Whiz Consulting is a reputed name in the field of accounting and bookkeeping services. Their team of experts delivers top-notch accounting and bookkeeping services. They are helping UK-based businesses to outshine by offering outsourced accounting and bookkeeping services. Not only in the UK, but they provide their services in countries like the USA and Australia and help businesses streamline their processes with their outsourced services. In a recent interview with Whiz Consulting, their officials highlighted the growing need and importance of cloud-based accounting software. The officials added to the fact that cloud-based software can completely transform the world of accounting.

Cloud-based accounting software, also known as online accounting software, allows users to access all the information on a remote server. In simple terms, it will enable businesses to view and access information from their own devices instead of using individual desktops. If a company has different branches, it becomes easy to access the same data and the exact software version. The only requirement is good internet connectivity. In addition, most cloud platforms also have an API, meaning that third-party software can connect with the company’s system and provide valuable insights.

Before the cloud system, businesses were using traditional accounting software. “The traditional accounting software limits the expansion and diversification of the accounting process,” says Whiz Consulting’s senior executive. Traditional accounting software is completely desktop-based, and the application must first be installed and then used from the hard drive. The conventional system has shortcomings, including constant software updates, data security, and other increased costs. On the other hand, cloud accounting software is the exact opposite. Even though it functions like traditional software, it has better technological advancements. Every piece of information is stored in the cloud and is 100% safe and secure. There is no need to update the software; third-party integration and data security are the benefits.



“The versatility of cloud-based accounting software allows businesses to streamline their business processes,” said the expert team at Whiz Consulting. The cloud-based software allows organisational integration to a large extent. With the help of the cloud, one can bring the whole organisation’s system to one place. The accounting system highly depends upon accurate data and its processing, and with the cloud-based system, it is easy to maintain numerical accuracy. The experts of Whiz Consulting also highlighted specific points by which it can help to streamline the business processes:

No physical space- It is internet-based, so there is no need for any physical space. Each work can be performed remotely by all the members. It also provides knowledge regarding the latest accounting software to the employees. With remote access, businesses can also reduce their office-related expenses.



Security of data- It secures all the financial data much better than any on-site accounting system. Also, it provides backup, allowing users to retrieve any information in case of server issues. All the data is stored in the cloud, which is encrypted and password protected.



Automated process- A cloud-based accounting software is fully automated, increasing the business processes’ efficiency. Complex accounting tasks can be executed easily with the help of automation.



No manual errors- There is no manual intervention in data processing, which eliminates the chances of human errors. The fully automated system processes all the information in the cloud, reducing the scope of manual errors.

Cloud-based accounting software like Xero, QuickBooks, FreshBooks, etc., are some of the popular accounting software. The different plans this accounting software allows every business to invest in them. The senior executive at Whiz Consulting adds, “Our team of experts is well equipped with the latest accounting and bookkeeping software like Xero, FreshBooks, QuickBooks, etc., to facilitate the accounting process of every business.” The specifications provided by cloud-based accounting software cater to every business need and requirements. From basic to advanced features, cloud-based accounting software has something for every type of business.

ABOUT WHIZ

Whiz Consulting, a prominent name in the area of accounting and bookkeeping services, has been providing outsourced services to many countries. Our team is full of experienced professionals with extensive knowledge and years of practical exposure in accounting and bookkeeping.
https://www.whizconsulting.net/uk/cloud-accounting-bookkeeping-software/