Small Business owners have a world of automation waiting for them in terms of accounting. The challenge is to be more profitable and efficient with each passing day. Accounting is the biggest pie in the working for Small Business owners. Book Keeping and Accounting can also be a cumbersome job if not streamlined. Manual or hard-drive methods will only set you up for painful, time-consuming migration work in the future and possibly bottom-line impacting errors in the present.
Since GST is just round the corner and the new age of taxation is all about online functioning, your small-scale business enterprise is ready to move online. Offline accounting can be a huge pain with the new GST online return filings.
Listed are a few reasons to help you make the decision faster to switch to Giddh.com which is an online GST ready accounting software.
Not only is manual processing tedious, it is also prone to errors and compliance risks. With cloud-based accounting, duplicated entries, fraud, and other discrepancies can easily be detected because the whole process is fully automated. You also save time that would have been spent on checking or locating errors.
Traditional accounting software only allows access to a single user. On the other hand, utilising cloud accounting with the reign of smartphones and other handheld devices lets users edit financial data and view real-time accounting information anytime, anywhere. It makes it easy for your team to collaborate. This means key people stay connected to their data and their accountants.
Everything is done online, which means you don’t need to install anything. Moreover, updates are done regularly and automatically. This financial benefit helps reduce overhead costs and other fees as they are managed by the cloud service provider.
Cloud technology provides backup functionality to prevent the possibility of data loss. You can control the privacy access of confidential data. So even if your computer is stolen, your data is safe and backed up because it is stored elsewhere.
Most cloud accounting software’s can integrate with other cloud-based software, which makes for greater control and flexibility. If you have specific needs, say a payroll system or a management tool, you can often integrate systems using add-ons.
With these advantages, overall efficiency and productivity are sure to be improved. There’s no need to constantly worry about installations and maintenance; spend more time focusing on revenue-generating activities. Seeing your data streamlined gives you a clear overview of your finances at a glance.
These advantages, among others, are why businesses are switching to a cloud infrastructure for their accounting. Not only does it offer a great user experience, it also adds value to your client services.