The cloud technology in a recent few decades has witnessed an unprecedented growth. Businesses across the world are heavily relying on the cloud technology. Expenditure on this contemporary technology has witnessed 25 percent growth.
Application of this technology has efficiently helped SMBs to easily develop their business-critical infrastructure. In fact, it has shown its impact on the overall financial operation, structure and infrastructure of SMBs.
The collaboration of an advanced accounting software and the cloud technology helps businesses to easily enhance productivity, accuracy and profitability.
All in all, by leveraging on this technological advancement, you can experience robust and agile accounting experience.
If you are restructuring financial model of your business or in case you are a budding startup and hunting for a comprehensive accounting and bookkeeping infrastructure then in this blog post we will help you understand how by banking on the cloud technology, you can easily create the modern accounting infrastructure.
Before we proceed further, let’s first understand the concept of the modern accounting infrastructure.
Modern Accounting Infrastructure
The modern accounting infrastructure comprises of several components that primarily include: the best-suited accounting software, the platform to host it and the team of certified experts who manage the accounting software and updates daily financial transactions and details.
Accounting Software
There are numerous accounting software available for SMBs, CPAs and individual entrepreneurs, and selecting the best can be a real headache. Well, QuickBooks and Sage are the most commonly accounting software that are designed and developed to cater industry-specific accounting, bookkeeping, payroll and tax needs.
Platform to Install the Software
The second component that determines the performance of your accounting infrastructure is the platform where you install and from where you access your accounting software. You can host an accounting software either on an inhouse server or on a cloud server. By hosting an accounting software in a cloud server, you can attain maximum mobility, robust security and several other advantages.
Team of Certified Experts
Team of experts who manage your daily accounting and bookkeeping needs are the third component that makes or breaks your accounting infrastructure. It is, therefore, always advisable to hire a team of certified experts, such as QuickBooks ProAdvisors to manage the QuickBooks accounting software.
Concept of Cloud Technology in the World of Accounting
Cloud technology has brought a major paradigm shift in the way businesses and professional CPAs have been managing their finances. With help of the cloud technology and an accounting software, such as QuickBooks Desktop, you can easily get the much-needed mobility, security, flexibility and robustness.
Cloud technology offers a gamut of advantages that can supercharge the functionality of your accounting, bookkeeping, payroll and taxation teams. Before we discuss the software that works perfectly fine with the cloud, let’s discuss the major advantages that cloud technology offers to the world of accounting.
Anytime and Anywhere Access
By hosting an accounting software in a cloud server, you can have anytime and anywhere access to your company files and other quintessential files that you want to from any remote location and at any point in time.
Robust Security
Data stored in an accounting software are Personally Identifiable Information (PII), and, therefore, it is of utmost importance that you have a robust security mechanism that ensures optimal data protection.
The cloud technology with its advanced data security features such as end user data encryption and other ensures that you have a well-placed mechanism for data protection of an accounting software.
Ultimate Flexibility
When you host an accounting software in an inhouse server then you lack the basic need of mobility. In case, if you host accounting software in a cloud server then you can get the ultimate flexibility to access an accounting software from any operating system and from any device that you love.
Scalability
By hosting an accounting software in a cloud server, you can anytime scale up or scale down your resources at any point in time. Along with this scalability, you need to pay only for the resources that you use for operating an accounting software, such as QuickBooks.
Multi-user Collaboration
QuickBooks hosted on a cloud server can be easily setup in multi-user environment. Multi-user collaboration of QuickBooks Desktop enhances the overall productivity of your accounting team as well as clients.
Collaboration of QuickBooks with the Cloud Technology
After understanding amazing advantages of hosting an accounting software on a cloud server, now let’s explore an accounting software that goes perfectly fine with the cloud technology. QuickBooks Desktop accounting software can be easily hosted on a cloud server. You just need to consult a professional and reliable QuickBooks hosting service provider.
What’s Next
If you want to bank on the cloud technology to build modern and cutting-edge accounting infrastructure, then, you just need to contact an experienced and reliable QuickBooks hosting service provider. AUDINC is a QuickBooks hosting service provider based out of the United States. AUDINC with its passion to establish the modern and agile accounting infrastructure has been continuously helping SMBs and CPAs to bank more on the cloud technology.