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Compliance with no paper receipts

Get back an extra 2 hours a day

We've raised previously the emergence of Cloud Accounting and the use of technology in the Accounting world. The last 12 months has seen substantial growth in this area and no longer is it discussion about the existence of Cloud Accounting but more so how to better utilise and leverage from it.

Many people often ignore or are quick to say "No" when asked if they want a receipt, but not small business owners. One wonders if these small business owners have a love for boxing up all this information and handing it over to their   Accountant. It seems more like they have been driven to this thinking that keeping a hard copy of their receipts is the only way that they can meet their compliance requirements with the Australian Taxation Office. Well move over shoe boxes there's a myriad of programs hitting the market that make you and paper obsolete. What's more these programs are just as friendly on your mobile phone devices and fully integrate with your Cloud Accounting program. What does this all mean - small business owners can get an extra 2 hours a day back into their lives!!!

Cloud Accounting

Is your 'head in the Clouds?'

It seems like every day there is new technology being released to meet consumer demand. The Accounting world is not immune to this. "Cloud Accounting" continues to be hot topic within the world of business. Cloud Accounting serves the same function as accounting software that you would install on your computer only it runs on a provider's server and you access it using your web browser, over the internet. Your data is securely stored and processes on a provider server "in the cloud."

Accessing your business financial information from anywhere, using any device (as long you are connected to the internet" is extremely convenient and efficient for your business. Benefits of Cloud Accounting include:

  • Flexibility with accessing data
  • No need to install software
  • Automatic update
  • Arguably high levels of security

Call us if you would like to discuss accounting in the cloud.