Top 5 Benefits of Moving to Cloud Accounting

Getting started...

If you’ e bee ea i g to brush up on the great benefits,

this o e’s for you.

1. ACCESS ANYWHERE AT ANY TIME Cloud computing allows

organisations to provide

collaboration and

communication tools,

software, apps and access to

documents and databases

not only from anywhere, but

also on a cost per use (or

user) basis.

This has a significant impact

on an organisation's

flexibility and ability to

introduce new tools and

phase out old tools. No

longer should IT projects

take a year to implement a

new tool...but weeks or at

most months.

2. CENTRALIZED DATA Network centralization is

an attempt to improve

efficiency by taking

advantage of potential

economies of scale.

Advantages: 1. Data security

2. Data sharing

3. Disaster recovery

4. Transformation of data

for N number of uses.

You can share the data with

as many others as you like,

hether it’s your accountant, your

bookkeeper, your business

coach or even your bank

manager.

No longer is it necessary to

email selected reports or

the the data file or — even

less convenient — backing

up the file to a USB stick

and delivering or sending it

to whoever needs the data.

3. Easy, secure

sharing

4. Managed backups

You’ll e er ha e to back up your data

file agai . It’s always a surprise to

me how many

business owners do

not back up their

data — or think

they have backed

up their data but

ha e ’t — only to

lose weeks or

months worth of

work. Just think of

the ti e you’ll sa e not messing around

with the actual

backups.

Moving to cloud computing

may reduce the cost of

managing and maintaining

your IT systems. Rather than

purchasing expensive systems

and equipment for your

business, you can reduce your

costs by using the resources of

your cloud computing service

provider.

You may be able to reduce

your operating costs because

the cost of system upgrades,

new hardware and software

may be included in your

contract

you no longer need to pay

wages for expert staff

your energy consumption

costs may be reduced

5. Reduced IT

costs

About us

Real Time Cloud Services has been at the forefront of cloud hosting services for more than a decade delivering significant business

value for its clients.

Today, RTCS offers a comprehensive range of cloud solutions like application

hosting , managed hosting, hosted PBX, dedicated servers to its valued customers helping them

achieve their business objectives by providing innovative best in class virtual office solution.

For more details visit:

www.myrealdata.com

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References

• 5 benefits of cloud accounting - MYOB

• Benefits of cloud computing - business.qld.gov.au

• Get Your Facts Right: Busting Top Cloud Accounting Myths - My Real Data

• Cloud Accounting- The Next Big Thing for CPAs - My Real Data