What is Cloud Accounting?

Cloud accounting allows business owners to gain access to business intelligence in real-time anywhere and any time of the day. It can access applications from an offsite provider via the internet rather than company-owned and maintained hardware and software. This means that you can access it on your tablet, PC, laptop, or smartphone! All accounting tasks such as bookkeeping, invoicing, or payroll processing are all done online, with all the data stored in the cloud.

Cloud accounting increases efficiency in many ways. It improves cash flow collection by integrating with various online payment gateways such as credit cards, Paypal, Stripe, etc. You can detect duplicated entries, fraud, and other discrepancies anytime and anywhere with cloud accounting. Relying on cloud accounting can also help businesses save time and money by keeping data consistent and error-free. Viewing financial information will be so much convenient on devices with cloud accounting. We will be able to view our cashflow statements, and the expenses claim at one touch. It will eliminate all the downtime and have a quicker and better decision-making response. It also helps business organisations to stay more organised and paper-free too!

Companies can now integrate the cloud accounting system with more secured third-party software and applications! There are also multiple add-ons available in the marketplace to customise the cloud accounting system to the different needs of businesses, including inventory management, e-commerce, human resources management and many others.

Xero As a Cloud Accounting Software

Using Xero, one of the most popular business cloud accounting solutions in the world, as the cornerstone of our cloud solutions, Singapore Corporate Services can access our client’s information online and assist their needs in real-time.

Using dashboards, we will have easy access to essential and real-time financial information such as who owes you money, what bills are due and how your cash flow is looking. Xero also keeps track of all the transactions such as banking, credit card usage and online payments. Using Xero also helps to ease the invoicing process. You can now create and send invoices over the internet, or the phone application and clients can receive the invoices immediately and initiate payments with just a click.

Business owners who are sceptical about cloud accounting software or are afraid of leakage of financial data can now be reassured with Xero. With Xero enhanced security (multi-factor authentication) and Xero verified apps, the cloud software will back up the data and protect it with multiple layers of security including industry-standard data encryption and secure data centres so information will be secured.

Benefits of Xero Cloud Accounting Software

1. More Accurate Financial Reports to Make Better Business Decisions
2. Give Real-Time Insights of Accounting Status at Your Fingertips
3. Improve Business Flexibility
4. Lower Operational Costs and Resources
5. Better Security of Financial Data
6. Multi-User Access Makes It Easy to Collaborate Online
7. Data Backed-Up Automatically
8. Streamline Payroll Processing
9. Streamline and Automate Payment Process

Xero Cloud Accounting Software can help to leverage technology to provide useful insightful advice, improve business decisions and reduce administrative tasks. Xero enables smooth business operations even when on-the-go and deliver the full ultimate client services!

With the service from Singapore Corporate Services, you will get the benefits of cloud accounting applications combined with the strategic advice from our Xero certified advisors and our Migration specialists.

Contact us today for a free non-obligatory consultation to find out more on Xero Cloud Accounting Software now!

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