Cloud accounting software and its benefits.
Cloud accounting software is transforming how companies of all sizes run their businesses. Even freelancers and small business owners are benefiting from cloud-based accounting software. There are many benefits of cloud accounting software including the ability to access accounting information remotely, easier to exchange information, automatic software upgrades, greater flexibility, and extra security for sensitive data.
What should your cloud accounting software program offer you?
Here are some factors to consider, according to PC Magazine:
- Ability to import existing data
- Actual recordkeeping, tasks, and data access supported
- Look and feel (user interface and navigation)
- The number of staff who need to log into the site and the ability to restrict pages they can visit and actions they can take
- Customizability and scalability
- Quality of mobile apps and add-ons
- Availability and quality of user support
- Subscription fees
Here are some of the top programs available
FreshBooks: This program is an “… excellent online accounting service for freelancers and sole proprietors.” PC Magazine.
Intuit QuickBooks: “QuickBooks is the best online accounting application for small businesses, thanks to its depth, flexibility, and extensibility,” PC Magazine.
GoDaddy Bookkeeping: This software has direct integration with Amazon, eBay, and Etsy, which is ideal for merchants who sell on these sites. PC Magazine.
Wave: Wave is “one of the best online resources for its small business audience: freelancers, contractors, and sole proprietors.” One benefit of Wave is that it offers free service and only charges for payroll, payments, and premium support. PC Magazine.
AccountEdge Pro: “This software is a top small business accounting solution. Its depth, usability, and customizability are unmatched by competing for desktop-based software and cloud-based applications alike.” PC Magazine.
Cougar Mountain DENALI: This software can customize 10 integrated models, making it ideal for small to medium-sized businesses. Software Advice.
Sage Intacct: This software is suitable for small to midsize companies. It provides real-time financial and operational insights and the ability to automate critical processes. Software Advice.
Multiview: This software is ideal for companies looking to conform to existing operations. It has 14 modules that can be deployed in a variety of configurations. Software Advice.
One thing is clear: cloud-based accounting software is making it easier to run any business. Now that you know a little more about how cloud-based technology works, its benefits, and the features of the leading products, you can choose which software is best for your business’ needs.
