Professional Bookkeepers & Accountants in Croydon - EZY Accounting Solutions

 Bookkeepers in Croydon - Do you need a professional bookkeepers & accountants in Croydon? If yes, then EZY Accounting is the solution for you to achieve your financial goals for small and medium businesses. Our bookkeeping and accounting services are reliable, proactive, and easily accessible.

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CLOUD-BASED ACCOUNTING VS. TRADITIONAL BOOKKEEPING

Cloud-Based Accounting Vs. Traditional Bookkeeping. 

Traditional bookkeeping or shoebox style bookkeeping mainly involves the functions such as sending and receiving invoices, processing transactions one by one from paper-based statements or invoices, paper-based client queries but on the other hand, cloud computing is not just more efficient but far more organised, quicker and helps in reducing hefty paperwork in the business through the digitalisation of data.

Advantages of cloud-based accounting over traditional bookkeeping.

 Cloud computing rather than traditional shoebox bookkeeping has altogether revolutionized the modern bookkeeping style through its numerous advantages.

●    Unmatched accessibility. 

From account managers to stakeholders, cloud computing makes data accessible in a few minutes on any device anywhere with the help of the Internet. Its mobility and instant interaction allow individuals to keep track of their records. While in traditional bookkeeping, the receipts and invoices were stored in one place and each time data was required, it was to be retrieved manually from the managing individual.

●    No concerns about the safety of your records. 

If you are worried about data security, in that case, cloud computing services allow you to have custom settings, firewalls, encryption safety factors to make it secure and keep data safe. Whereas in traditional bookkeeping, data may get lost or get corrupted over time due to paper loss or crashing of the hard drive where the desktop accounting file was saved but the data stored on the cloud stays in its intact form that you can access even after a long dormant period.

●    Are you worried about losing data? Fear not. 

When switching devices, you will not lose your data as cloud computing stores the whole data on the cloud which is accessible from any device. You also can back up your data and restore it on any device in case you are cancelling the software subscription. In traditional bookkeeping, relocating or setting up new records may result in you losing your accounts as it involves transferring data or files from one system to other. 

●    No complex mechanisms. Simple and easy. 

Its simplicity and scalability allow it to be accessible all across the globe, and it has changed the course of the accounting industry. You don't have to be a pro at managing things. It's simple and user-friendly technology that you can easily manage.

●    Constant upgrading. 

The fact that cloud computing provides people with real-time metrics allows accounting firms or accountants to quickly develop strategies or interventions for efficient operations, unlike traditional bookkeeping that continues to work conventionally, only allowing limited insight into data.

We hope you've found this article relevant, and all your concepts of the difference between Cloud-Based Accounting and Traditional bookkeeping are now clear. 

We partner with various cloud accounting software providers such as XERO, QuickBooks, MYOB and others. If you have any questions or looking for XERO bookkeepers in Melbourne or throughout Australia, feel free to contact us anytime, we'll be glad to answer :)

Contact Here:

EZY Accounting Solutions

ADDRESS

200 Eastfield Road, Croydon South, VIC 3136

CONTACT

+61 452591195

enquiries@ezyaccountingsolutions.com.au