Cloud accounting software provides several key benefits over traditional software: 1) It allows for real-time access to financial data from any device with an internet connection so small business owners can stay connected to their business data. 2) Updates are done automatically in the cloud so users always have the latest version without disruptive software upgrades. 3) Data is securely stored in the cloud and automatically backed up, eliminating the risk of losing data if a laptop is stolen.

1. Why cloud
accounting is
good for business

2. Accounting software
shouldn’t be a chore to use
Small business accounting software that’s not
available online or via the cloud can suck up
far too much of your business’ time and effort.

3. Six problems with
traditional accounting
software

4. The data in the system isn’t up to
date and neither is the software.
1

5. It only works on one computer
and data bounces from place to
place. For example, on a USB
drive. This is not secure or reliable.
2

6. Only one person has user access.
Key people can't access financial
and customer details.
3

7. It's costly and complicated to
keep backups (if done at all).
4

8. It's expensive, difficult and
time consuming to upgrade
the software.
5

9. Customer support is
expensive and slow.
6

10. Traditional software doesn’t add value
and takes the fun out of being in business.
But cloud software can save your
company time and money.

11. So what is this thing called the cloud?
Think about when you use internet banking. Every time you access this
data, you’re using the cloud. The cloud is a platform to make data and
software accessible online anytime, anywhere, from any device.

12. Why the cloud and accounting
software are the perfect match
You can use cloud-based software from any device with an internet
connection. Online accounting means small business owners stay
connected to their data and their accountant or bookkeeper.

13. Cloud security is world class
As a small business owner, you might be concerned about a cloud
service provider storing your data. But the cloud is one of the most
secure ways to store information.
For example, using cloud software, if your laptop is stolen, no one can
access your data unless they have a login to the online account.

14. Five ways cloud
software benefits
your business

15. You have a clear overview
of your current financial
position, in real-time.
1

16. Multi-user access makes it easy
to collaborate online with your
team and advisors. Get valuable
advice when you need it.
2

17. Updates are seamless and
happen while you sleep –
leaving you to spend more
time doing what you love.
3

18. Everything is run online, so there’s
nothing to install and your data is
backed up automatically. Updates
are free and instantly available.
4

19. Upfront business costs are reduced
– version upgrades, maintenance,
system administration costs and
server failures are no longer issues.
Instead, they are managed by the
cloud service provider.
5

20. Work smarter with accessible data in the cloud
The beauty of this software is the flexibility it gives you to run your business
from work, home, or on the go. Always get an up-to-date picture of how your
business is doing, no matter where you are.

21. With cloud accounting software, you have the option to
run your business remotely, from anywhere in the world.
When your data is fluid and accessible, the possibilities are endless.

22. Thanks for reading!

23. Here’s some more content you might like
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24. Xero is easy-to-use
accounting software
made for small businesses.
We make doing business a pleasure.
Learn more on xero.com