What is Cloud Accounting?

Accounting was previously characterized by typed ledgers stored in metal filing cabinets. Things have changed significantly since that time, and with good reason. This method left them incredibly vulnerable to the elements, as well as the wear and tear of old age. 

Accounting has evolved to the point where the majority of it is now cloud-based, meaning the data is stored on servers hosted by the internet. This method allows you to access the information from anywhere, have confidence that your documents are safe, and gives you the option to integrate with other systems for ease of use. This last point is a particular advantage; since you can sync it to other platforms where transactions are taking place, you won’t have to spent as much time on administrative bookkeeping tasks and can easily share with relevant parties. 

Are you taking advantage of modern cloud accounting? 

If you are uncertain, or perhaps realize that your answer is a flat-out no, you should put the time and effort into making changes and improving your accounting processes. Accounting serves an incredibly important function within your business. In order to keep track of your finances and make the best decisions, you need to understand what is happening with your money. Accounting gives you the ability to monitor the flow of money in and out of accounts so you can understand your current financial state and accurately project into the future.  

If these records are damaged, incomplete, or destroyed, it leaves you in the dark when it comes to your finances. You won’t have the data to make accurate decisions. Though you can attempt to reconstruct it, some discrepancies may occur that will result in a warped picture of your financial state. If you’re making decisions based on that information, you’ll likely end up disappointed with the result. 

At GEPC we offer DEXT and Quickbooks Online. Dext gives you valuable insights into your business and keeps track of your cashflow for you, while Quickbooks Online allows you to save time on bookkeeping tasks. Both operate on the cloud, meaning your data will be safe and secure. We want you to benefit from everything cloud platforms have to offer, and we can help you implement them successfully in your business. 

Call (705) 880-2224 or go to gregevans.ca to get started. We offer conversion services and training so you can experience a streamlined transition and start making the most of it faster. Have confidence in your data, take solace in the fact that it’s safe from harm, and get back to activities that will add value to your business. 

It all starts with a conversation. Schedule your free consultation with us.