Three features for small businesses to look out for in accounting software

1.    Easily accessible and secure accounting with cloud-based software

Gone are the days of manual data entry and documents localised entirely within your hard drive. At least, that’s the case if you opt for cloud-based accounting software.

Choosing to move your books online provides you with unrestricted access to all of your business’ finances anytime, anywhere. Whether it’s through a web browser or an app on your mobile, getting your accounting done is now as simple as logging in to your account. Most cloud-based accounting softwares also support multi-user access, making it easier than ever to collaborate with other members of your team or financial advisors remotely.

Cloud-based accounting will help you automate simple tasks like importing transactions directly from your bank, producing recurring invoices and generating reports. This is great for cutting back on manual work, giving you and your team more time to focus on the productive tasks that will help your business grow.

With multiple levels of security, like advanced encryption and access control, your business’ information has never been safer than with cloud-based software. Stored online and automatically backed up to secure servers, only the users you approve will have access to your accounts data. You don’t need to worry if your device becomes damaged or is lost either, as all of your information will be there as soon as you have access to a new one.