Small businesses see success when moving to the cloud
November 08, 2012
Cloud computing is a very daunting concept for many small business owners. Some are concerned about the safety of their company and client data if it's stored with third party vendors, while others worry about how much time and effort the transfer would require.
However, many are finding that storing information with the help of cloud providers gives leaders a number of advantages, particularly when their accounting software or other financial programs are accessible while working remotely. Even if managers are away from the office, they can use this type of offering to ensure their companies are on track in real time.
Recently, there have been multiple reports noting the value of recording expenses and income on programs that can be accessed from anywhere. This could be because of the inherent benefits, or the fact that the data wouldn't become vulnerable or be lost in the wake of a disaster, like the challenges many firms on the East Coast have had to contend with after storms.
Cloud programs simpler
Small business owner Sharon Chase told USA Today that the main draw to cloud accounting, as opposed to strictly traditional software, is the fact that it is often much simpler. These sorts of programs, Chase explained, can allow managers to regard multiple accounts and reports at once, and obscure others temporarily if needed.
The newspaper also noted that these offerings are good if an employee works remotely in another part of the country or world, and if there's a financial issue, it wouldn't be easy for him or her to head into the office to remedy the situation.
Can help during tax season
When April rolls around and all companies have to file their tax forms, compiling the data and accounting for various expenses and write-offs can be made easier through the use of cloud accounting programs, many small business leaders find. Small Business Technology reported that the software can help with the actual process of filing, and it can also provide an accurate financial history, should a firm be audited.
It can also be of some benefit in another way - cloud computing can often be cheaper than traditional financial reporting, particularly when done by hand. The need to invest in filing cabinets or other hardware to store older records wouldn't be there, plus cloud software is often scalable without requiring large updates. The business wouldn't have to deal with installing any new versions, additionally, as that would be handled by the cloud vendor.