Cloud-Based Bookkeeping has Strong Advantages

Author: Keith Huggett

Whether you're a sole proprietor doing your own accounting or the manager of a company large enough to have its own dedicated bookkeeping person or staff, keeping your financial records up-to-date and accurate poses constant challenges.

QuickBooks can help, but the technology that supports it can cause its own problems. And the analytical information it provides is only as good as the data its users enter. So you're constantly battling potential accounting crises like:

• Software problems. You must install regular updates, keep company files from becoming corrupt, guard against viruses and malware, and maintain backups.

• Inaccurate recordkeeping. QuickBooks may be easy, but accounting is hard. If you or your staff don't have the proper training or knowledge of double-entry accounting, your accounts receivable and payable, payroll and tax filings may suffer from costly errors. You face unpleasant customer relations, potential loss of business and IRS penalties.

• Staffing difficulties. Your financial workflow never stops, even if the personnel responsible for it are sick, on vacation, traveling for business or otherwise unable to be in the office.

Accounting in the cloud can solve all of these problems. Often referred to as virtual accounting or online bookkeeping, it's a convenient, safe, cost-effective way to ensure that your financial records are processed accurately and in a timely fashion. Your service provider keeps a current version of your QuickBooks version  -- along with your data -- on its own secure servers. You can access it from any computer that has an Internet connection, 24/7.

The benefits of accounting in the cloud are clear. You have the flexibility to work from anywhere, anytime. You don't have to worry about software or network maintenance, and since your provider is an expert in both QuickBooks and accounting procedures, your financial books will be maintained accurately.

The experienced professionals at The Tax Office, Inc. can take on your virtual bookkeeping tasks. We have decades of experience in accounting, tax and payroll management, and we can simply help you run your business more efficiently. Contact us for a free consultation, and we'll work with you to provide just the services you need.