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Introduction to Cloud Accounting System


Cloud Accounting

Cloud accounting allows businesses to keep their business books online. Businesses can record their income, expenditure, assets and liabilities of the business. Users who are granted login will be able to view the data as the information is encrypted.


How does it work?

Businesses will subscribe to an online account software solution (subscription plan varies according to business’s needs) and then move their books online. Users with granted access will be able to enter through any web browser or mobile application. Users can also connect their business bank account to keep track of banking transactions easily.


Benefits of a cloud accounting software

  • Sales or income and purchase data can flow from your business bank account to your books effortlessly without additional transcribing efforts.

  • Keep track of your financial position at any time.

  • Smooth and easy online collaboration with team and advisors.

  • No installation or updates required.

  • Automatic data backup.

  • Easy dashboard setup to show important financial information—due bills, cash flow, and who owes you money.

Cloud + Accounting = Perfect Software?

Cloud-based software can be accessed from any device with an internet connection. Online accounting software helps small business owners connect to their data and accountants. It is scalable, cost-effective and easy to use. Instead of installing and running the application over a desktop, you can easily pay a monthly subscription and use it through the app!


Accessible data in the cloud

By subscribing to a cloud-based accounting system, you can run your business and view your books anywhere, from home, work or on the go. Software updates are available easily in the cloud and you can get updated on the new features instantly! Being able to run your business and view your data remotely allows you to have more flexibility and accessibility!


Cloud Accounting Software available at Ace

Xero Accounting System | Quickbooks Accounting System


If you would like to enquire or place your orders, do contact us at

care@acebizservices.com or call us at (+65) 6262 0402.


Sources

https://www.xero.com/uk/resources/small-business-guides/cloud-accounting/cloud-accounting-business/ 
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