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September 13, 2017
Finding the right cloud solutions for small business is particularly important for CPAs. Your business hinges on finding the right tools, whether it’s accounting software, payroll, or time tracking. You don’t have a lot of money to waste on a tool that may be hard to implement and understand.
We’ve pulled reviews from a variety of sources, and looked closely at the software to help you determine the top five cloud solutions for even the smallest of CPA firms. How can these tools help your firm stand out in a competitive market?
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Accounting Cloud Solutions for Small Business
The beauty of cloud solutions for small business is chiefly that they are in the cloud. That means small accounting firms won’t have to purchase expensive software. This marks cloud models as having a distinct competitive advantage over the alternative.
Cloud software never needs an on-site upgrade; these updates and security patches are happening constantly in the cloud. Think of it this way: a new car depreciates as soon as you drive it off the lot. Technology is no different; upgrades to security and to the software itself are happening, literally, all the time. Cloud models are designed to keep you up-to-date – which is a necessity from a security standpoint.
CIO looked at some of the cloud-based accounting models for small CPAs and recommended five platforms:
While these are some of the accounting-related software solutions on the market today, CPAs are also using other cloud solutions for small businesses. A study in the Journal of Accountancy noted some of the cloud-driven trends that are shaping the profession:
PC Magazine suggests that these newer cloud-computing accounting models are characterized by:
But cloud software has created new opportunities for CPAs to expand their service offerings in ways that are still evolving. Today’s modern CPA must feel comfortable with cloud computing and the tools it offers such as automated billing, scheduling, document sharing, and more. Adopting new workflows in today’s digital environment is a necessity; with cell phone use increasing, CPAs must adopt cloud software to maximize their services or run the risk of falling behind the competition.
It’s not melodramatic to suggest that the small CPA firm must be well-versed in cloud computing models if they want their business to succeed. Cloud models allow these providers to market their services in new and appealing ways to a generation that has grown up with these technologies at their fingertips.
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