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What is Cloud-Based Accounting and Bookkeeping Software?
Accounting software allows small businesses to keep their accounts and books organized and updated. Accounting software helps keep track of receivables and payable and provides a clear understanding of the company’s financial health. Cloud accounting software works similarly to on-premises accounting software. The only difference is that it is hosted on a remote server. The data is sent to the cloud for processing and returned to the user’s system.
There are numerous cloud-based accounting and bookkeeping applications like XERO and QuickBooks, offering different capabilities. Small businesses can choose the accounting software depending on their nature of business, industry, and employee headcount.
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Why should Small Businesses use Cloud-based accounting software?
One of the biggest advantages of using cloud accounting software is the convenience of accessing all the account books in one place at the same time. Cloud accounting software allows users to sync their business bank accounts and credit cards with the program. Once the accounts are synced with the software, transactions will be recorded and categorized for the accounting staff to use.
Most cloud-based accounting software offers the following capabilities:
- Accounts Payable & Accounts Receivable Management.
- Online payment collection.
- Bank account and credit card syncing.
- Invoicing
- Financial statement preparation
- User access
Newly formed businesses that are small or mid-sized must be careful with their accounts. Properly managed finances allow small businesses to grow fast and quickly expand. However, small businesses often lack the resources and assets required for the proper upkeep of finances. Here, accounting software comes in handy.
At TaxAccountPro, we help small businesses integrate their financial accounts with XERO and QuickBooks and manage their finances efficiently. Whether you are an e-commerce, retail, services providing company, we will assist you in switching from legacy accounting systems to cloud-based accounting software.
Why do you need TaxAccountPro Services?
Time Benefit – Allows to plan round-the-clock operations.
Cost-Benefit – Lower cost of operations by 40%.
Staff Benefit – Right Level staff for different requirements.
Business Benefit – Save on Infrastructure and Technology for outsourced staff.
If you need a fast, accurate tax professional to prepare your tax return this year give us a call today at +1 (315) 644-2677
Trusted by many people
If you want a professional accountant to take the stress out of running a business then you can’t really do better. Tax Account Pro are advocates of cloud based accounting and make it really easy for you as a business owner to take control of your books. Highly recommended
Neeraj Chitra
As part of our property investment business, we have many clients who need advice on how to manage their finances regarding a buy to let portfolio. We will always refer these clients to Pro Tax, as they are some of the most professional and well qualified accountants around, and the advice and customer service they give is top quality
Michelle Nortan
My Experience Ankit was amazing. He pays a lot of attention to detail, is very much self driven, Extremely knowledgeable, Commits and achieves deadlines, very responsive, I would definitely hire him in the future.
Douglas Marato
I’m very Pleased. Ankit is very knowledgeable about US tax and was quite successful at looking at my problem, redoing my work and fixing issues and then give me advice for the future. I’ll be back.
Scott Turansky
As the owner of a new business, I needed an accountant I could trust. Lee is incredibly knowledgeable as well as personable, helping me ensure my business was set up and managed correctly. His work is professional and transparent, you know exactly what to expect and what you’re paying for. Cannot recommend highly enough!
Mr. Hassan Noorie
Thank you for all your professional help with our data! We wouldn’t be able to process all the statistics and numbers in time, and would surely lose tons of vital information!
Nicole Morrison