6 Reasons You Should Use Cloud Accounting Software When Freelancing
Freelancers are forced to wear many hats in their day-to-day operations. Although some freelancers do hire and outsource the tasks that they are not too familiar with, many opt for handling these aspects of their business on their own. For this reason, we recommend that all freelancers look toward some type of cloud accounting software to help them deal with their day-to-day bookkeeping and ensure that they are up to date come tax season. There are many reasons why this might be the right idea for many one-man-team freelancers, or even freelancers that already are outsourcing some of their daily tasks.
Your Data Is Safe
Did you know that 47% of all data loss was due to user error? Cloud accounting will provide any freelancer with peace of mind. Using desktop-based software requires that you are constantly backing up your data, as a loss of critical accounting data could be devastating for a small business. Cloud accounting ensure that your data is always backed up and remains safe. Your financial data is the lifeblood of your freelance business and you need to ensure that you are able to keep your data safe to the best of your ability.
No Bloated Applications
Accounting software is often large, bloated, and quite slow. Using cloud accounting software helps to ensure that you are able to use the software without issue, and without all of the bloat that a desktop based solution would provide. Not having to deal with the slow, cumbersome desktop accounting software is worth it alone.
Easy Access for Accountants and Bookkeepers
Accountants and bookkeepers love it when all of the information is compiled in a single place, that they can access easily. Online cloud accounting software makes it easy for your accountants and bookkeepers to access the information that you provide them. In fact, many accountants will ask their clients to make the switch if they plan on sticking with them long-term, as online cloud based solutions help them access the data from anywhere, whenever they are working on your project.
Cloud based accounting solutions like CloudBooks App come complete with a complete invoicing solution that makes getting paid easier than ever before. Too often businesses will go through the trouble of creating their own invoices by hand, and tracking all of their invoices in a Microsoft Excel spreadsheet, although that is not really required. Cloud accounting tools will help you create, send and monitor invoices in a way that traditional solutions just do not provide.
Have you ever wished that you could monitor your accounting software from your home, or while on the go? Cloud accounting software allows you to ensure that you are able to properly monitor your accounting data from anywhere, and access it as need be. Additionally, you can provide your information to your accountants and financial advisers, who can log in directly to your subscription and use your data. This is excellent for companies that are constantly on the move.
Trying to track all of your financial information by hand is a huge hassle for those that are freelancing. One of the benefits of cloud accounting software is that it takes all of the guesswork out and allows you to have complete confidence in the accuracy of the results that you are posting. Better accuracy ensures that you appropriately pay taxes and are able to manage and track your business finances.
If you would like to ensure that your freelance business is appropriately keeping track of your finances and easily invoice your users, contact us for a quick consultation about our CloudBooks app, an excellent cloud accounting system for freelancers and small businesses.