The Robin accounting software to Orbit Accounting and Tax’s Batman.
YOU MAY HAVE COME ACROSS THE BIG BROTHER OF CLOUD ACCOUNTING, CLOUD COMPUTING. LET’S SPEND A COUPLE OF MOMENTS INTRODUCING HIM PROPERLY.
Cloud computing is a kind of computing where instead of having a physical hard drive on your computer, you have a virtual storage space you can access via the internet. The beauty is you can still store all your important files, documents, data and software like you would with a normal computer, but without the reliance on hardware. If you’ve ever had a hard drive die on you or realised you needed an important file but it’s on your computer when you’re nowhere near it, you’ll understand the pain of being tied to a hardware based hard drive. This is where cloud computing excels.
You can access whatever you’ve saved anywhere you can gain access to the internet in a safe and secure, password protected environment. And you’re not at the mercy of hard drives or physical devices that might fail you.
IN A NUT SHELL WHAT IS ONLINE ACCOUNTING IN THE CLOUD?
Cloud accounting is a fancy way of describing a robust form of online accounting.
The main aim of cloud accounting is to give you the ability to easily follow your bank transactions, generate invoices, pay suppliers, and reconcile the money you have in your account whilst managing your taxation records and more.
THE SOFTWARE THAT WE CHOOSE TO USE
We choose Xero for all our online accounting needs and for the needs of our wonderful clients. It’s a safe, secure and transparent way to perform your accounting. You can access the information you need to perform all kinds of financial tasks via the internet from your computer, mobile or tablet. And you don’t have to worry about losing physical receipts, hard drives dying on you or performing backups to keep your records safe.
With online accounting via software like Xero, you can access your data, any time, any place and anywhere.
Lost files and USBs in your back pocket are a thing of the past.
Anywhere you can access the internet you can make use of cloud accounting.
Forget about the costs associated with multiple licenses and big software and hardware driven setups.
With Xero, you’re good to go with a standard internet browser and a login.
Maintenance is super simple.
Say goodbye to software that takes up half the hard drive, massive patches and spending your life savings on the next expensive release. Free updates happen whilst you sleep and without you having to lift a finger.
No more setting up a specific “this is the accounting computer” machine in your office and guarding it like the crown jewels.
You, your key employees and your valued accounting team (that’s us) can all share the information we need to ensure your accounting is conducted efficiently and with minimal headache. Cloud accounting is all about encouraging collaboration.
Backups don’t need their own dedicated vault.
If you’d love to recoup the shelf space from discs of data without worrying if you’ve got the info you may need in an audit or major review of the books, you’re in luck. Cloud accounting is a virtual backup. The data you save minute-by-minute, day-by-day is recorded and can be retrieved at a minute’s notice.
Setting aside time for data entry is a thing of the past.
The accounting you do is in real time. Using add-ons like Receipt Bank means no more holding onto bills and receipts until you have the time (or motivation) to get the books in order. It’s just scan and go. Through a stream-lined process, we’ve found our clients can be up to 80% more efficient with their bookkeeping and general day-to-day accounting because it’s painless and pressure free.
You can keep your kidneys, arms and legs.
Online accounting in the cloud is an amazingly affordable way for small businesses like yours to draw on the power of proper accounting services without the hefty price ticket. Now you have the freedom to pay a small monthly fee to access all the support and software you need without the stuff you don’t.
Xero is all about safety and security.
Xero is our chosen online accounting partner because of their safety record and their continued focus on security. Xero uses international bank level security to ensure the protection of your data. They use the same security measures and programs that keep 90% of the world’s money in the right hands via firewalls, encryption and physical security measures. We’ve chosen to go with a world leader who prides themselves on ensuring your accounts are treated with the utmost care and respect at all times.
Online accounting isn’t tied to one machine.
One of the security benefits of having online accounting is that you don’t have a physical hard drive or host computer that holds all the important information. This means events such as an office break-in or laptop theft doesn’t mean you’ve lost your bookkeeping and accounting information to a thief.
Passwords control the access to your information.
How you manage your accounts is entirely in your hands. You can nominate the people who can gain access to your information. And you can easily remove users and change passwords. Keeping your data safe is as simple as remembering to change passwords when staff changes occur and as a part of regular routine.
Xero and its 400+ ecosystem of add-ons allow you to invoice on the go, get paid instantly and balance the books with the click of a button. So no matter how many competing tasks you have in a given day, your accounting doesn’t call the shots or take a lion share of the time you have available. It saves you time, and we bet it saves you money. It’ll certainly reduce how much money you spend on Panadol during EOFY, BAS, payroll time or your monthly accounting. With online accounting, you’re finally able to lift the lid on your finances and make decisions based on having all the information you need in real-time rather than 12 months too late. Forget the tip of the iceberg- you’ll be able to see the whole underwater paradise that is your accounting in a few simple clicks. Who wouldn’t love that? In short, Orbit Accounting and Tax love cloud accounting because it gives our customers the support you need and the headaches you don’t.
Contact us today for a 30 minute obligation-free demonstration on Xero. You won’t be disappointed.