their financial data to their account. This accounting data is sent to the cloud, processed on a remote server, and then returned to you as a user. This information is encrypted so only people with the login can view the data. 

QuickBooks cloud accounting software allows you to access your books online from multiple devices, at any location with internet access through your QuickBooks login. In simple terms, cloud accounting software allows users to access software applications through the internet or other networks through a cloud application service provider.

Cloud accounting software offers greater access, efficiency, accuracy, scalability, and security compared to traditional accounting software. 

Cloud accounting software is one of the most secure ways to store your accounting data. QuickBooks Online cloud accounting software uses advanced industry-recognised security safeguards including password-protected logins, firewall protected servers and 128 bit SSL encryption technology certified by DigiCert® to keep your financial data private, protected, and stored safely in the cloud. 

QuickBooks also automatically backs up your data in the cloud, so if any of your devices are lost, damaged or stolen, you can still access your QuickBooks account from any computer, tablet or mobile device with an internet connection. You can also control who accesses your data, and what they can see and do with it by assigning different permission levels to limit the access privileges of each user.

Cloud accounting software can help small businesses improve productivity by automating time-consuming accounting tasks such as invoicing, tracking income and expenses and managing inventory so you can focus on running your business. It allows you to access your financial information on the go from any device, so you aren’t tied to your office. QuickBooks cloud accounting software facilitates collaboration among multiple users and grows with your business. 

Cloud accounting software offers many benefits for small businesses including saving time, improving productivity and reducing errors by automating time-consuming accounting tasks. It allows small business owners to access their financial data anywhere, anytime and on any device. It ensures data security and prevents data loss by automatically backing up your data in the cloud. It also integrates with business apps you already use, helping you streamline your business operations. 

From the smallest downtown laundromat to the largest Fortune 500 company, your business can benefit from implementing cloud accounting. Whether you have one employee or 1,000 – even if you are the only employee – cloud accounting software like QuickBooks can help you track income and expenses, track GST, send custom invoices, create reports and more. Find the right QuickBooks plan for your small business.

As a business owner, you need accounting software that helps you save time, increase productivity and is cost-effective. Small businesses should switch to cloud accounting software because it provides better access, efficiency, accuracy, scalability, and security compared to traditional accounting software.

Small businesses simply cannot rely on traditional accounting software as there are chances of committing data entry errors, subjecting financial information to data loss and viruses as a result of storing it in hard drives and USB devices, and shelling out huge amounts of money on data backup devices and software updates. 

Thus, if you are still dependent on traditional accounting software, it’s time to switch to cloud based accounting platforms. Sign up for a QuickBooks free 30-day trial to try out the platform for your small business before you commit.

QuickBooks cloud accounting software is user-friendly and features navigation tools, icons and colors to help you navigate the platform and automate your accounting tasks. QuickBooks also provides guides, video tutorials and customer support. Watch a QuickBooks demo to learn more or sign up for a QuickBooks free 30-day trial to see what it can do for your small business.

You can access your QuickBooks account from any PC or laptop (including Mac and Windows), any smartphone (including iPhone and Android), and any tablet device (such as iPads and Android tablets). You can also access QuickBooks via the mobile accounting app available on iOS and Android.

Yes, switching from other accounting apps to QuickBooks is easy. You can also import your excel files to QuickBooks. 

The popularity of cloud accounting among small business owners, sole traders, and freelancers is expected to continue growing with the development of new technologies that will continue to help small businesses manage, process, review and report on their financial data in the future.