5 reasons cloud accounting is good for business

Is a cloud accounting solution actually good for business? Cloud accounting software is a lot like the cloud itself: it’s everywhere, and it makes things easier. It’s affordable, accessible wherever you are, and easy to use. It also If you want to get the most bang for your buck or simply make your life easier as a business owner, read on!


1. You’re never “caught up” when it comes to accounting software

No matter how much work you do or how many years you spend with an accounting system, you will always have new features and capabilities to learn — and keep learning.

Accounting software is constantly changing, evolving into something better. While a current version might be great at helping a business run smoothly today, newer versions can offer features that make running the business easier tomorrow. And even though a company has been using a particular version for years, they’ll still need to be able to move on when it becomes obsolete or unusable due to changes made by their cloud provider. With cloud platforms, you leverage your databases’ portability and off-site nature if you ever need to switch systems.


2. You can access your accounting data from anywhere

Cloud accounting allows you to access your data from anywhere. This means you can use a mobile app, tablet, or laptop and keep track of your business finances wherever you are, even if that’s on the beach in Bali or at home with the kids. Post-pandemic, remote, and hybrid working environments have risen in popularity, so anywhere, anytime, any-device access means your workforce is ready to pivot location when necessary.


3. You don’t have to worry about your accounting software getting outdated

One of the most important reasons to use cloud accounting software is that it is always up to date.

If you were running a business and used an accounting package that was ten years old, you would be more prone to making mistakes while entering data into it. This could lead to severe problems down the road, like the inability to reconcile bank statements or keeping inaccurate records of customer payments. But by using cloud-based software, you don’t need to worry about an outdated program messing up your finances; because updates are automatic and seamless within these programs, your company will always have access to the latest versions of its accounting software.


4. Your financial data is automatically backed up

Cloud accounting software automatically backs up your data, so you don’t have to worry about losing it. In addition, you can access your financial information from anywhere, which means that no matter where your company is based and how many employees are working on projects across the world, everyone has access to the same information at any given time.


5. It’s easy to pay for

Once you’ve signed up for cloud accounting, you can use the software for as long as needed. There’s less pressure to commit to an annual contract or pay for space that goes unused. You can also choose how much storage and other resources to use — there are little to no up-front costs or minimums when purchasing new features.


Better for your business in the long run

Traditional software often requires extensive training before employees can successfully run the program, but cloud accounting programs are much more intuitive because they don’t need installation or maintenance. Instead, they operate in an online environment where users can access them from anywhere at any time using their smartphones or tablets. This convenience means that everyone who works with your company will be able to work faster and smarter than ever before.

Even if you have some technical knowledge under your belt, cloud accounting programs are still more accessible than traditional ones because they typically offer interactive training modules that allow users to learn new skills as needed without interrupting their workflow or paying for additional training sessions outside of work hours.


There are many benefits to using a cloud accounting solution like Sage Intacct, and the more you know about them, the better off your business will be. It’s not just a matter of convenience or cost savings — it’s an investment in your company’s future. If you’re looking for a new way to manage your finances, we’ve helped over 2,000 organizations meet their goals and improve their operations with more robust financials, fewer errors, and a renewed focus on efficiency; let’s chat about how we can do the same for you!