Nowadays, very few people use traditional paper-based ledgers to record their business transactions and most will be familiar with using computer software to record and store their business accounts.
Cloud-based accounting software is similar to a using desktop computer software with one important difference.
Rather than storing the information on your own computer, the data is sent into the ‘cloud’ and is securely hosted on a remote server.
There are a number of benefits to cloud-based accounting including real time secure data access, so you can check your business transactions via Wi-Fi from a smartphone or laptop at any time of day and from virtually anywhere in the world.
You can also share this data with your accountants, allowing them to log on and access your account on your behalf. Because there is no software to download, there are no expensive software upgrades or maintenance issues to deal with.
To find out more about Cloud-based accounting and how Salhan Fund Flow can help you and your business, please contact us.