More and more businesses are moving their on-premise software into the cloud every year, and the accounting industry is no different. Here are the benefits of moving to the cloud, for your firm.
One of the best things about moving to the cloud is that you will be independent of your Windows computer. Do you need to access your work from an iPad or Mac computer? This is especially a strong case for accountants who use Apple devices or individuals who don't like to be tied down to their office.
Many firms currently store their backups locally, which means if there's a break-in, fire, or other accident happens in your local office, you would be in big trouble. However, by putting all your data in a secure cloud, it's one less thing to worry about, as most cloud providers offer this as a default.
Lastly, cloud providers can help you upgrade your server as you need anytime without changing your computer. You need more RAM because you want more staff to access your tax software at the same time? Check. You need more storage because you want to store duplicate copy into your server? Check. You can easily scale up and down resources as you need.
With all this, it's important to remember that the downside of moving to the cloud is that it requires constant, reliable internet access. However, as the internet is becoming much more prevalent anywhere, it's been better reasons to move to the cloud.
All tax software have different product features, different pricing, different things they are good at.
Service-based businesses are mostly stressful due to inefficiencies and lack of process.