5 Ways a Cloud Accountant Can Help Your Small Business

As a small business, it’s always a challenge to make time for financials, especially when it comes to running reports, confirming bookings, and closing your books every month. When your team is tied up in other important day to day tasks, bookkeeping responsibilities become daunting, creating unnecessary workplace tension in an already stressful, fast-paced environment.

When the monthly processes are bogging you down, threatening to disrupt your productivity and putting other business functions in jeopardy, it’s time to think outside the box. A cloud accountant can be a significant asset, serving as one on one support and saving you time, money, and energy.

Maximize Your Time

Accounting is a big undertaking, from booking debits and credits daily to closing on a monthly or quarterly basis. For many companies, proper maintenance is a full time job, tying up a significant amount of time in your day to day operations. A cloud accountant is a way around this, putting your accounting functions in the hands of an experienced pro. By hiring a remote contractor to track the day to day details, tackling the tedious tasks like entering debits and credits, confirming invoices, and tracking revenue streams becomes a lot easier. With someone else minding the financial matters, your hands are free to take care of day to day duties necessary to help your business to succeed.

Tap Into Affordable Talent

An in-house accounting team can get extremely expensive, especially when you’re keeping a close eye on your bottom line. Working with a cloud accountant can alleviate these issues, taking steep payroll costs out of the equation and replacing them with affordable fees for work performance. There will never be issues with employee satisfaction or raise negotiations; instead, you can relax, knowing your bookkeeping is always on the right track. Your cloud accountant may work on a contract basis at an hourly rate or for a fixed monthly fee, keeping accounting costs low without neglecting the bookkeeping skills you need to keep moving your business forward.

Support Around the Clock

Problems with invoicing in the morning or billing issues at night? With help from a cloud accountant, you can count on support at any time, day or night. Cloud accountants often work remotely and make their own hours, maintaining channels of communication around the clock. Due to the nature of working in the cloud, your bookkeeper has the potential to work from anywhere, from a home office to on vacation, giving you access whenever you need it. When you choose cloud-based software such as QuickBooks Online or Xero, you can even access your bookkeeper’s work in real time, making it easy to view reports and to keep an eye on your live financial status.

Build Best Practices

Without extensive experience in bookkeeping, it’s hard to be sure you’re making the right decisions for your team. Implementing a complete accounting system from scratch can be a huge undertaking, leading to errors in processes that can perpetuate for days, months, or even years, making your financial reporting practices far more complex than they need to be. A cloud accountant will be highly skilled at the ins and outs of small business accounting, helping you implement best practices and giving you the tools, skills, and experience necessary maintain a comprehensive, efficient bookkeeping system.

Access Documents Online

Tired of badgering your accountants to share documents, reports, and status updates with you around the clock? With a cloud accountant, financials can be saved and shared in a cloud environment, providing you with instant access to your important records. Applications like LedgerDocs can be extremely valuable in this situation, giving company owners and in-house team members the perfect way to stay up to date on business finances. With the ability to sync accounts on a wide variety of platforms, such as Dropbox and QuickBooks Online, your crucial financial updates will always be at your fingertips.

When internal accounting practices aren’t meeting your expectations, it’s time to look outside the box. A cloud accountant can alleviate the pressure, saving you time and money while guaranteeing commitment and quality. Switching an important financial system to an outsourced pro can be daunting, but with benefits that far exceed the risks, switching things up might be the change in direction your business needs. The right cloud based bookkeeping team can do wonders for your business, offering an affordable solution that will leave you asking one significant question: why didn’t I take this step a long time ago?

 

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Filip

About the Author

Filip

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