Cloud-Based Accounting: Dealing With Staff Concerns

Cloud Technology Requires A Learning Curve

cloud technology All new technologies come with a lot of questions and a period of adaptation; cloud-based accounting is no different. In fact, because valuable financial data is involved, there tends to be even more questions and concerns. If you are exploring cloud-based accounting for your business, arm yourself with answers to the following common questions.

Is cloud-based accounting secure? Data in the cloud is typically protected with advanced security procedures and encryption methods. You can also ensure data security by granting specific permissions to individual users. This can be even more secure than desktop software. With cloud-based systems, unauthorized personnel don't have the ability to log on and view financial data. With a desktop solution, this is not always the case.
Where does the information go? When you enter financial data into your accounting application, it is stored and backed up on remote servers, usually several. This data is then available in real time to all users who access the application.
What happens if the Internet goes down? Cloud-based accounting solutions generally require web access, but so do many of your other vital business functions. The beauty of the cloud is that you can access the data and software from anywhere, so if the Internet goes down in the office, you have the option to access and manipulate information from your laptop, or perhaps even your smartphone or tablet computer.
Can we meet all of our accounting needs in the cloud? Yes. You can process payroll, pay bills, send invoices, submit time sheets, process credit cards, enter travel expenses, file tax forms and easily share up-to-date information with your accountant in the cloud. In fact, cloud-based solutions are much more versatile than desktop software, allowing you to integrate systems across your entire business.

If you have more questions about accounting in the cloud, or you want to get started, call us at The Tax Office, Inc. We can help you select and implement the cloud-based accounting solutions that make the most sense for your business and help you address any questions or concerns from your staff. Contact us today to learn more.