The move to the cloud is often not a question of if it will occur but more likely when it will occur, for most small businesses. So what is the reason for so many businesses embracing online cloud software?
Cloud computing is quickly becoming the norm for small businesses as storing information and using software hosted on the Internet allows for simple and accurate management of business finances.
If you think accounting software is only for tracking expenses and generating financial reports, then you’re losing an opportunity to improve your bottom line. By taking advantage of the insights provided by your software, you’ll benefit from a more informed approach to both marketing and customer service. Accounting software can also help in the long term by improving productivity thereby taking meaningful action to increase profits. Here’s how.
Most accounting softwares are fairly simple to use, so small business owners often learn the basics to it fairly quickly. Accounting software allows owners to automate processes like invoicing and payroll, track expenses and view real time financial reports to manage cash flow, therefore making better business decisions.
Working from home as a contractor sounds like the ultimate dream for anyone who is sick and tired of the rat race, but be cautious as contractors still have more than their fair share of challenges. In fact, perhaps the most important challenge they face is their ability to be fully responsible and accountable to themselves, at the same time being wholly responsible for their own financial management.
Since the weekend all ATO systems have been offline as the ATO suffers a "World First" system failure for a government tax authority. Apparently the hardware supplied and supported by Hewlett Packard has crashed as well as their backup systems.