If it feels like you heard a lot about “the cloud” in 2020, there are probably some very good reasons for that. After all, the circumstances the last 12 months presented to us have been, to say the least, some of the most disruptive many of us have known in our lifetimes.
Just one clear trend shaping the world of work since the onset of the COVID-19 crisis has been much more prevalent remote working. That, in turn, has made the use of Internet-based services “in the cloud” even more integral to our working lives than they increasingly were already.
Whereas, however, you may have previously considered the role of the cloud in your own life to extend little further than a Gmail account and Internet banking, the need for many of us to continue working together – while remaining physically apart – has accelerated the rise of other cloud services. The broad principle with all of these services is that you can access them and indeed, use them at the same time as others, from almost anywhere with an Internet connection.
So, what are the advantages of cloud bookkeeping?
Whether you’ve heard it being referred to as “online bookkeeping”, “digital bookkeeping” or “cloud bookkeeping”, these terms essentially mean the same thing: the process of doing your business’s books over the Internet. That’s as opposed to a specific computer, laptop or even physical space in a brick-and-mortar office being where your accounting essentially happens.
Digital bookkeeping is certainly convenient and flexible, then, with everything being kept in one place, and accessible from basically anywhere. That allows those accessing the system to do so even if they are away from the office, ‘on the go’ or on holiday. And when they do, they will be able to do so via a single dashboard, and to review the given business’s data all at once, ‘in the round’, to enable them to make informed decisions.
Furthermore, cloud bookkeeping can enable you to handle your business’s books more efficiently, thanks to financial information passing automatically from your bank account and other sources to the bookkeeping software. Online bookkeeping platforms like QuickBooks – which we work with here at Britebooks – can even be set up to monitor your invoices and pay them directly.
Take the stress out of your New Year bookkeeping with our help
The benefits of digital bookkeeping can extend even beyond the obvious. Many of our clients are well aware, for instance, of how basing their bookkeeping on the cloud means they don’t need to manually install or update any accounting software themselves.
They might not be quite so aware, however, of the scope that cloud bookkeeping offers for close online collaboration with others thanks to multi-user access, or how online accounting can actually be safer and securer than traditional bookkeeping methods.
After all, it’s not as if all of your business’s financial data will be based on a single laptop that can be stolen, or vulnerable to being lost all at once if one machine becomes infected with a virus. Nor will you even need to send any of this data to someone else via email, as it will already be accessible to others via the same secure, cloud-based environment you’re using.
Would you appreciate learning more about how our digital bookkeeping experience and knowhow could be instrumental in bringing a significant part of your business firmly into the 2020s? If so, you’re welcome to get in touch with us directly. It really couldn’t be easier, quicker or more cost-effective to get started with our renowned online bookkeeping service.
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