One of the most critical success factors for any small business is preparing accurate financial statements to help measure their financial performance and business health. Yet sadly, most don’t do this. However, things are about to change. We are living in very exciting times for small businesses. In my forty years in public accounting I’ve never seen anything like it. The small guy is going to be able to generate the type of financial intelligence that was previously reserved for the big boys. The playing field has been leveled. What is the key to this transformation? It’s Cloud Accounting! While many of us saw it coming 10 years ago, it is finally here, right now!
Like any major change, there are those who adopt early and those who lag behind. Here are 5 reasons why you should consider moving your company books to the cloud this year:
1. Safety and Savings – Having your data stored in the cloud is usually safer and less costly than keeping it on a network server that is not maintained by an IT Pro.
2. Software and Apps – Online accounting functionality has become comparable with desktop versions for most small business applications. However, the real breakthrough is in the area of custom, cloudbased apps that provide much more robust functionality and will sync directly with inexpensive accounting programs.
3. Real Time – To be useful, information must be timely. Today’s online programs are designed to speed up the entry of transactions to provide real time financial information.
4. Accessibility – Online, mobile programs enable the business owner and the
management team to access
5. Collaboration – The biggest impact on moving to the cloud is the creation of a cost effect way in which the CPA can help the small business owner analyzed the current numbers and plan for the future.
Feel free to contact us at 714.672.0022 with any questions or to schedule a complimentary strategy session for expert advice. Here at LSL, our main priority is to help you succeed.
Click HERE to print article.
