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In a recent interview, leading CPA Pauline Ho, head accountant at Laus Consulting in Orlando, FL, revealed how the cloud makes small business accounting much easier.For more information please visit https://lausconsult.com/
When asked to comment, Ho said, "Cloud-based accounting software can save small business owners a lot of time and headaches through simplifying and streamlining all accounting processes. Here’s what every small business owner needs to know about cloud accounting."
Using cloud-based software facilitates easier collaboration, particularly with an accountant.
"Cloud accounting means that both the software and your business' financial information is hosted in the cloud. In other words, you'll be able to have access anywhere. You can also provide access for your business accountants to log in and view any relevant documents," she added.
Cloud-based accounting software such as QuickBooks allows users to implement automatic workflows, which can further help small business owners save time and energy.
When asked for an example, Ho said, "Automation is particularly helpful when it comes to paying and sending out invoices. In other words, this software allows you to input the payment info of a vendor into the system. The payment will then automatically be made to said vendor each month."
Ho added that this system is also useful in sending out monthly invoices to recurring customers.
Cloud accounting also makes it easier for small businesses to begin using the system.
“In the past, accounting systems needed to be physically installed on each computer of a company. However, one of the best things with cloud-based software is that employees can access the account through logging in on the internet without installing a program,” she said.
Ho said that the ease of using a cloud-based accounting system cuts overhead costs as well.
When asked for an example, she said, "Offline accounting systems require that business owners update the software regularly, which could get expensive if they are hiring IT specialists to get the job done."
Using cloud accounting as opposed to using Excel spreadsheets also helps eliminate errors that could end up costing a small business. Mistakes in calculating expenses and income while doing taxes, for example, can lead to hefty IRS fines.
“Cloud-based accounting software is extremely simple for small business owners to use. Having this software means that you input all the financial information such as expenses and income in the one place regularly, which will help ensure accuracy in the long-term," she said.
Source: http://RecommendedExperts.biz
Contact Info:
Name: Pauline Ho
Email: Send Email
Organization: Laus Consulting Services LLC
Address: 879 Outer Rd B, Orlando, FL 32814, USA
Phone: 407-401-9768
Website: https://lausconsult.com/
Source URL: http://RecommendedExperts.biz
Release ID: 88935999
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