Why using an accounting platform for your business is crucial

Published by Peet Pieterse

March 7, 2019

Cloud accounting platforms for your business. Thinking about Xero or SageOne?

Use the tech to your advantage.

When people think of an accounting system the daunting, throat tightening, stress-inducing thought of admin, cripple any business owner. Most major accounting systems have moved to cloud-based accounting platform and are making the lives of business owners out there much easier.  Saving time and reducing costs. Music to any business owners’ ears.

Tip: Get an outsourced accountant to run the program.

All cloud-based accounting software, like Xero and SageOne allows you to be in control. When an effective accounting system is coupled with a proficient accountant you can be assured that your records will be up to date. Important business decisions can be made in real time instead of discussing your financials with your accountant once a year when the information is already a year old.

Save costs!

Although most cloud-based accounting systems are similarly priced compared to traditional accounting systems, the cost saving is not actually in the cost of the software. But rather in negotiating your fee with your accountant. At the end of the day, accountants sell you time. If you are on a cloud-based system, less time will be spent on keeping your records up to date, resulting in lowered accounting fees.

For more information on cloud-based accounting software and how we can assist you, please feel free to contact us.

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