Looking into moving to the cloud is one of those things that is on many of our to-do lists, but doing so for many can seem like it requires a huge leap of faith.
When making the transition to cloud accounting software, there are a number of adjustments that need to be made to existing firm policies and procedures. While it can seem like a huge undertaking, making this investment and reshaping the architecture of your firm will benefit your business far into the future.
Having a willingness to adapt and learn will put you in a position where the transition is made as easy as possible.
You’re not alone in this process. At this year’s Xerocon South in Brisbane, accountants and bookkeepers can take advantage of sessions outlining tips and tricks to boost productivity not only in your firm but your clients’ businesses.
Amanda Aguillard is well-equipped to give advice on the benefits of running an accounting practice on cloud accounting software. She launched her firm, Aguillard Accounting, on Xero nearly five years ago.
She told AccountingWEB why she chose to leverage cloud accounting software from day one.
“I knew that the most important thing was flexibility, geography and time. I needed to be able to work from home at times, say if my kids were sick or if I’m on the road,” Aguillard said.
“I needed to be able to do billable work and not just check email. When I started (the cloud) was more about data storage and security, very reactive. I needed to function there and not just store things.”
Firms that go all-in on the cloud maximise collaboration, both within their teams and with clients. The same goes for growth. The real-time visibility of work-related assets, whether that be a shared document on Google’s Apps for Work or cash flow data on Xero’s single ledger ensure you are making business decisions based on the most current information available.
No more backing up files or lugging around physical copies when making client visits. In fact, the need for client visits significantly decreases. Making in-person visits to use clients’ locally-installed accounting software is a thing of the past.
There are so many apps out there to help business owners run their business from their phones. Just take a look at the Xero Marketplace: there are more than 500 app partners available at your fingertips that offer a seamless integration with Xero, automating thankless tasks like data entry and more.
Accounting firms that use cloud-based systems are all-in-all more agile. The instant nature of these systems speed up the once-slow workflow speed. By encouraging collaboration, firms can innovate and equip employees to propel the business forward.