Gartner said spending on the cloud is expected to rise to $109 billion this year from $91 billion last year. Gartner made its IT spending forecast by polling three-quarters of the Global 500 companies.
Cloud Accounting programs allow businesses to see their cash flow in real-time from any computer with a secure log in. There is even a mobile version designed for smart phones like iPhone, Android and Blackberry. The data is stored on multiple redundant servers at tier-one data centres, guarded 24/7/365. This is supported by a world-class network, data and physical security environment.
Cloud Accounting is appealing to small and medium businesses because it allows them to “scale out” their technology. They can become more flexible and grow without added overhead costs. Programs like Xero are an exceptionally full-featured QuickBooks replacement, aimed at providing many of the options available with modern accounting software, in a tool that’s streamlined and easy to use. It is designed to handle complex accounting tasks, such as dealing with payroll, inventory and foreign currencies.
“Businesses see Cloud Accounting as an opportunity to become less reliant on fixed, expensive, software,” said Michael Kuster, CEO of Cloud Accounting Australia. “Over the next few years, we expect this industry to continue to grow as businesses pursue software options that allow for telecommuting, or hotdesking”
Cloud Accounting Australia
At Cloud Accounting Australia we believe that the accounting industry and what businesses expect from us as their advisors is drastically changing. The time has come where general tax compliance work is becoming a commodity and we see our clients needing us for more value added services.
With technology advancing fast and Cloud Accounting solutions now available we are able to offer our clients a much lower cost service than traditional accounting firms (with no compromise in service levels!) .
For more information on products contact us on 02 8003 7275.