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3 ways to make the cloud work for your accountancy firm

3 ways to make the cloud work for your accountancy firm | Cloud Central | Scoop.it

Your firm’s success is tied to the satisfaction of your clients. Providing the best financial services, regardless of the location or time, is possible with the cloud. The main attraction to the cloud is the fact that critical information can be stored securely and retrieved instantly.

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This aspect of the cloud eliminates geographical obstacles and time constraints enabling CPA firms to assist clients anytime, anywhere.

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Slovak Startup Datamolino Bags €500K To Make Accountants’ Lives Less Boring

Slovak Startup Datamolino Bags €500K To Make Accountants’ Lives Less Boring | Cloud Central | Scoop.it
Spare a thought for accountants. Slovak startup Datamolino has, by building a platform for SMEs to cut through the tedium of manual data entry of invoices and..
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It’s also aiming to integrate its system with other relevant SME-targeting b2b software packages to foster further spread. ”There is a huge opportunity to implement [Datamolino] with solutions such as Sage One, Quickbooks, Xero, etc,” he says. “Our product has to go through technical and marketing review with such firms — the seed funding should ensure we can get through that.”

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A Guide to Switching to Cloud Accounting Software

A Guide to Switching to Cloud Accounting Software | Cloud Central | Scoop.it

If you are a small business owner, you undoubtedly understand the importance of keeping your finances in order. However, you likely realize how difficult such a task can be.

Peter Azzopardi's insight:

Online accounting offers a number of advantages over the desktop alternative. The most significant is that the cloud lets you access your financial data from any computer with an internet connection or on your mobile device while on the move. This means that your accountant, financial advisor and other stakeholders can also access your books remotely, allowing everyone to collaborate around the finances.

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Cloud computing gets intelligent

Cloud computing gets intelligent | Cloud Central | Scoop.it
Has the plethora of new cloud computing product releases allowed the finance function’s aims to be easily translated across the business? asks Rachael Singh
Peter Azzopardi's insight:

Interesting article. Towards the end we have a piece on Gartner's findings in regards to cost, arguing that in the long run the savings will not be all that much better. But best to read it there.

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Cloud and Tax: What CIOs Need to Know Before Making the Move | Innovation Insights | Wired.com

Cloud and Tax: What CIOs Need to Know Before Making the Move | Innovation Insights | Wired.com | Cloud Central | Scoop.it
Image: scott*eric/Flickr Cloud computing is a technology megatrend that increasingly affects all industries, from technology companies such as cloud se
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INFOGRAPHIC: Assessing Cloud Accounting Applications

INFOGRAPHIC: Assessing Cloud Accounting Applications | Cloud Central | Scoop.it
A CPA or other accounting firm can benefit from cloud computing in different ways. One, the overhead is quite low.
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Accounting Today: KPMG Compares National Taxes on Cloud Computing

Accounting Today: KPMG Compares National Taxes on Cloud Computing | Cloud Central | Scoop.it
KPMG has introduced an online resource that examines how tax authorities in 18 different countries are dealing with the challenge of taxing cloud computing services.
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Tax Issues In Cloud Computing | CloudTweaks.com

Tax Issues In Cloud Computing | CloudTweaks.com | Cloud Central | Scoop.it

Today, taking advantage of computing power has moved toward the subscription model away from the self-management and acquisition model. Through the subscription model, a business enterprise needs to tap into the skills of third-party managers in order to take advantage of the latest tools. The continuous evolution of cloud computing has provided many benefits to business, but it has also affected some of the present tax rules. Through cloud computing, accountants can access information and software anywhere, but location is an important consideration as regards taxation. Thus, there are challenges faced by cloud computing when it comes to tax regulations.

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QuickBooks Hosting Real Time | Real Time Data Accounting

QuickBooks Hosting Real Time | Real Time Data Accounting | Cloud Central | Scoop.it
Imagine being able to take your desktop home with you from work and having it loaded with all the accounting software and files - That is exactly what you get when you use Cloud9 Real Time for QuickBook real time data and accounting.

 

via @Cloud9RealTime

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Cloud Computing Versus Software as a Service | AccountingWEB | By David H. Ringstrom, CPA

Cloud Computing Versus Software as a Service | AccountingWEB | By David H. Ringstrom, CPA | Cloud Central | Scoop.it

As our world becomes more and more connected, the terms used to describe online services blur into abstraction. In this article, I'll clarify the terms "cloud computing" versus "software as a service," often referred to as SaaS. In some ways, it's like describing two sides of the same coin. However, there are some clear distinctions, along with risks and rewards to keep in mind.

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Accountancy: Heads in the cloud: Part 2 | Journal of Accountancy

Accountancy: Heads in the cloud: Part 2 | Journal of Accountancy | Cloud Central | Scoop.it
Cloud computing is transforming the way accounting is done, but many in the profession have yet to embrace the technology.
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Taxing questions about the Cloud | BusinessCloud9

Taxing questions about the Cloud | BusinessCloud9 | Cloud Central | Scoop.it
Cloud Computing doesn’t just pose a challenge to IT managers. Moving an organisation’s technology infrastructure on to the internet also raises interesting tax implications that have attracted the attention of tax boffins at KPMG.
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Accountancy: How To Choose An Accounting Software For Your Small Business | CloudTweaks

Accountancy: How To Choose An Accounting Software For Your Small Business | CloudTweaks | Cloud Central | Scoop.it

Every small business owner will surely want to see his/her business prosper. He/she will work hard in order to have his/her business in tip-top shape. Income and expenses will surely be tracked in order to find out if the business is still profitable. Gone are the days when business owners keep track of them in spreadsheet or even on pare. At this day and age, there are a lot of accounting applications for small businesses which can cater to various needs of an entrepreneur.

