Accountor CPA is Canada’s choice as a business accounting firm. Our accountants give a company better control over its finances through financial reporting, administration, analysis, and tax planning and filing. These services are even more valuable when done virtually through the cloud.
Cloud accounting services and software are the future of accounting for businesses. It provides more scalable services, better support, access, and, most importantly, better automation. For small businesses, medium-sized businesses, and large corporations alike, cloud accounting can make the difference between breaking even and making increased profits year on year.
Keep your financial management consistent and accurate when using the latest in cloud-based accounting for your business. Accountor CPA offers personalized cloud-based accounting services to keep your operations moving forward.
Take back your time with Accountor CPA cloud accounting services.
How Does Cloud-Based Accounting Work?
Cloud-based accounting refers to a virtual system to allow businesses to have bookkeeping and accounting tasks completed by a qualified professional remotely. The services are accessible entirely through an online network or cloud accounting software.
The “cloud” makes data and software available anytime, anywhere, and from any device. In the case of cloud accounting services, you keep your business books fully online. They can be safely linked to your bank accounts to minimize data entry and simplify cash flow procedures. They can also typically be integrated easily with other software, like payroll management, benefits providers, timesheets, and tax filing programs.
Users gain access to the online cloud accounting software that best suits their needs as administered by their accountant. The accountant then uses the software to provide accounting services entirely virtually to the client. It’s as easy as that!
Who Can Use Business Cloud Accounting?
Has your business grown and requires more robust accounting services? Do you have many invoices and expenses to track each week? Are you finding yourself hesitating before making large business decisions? Or have you recently started your business and just aren’t sure where to start?
Cloud business accounting can be the solution you need.
Any small business, medium-sized enterprise, or large-scale corporation can benefit from cloud accounting. Every business owner should have access to their company’s financial data at any time without the added hassle and costs of hiring an internal accountant.
Cloud-based accounting services provide benefits across industries, including:
- Retail
- Manufacturing
- Industrial and Factory
- Legal
- Real Estate
- Healthcare and Medical
- Research
- Academics and Education
- Insurance
- Travel and Leisure
- Truck Owner/Operators
- IT and Computer Sciences
- Import/Export
- Restaurants and Bars
- Contractors
- Self-employed
Take the stress out of your hands with Accountor CPA’s cloud accounting tools and services.
Advantages of Using Cloud Accounting Services
Cloud accounting offers numerous benefits to your business over traditional accounting services. Get all the quality of service and accuracy expected from your accountant with even more added advantages.
Automation
You can automate almost any accounting process when it is on the cloud. Automatically pay bills, run payroll, generate reports, and issue invoices once you set it up. Take bulk items off your weekly to-do list.
Access your data easily
Cloud-based accounting software does not require a program download to sit on one computer at all times. Access your software from any device in any location. You no longer need to be tied to your desk to view your accounting details.
Peace of mind
You can be sure your accounting is in the best hands when you work with a cloud accounting firm. You do not have to worry about training internal staff, going through the hiring process, and finding gaps in knowledge or experience. Instead, your dedicated team has the years of experience you need for quality accounting.
Improved accuracy
In cloud accounting software, all algorithms and calculations are already there. All figures get inputted into the same system to eliminate the risk of repetition or making an error in calculations. If you do make an error, everything is trackable, so you know where you went wrong.
Always have an up-to-date view of your finances
No more waiting for your accountant to update you at monthly meetings. Whenever you need a snapshot of your cash flow, budget, expenses, or other finances, you can check from any device.
Simplify collaboration
Whether with your team or your outsourced accountant, you can collaborate much more easily when your data is in the cloud. You can provide documents to your accountant seamlessly and immediately, and they can generate reports as needed. You can also manage employee access to give certain staff members information they may need, like sales or marketing.
Better support
Cloud-based accounting software boasts quick and easy customer support if you or your accountant encounter problems. Instead of waiting for your IT personnel to handle it or needing to visit your accountant in person, everything can be handled quickly and easily online.
Redundancy and disaster recovery
The days of losing your accounting data if your computer crashes are over. With cloud accounting software, your data is safe on the cloud. So if your computer crashes, you can access your data safely from another device and not lose your information. No more panic when the screen suddenly goes blank!
Cloud Accounting for Small Business Services
Accountor CPA proudly offers several cloud accounting services for small businesses, SMEs, and corporations in Canada. Our services are easily scalable and customizable to provide your business with the required level of service.