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INFOGRAPHIC: Why SMEs Should Do Their Accounting In The Cloud

INFOGRAPHIC: Why SMEs Should Do Their Accounting In The Cloud | Cloud Central | Scoop.it
Accounting In The Cloud - Cloud-based accounting software for SMEs has been exploding recently.
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One of the survey’s main findings was the importance that accountants place on the importance of year-round communication between themselves and their clients.

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Should you put your small business accounts in the cloud?

Should you put your small business accounts in the cloud? | Cloud Central | Scoop.it
More and more operations are migrating to cloud-based systems – including accounts, from invoicing to payroll
Peter Azzopardi's insight:

".... just how safe is it to post your financial data to a server that is owned, maintained and secured by someone else, somewhere else?"

 

 

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Cloud Computing - Marking the Era of Green Accounting

Cloud Computing - Marking the Era of Green Accounting | Cloud Central | Scoop.it
In the present age,‘Green Technology’ is the evolving business vogue. As professional cultureprogresses and immense increase in small entrepreneurial firms is noticed,information storage and operational processing demands cost-effective solutio...
Peter Azzopardi's insight:
According to a survey, it has been observed that some of the most famous hosted applications for managing financial statements include:
Accounting- QuickBooks, Peachtree and MYOB (different versions for varying business requirements)
Taxing- Drake tax software, Lacerte tax software, ATX tax software and ProSeries tax software

 

Thanks to Aravinthan Asokan for the scoop.

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More Businesses Looking to Cloud Accounting Software

More Businesses Looking to Cloud Accounting Software | Cloud Central | Scoop.it
A recent survey of 750 small businesses found that they are still wasting too much time on administrative tasks that can be handled with new technology.
Peter Azzopardi's insight:

For obvious reasons the as a Service side of Accounting should be one of the more lucrative sectors over the coming years.

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Advantages of Cloud Accounting for Small Businesses

Advantages of Cloud Accounting for Small Businesses | Cloud Central | Scoop.it

Busy business owners can travel far from the physical location of their business yet still be able to gain remote access to the latest updates on the books. With the ability to take care of accounting on the go, business owners are not grounded to one location and can spend more time traveling, gaining new clients and taking care of other important business matters outside of the office.

 

via Best Reviews

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Sage promises a deliberate approach to cloud computing

Sage promises a deliberate approach to cloud computing | Cloud Central | Scoop.it

Sage North America put cloud computingand a mobility strategy front and centre as it opened its Summit partner conference on Monday, but CEO Pascal Houillon (pictured) warned those that want Sage to move faster into the cloud that its approach will be deliberate.

 

“Some have accused Sage of moving too slowly on cloud computing,” acknowledged Houillon. “(But) let's not move to the too fast category.”

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Live Demo: QuickBooks 2012 Desktop In the Cloud!

Live Demo: QuickBooks 2012 Desktop In the Cloud! | Cloud Central | Scoop.it

See what QuickBooks Hosting is all about in this live demonstration that will show you how it works, what it looks like and all the benefits of Anytime, Anywhere access!

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Accounting Software-As-A-Service: Advantages And Disadvantages | CloudTweaks.com

Accounting Software-As-A-Service: Advantages And Disadvantages | CloudTweaks.com | Cloud Central | Scoop.it
Accounting Software As Software-As-A-Service In the mid-80s, accounting software became very popular with midmarket companies.

 

Personalized accounting became an indispensable tool for businesses as personal computers became cheaper. Users took advantage of computer technology because financial report preparation was easier with the help of accounting software. Automated accounting also began to attract users who had previously shied away from inflexible and restrictive time-sharing computer systems. Now, a majority of companies are still using accounting software installed on computers at the office. With technological improvements and the opening of branch offices in various parts of the country, users are becoming increasingly interested in shared remote computing.

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Accounting Clouds Are Changing Accounting Industry | Cloud9 Real Time

Accounting Clouds Are Changing Accounting Industry | Cloud9 Real Time | Cloud Central | Scoop.it
Cloud computing is rapidly changing the accounting industry by streamlining accounting processes and systems to cut costs and adopt services which add value in a more subscription-based plan.
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Billing and Invoicing Software - Invoicing Applications | GetApp.com

Billing and Invoicing Software - Invoicing Applications | GetApp.com | Cloud Central | Scoop.it
Find and compare from a range of Billing & Invoicing Software. Our free directory for web-based, SaaS and Cloud applications provides useful software reviews.
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Accounting in the Cloud | Cloud Business Review

Accounting in the Cloud | Cloud Business Review | Cloud Central | Scoop.it
Accounting in the cloud became the accepted norm among small and mid-level companies due to the many inherent benefits it offered to the users.
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Accountancy: The Numbers have moved to the Cloud | Cloud9 Real Time

Accountancy: The Numbers have moved to the Cloud | Cloud9 Real Time | Cloud Central | Scoop.it
The Cloud has changed the world of accounting. Numbers have moved to the Cloud. This concept is not new—it dates back to the early 1990’s. Many accounting firms have started to take advantage of the online technology within the last few years.
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