Some of the cloud accounting services our specialists offer are:
- Cloud software recommendations, setup, and support
- Software integration management
- Document management
- Bookkeeping and financial reporting
- Accounts payable and accounts receivable management
- Preparing annual statements of accounts
- Preparing and filing all relevant income tax documents
- GST/HST preparation and filing
- Incorporation services
- Payroll services
- Financial advising
- Managing and forecasting cash flow
- Employee and HR management
- Tax planning and tax strategizing
- Amalgamations and expansions advising
- Full tax compliance
- Liaise with Canada Revenue Agency
- Prepare for and manage audits
- Regular financial reporting
What does your business stand to gain by upgrading to cloud accounting services? Let us show you.
What Are the Best Cloud-Based Accounting Software Choices?
There are a number of cloud-based accounting software and apps available for small businesses. The CPAs at Accountor CPA work with various cloud accounting systems so that we can recommend the best one for your company’s needs.
Some of the industry’s top cloud accounting software are:
- Xero
- QuickBooks
- FreshBooks
- Sage
- Wave
Several cloud-based accounting software and apps are available for small businesses. So our first step as cloud accountants is to determine which software is best for you.
We are Experts in Xero Cloud Accounting
Xero is one of Canada’s top cloud-based accounting software programs. At Accountor CPA, we are experts in setting up, administering, and troubleshooting in Xero to provide our clients with the best experience possible. We understand how Xero interacts and integrates with other applications and we work to help you get the most out of your cloud platforms.
Switching to Xero cloud accounting can be intimidating if your business has been using a traditional accounting program or a ledger. We make the transition easy by handling the technical setup and introducing you to the functions you will use most, such as uploading receipts or accessing reports. We also help set up your “dashboard” - your one-stop-shop financial overview to give you a clear idea of your finances.
Cloud Accounting Companies Vs Traditional Accounting
With traditional accounting, like ledgers or even standard accounting software on downloadable programs, there are numerous of problems that cloud accounting systems seek to solve.
With traditional accounting, the program is downloaded on one system, like the office computer, and only accessible on that device. To move data to another device, you must do so on a USB stick, which does not have security measures in place.
Typically, this means only one person has access to the accounting data. As a result, people in sales, marketing, or HR departments cannot access key data for decision-making.
If there is an emergency or something goes wrong with the device, such as theft, fire, or a simple system crash, you risk losing all of your accounting data. There are no backups, and trying to make them can be costly.
Lastly, updates must be done manually. Often, companies will go years without updating their systems, leading to issues with tax compliance and gaps in best practices as legislation changes.
Cloud accounting solutions allow these issues to be corrected by securely storing accounting data on the cloud, backing up regularly, accessing easily, and updating automatically.
Cloud Accounting Security - Is It Safe?
An integral part of accounting services is confidentiality and security. No qualified accountant will choose to work with online services that are not secure and safe. At Accountor CPA, we work with some of the industry’s most well-known and trusted cloud accounting software programs dedicated to providing security for clients.
Some of the security measures the top cloud computer software offers are:
- End-to-end encryption of data
- Secure physical premises and staff
- An off-site backup server for disaster recovery
- Regular security audits
- Automatic updates and security patches
- Built-in user identification methods
- Potential fraud notifications
- Dedicated anti-malware staff
Modern cloud accounting software uses many of the same security features that online banking programs use. So you can be sure that your confidential and sensitive accounting data is being kept safe.
Cloud Accounting Costs
One of the major benefits of cloud accounting over traditional accounting is the ability to scale service to adjust costs for your business.
The cost of cloud accounting for your business will depend on the level of service needed and the various programs and integrations your company requires. We can personalize your services with cloud-based software, so you only pay for the aspects required to achieve your goals.
Many clients find that cloud accounting is much more flexible than traditional accounting regarding price.
Because the accountants at Accountor CPA operate entirely on cloud software, we are able to pass those cost savings on to our valued clients.
Upgrade Your Business to Cloud-Based Accounting Software
Are you still working with traditional accounting programs? It’s time to upgrade and simplify your accounting packages.
At Accountor CPA, we are proud to be one of Canadian businesses' best cloud accounting service providers. Our wide range of services ensures we meet all our clients’ needs and help them propel their businesses towards success. We operate as a dedicated member of your team.
Let’s start with a free consultation to learn how our cloud-based accounting services can help your business. Contact us today.
