You must be coming across the term – Cloud Accounting very often these days and wondering what it is anyway. In simple words, it’s a new way of accessing your Accounting Software for small business from the web browser without actually installing it. Its also referred to as online accounting. We already use such ‘online software’ delivered as services like internet banking, email, file sharing sites, etc

Before going into more detail, lets first understand what is cloud computing.

According to this article on Wikipedia, Cloud computing is a term used to refer to a model of network computing where a program or application runs on a connected server or servers rather than on a local computing device such as a PC. This hosted application can be accessed by any internet-enabled devices such as PC, tablet or smartphone.

For example, cloud Accounting Software for small business – our software is hosted on centralized servers. Users can just open their web browsers and start using the application without installing anything on their PCs.

Cloud accounting is the most exciting thing that had happened to the accounting industry in recent years. This has enabled the bookkeepers and business owners to work on the same system simultaneously regardless of their location. Bookkeepers and chartered accountants no longer need to go through the pain of importing client’s data files into their systems.

How Cloud Accounting Can Help Small Businesses

Business owners can access their data anytime from anywhere. Business owners are always on the move and are increasingly using tablets and smartphones to access the latest financial data. With cloud accounting, they can see the business account balances, outstanding invoices, overall cash position and much more from anywhere 24/7 as long as they can access an internet connection.

The cost of ownership is lower as compared to traditional Accounting Software for small business. There is nothing to install and maintain. Software updates automatically without user intervention. This results in an overall reduction in cost. This enables small business owners to focus on core business activities.

Gone are the days when you needed to manually add your data to spreadsheets to manage your accounting. You can use a cloud-based accounting software to access your financial information from any part of the world. Additionally, in most software solutions, you can even collaborate with team members.

Cloud Accounting is secure. Normally, proper security measures are not implemented by small businesses to protect their financial data. Cloud Accounting software like our software maintains high-security standards. Backups are taken at regular intervals, servers are scanned for vulnerabilities and data is transferred over the encrypted connection.

Online Accounting Software for small business is integrated with other services. For example, our software can be integrated with a popular file-sharing application Dropbox to store and share files. There are endless possibilities to extend functionality by connecting with other online software. It brings the entire team together. Cloud accounting enables business owners and accountants to work on the same file simultaneously eliminating the need for data transfer and physical meetings. Time is money, isn’t it?

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Cloud accounting solutions provide an equally secure (and sometimes even more secure) method of storing financial information than traditional accounting software. For instance, a company computer or laptop with critical financial information could be lost or stolen, which could lead to an information breach. Cloud accounting software, however, leaves no trace of financial data on company computers, and access to that data in the cloud is encrypted and password protected.

Sharing data is also less worrisome. With cloud accounting, two people simply need access rights to the same system with their unique passwords. Traditional methods often require flash drives to transport data, which could be lost or stolen.

Lastly, cloud providers usually have backup servers in two or more locations. Should one server network go down, you still have access to your data. Information kept just on-premises could be destroyed or damaged in a fire or natural disaster, and may never be recovered.

Hosted applications – The hosted solutions involve your desktop or client/server accounting application running on a remote server. You gain access to your accounting software using a remote session via the Internet. This solution allows you to use your existing software and data.

Software as a Service (SaaS) – In this format, the accounting software and your data are stored on the vendor’s servers and are accessible via a web browser. If you have ever used a social media site or online banking, you have used a SaaS solution.

What are the benefits?

There are numerous benefits to cloud accounting and progressive business owners are enjoying them. Here are a few of the benefits:Anytime, anywhere access – Your accounting software and operating results are available to you from a browser or mobile device. This is something that you can’t do with today’s desktop accounting solutions.Better security – Most cloud accounting software is run from a data center, which offers multiple levels of security to protect the software and your data. The typical data center has significantly better security than most small businesses.

No installations or updates required – Cloud accounting vendors maintain the software and install the updates.

Automatic backups – The cloud vendor assumes responsibility for system backups. Your data is often stored in multiple data centers that are in geographically diverse locations. No startup costs or long-term commitments – Cloud accounting applications are rented not purchased. They do not require a small business to invest in servers or software.

What are the risks?

The world of cloud accounting is not without risk. These solutions are new and require that you perform the necessary due diligence to determine if the solution is right for your business. Here are a few of the risks:

The vendor goes away – Over a decade ago, we experienced a tech bubble where vendors were here one day and gone the next. The same risk exists with cloud accounting vendors. It is important to have a contingency plan. You don’t have Internet access – Cloud accounting vendors are accessible from anywhere and anytime assuming that you have a connection to the Internet. If you find yourself without internet access, you will not have access to your accounting data.

Security breach – Cloud accounting software for small business and your data both live on the Internet. There is a risk that someone could gain access to your data.

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When you start a business, accounting software in Pakistan is one of the first business applications you need to buy. Choosing the right one is important, because you’ll use it every day to track the money coming in and going out of your business. With it, you’ll create invoices, record incoming and outgoing payments, identify and follow up on past due receivables, and run reports that help you analyze your financial health and various aspects of your business.

With hundreds of accounting software programs on the market, it’s difficult to decide which one to choose. In our search for the top accounting software solutions, we looked for affordable, easy-to-use accounting programs designed for small businesses. We wanted them to be cloud-based and have a mobile app so you can access your data at any time, from any place.

We looked for accounting systems that have timesaving features, such as automated bank feeds, automatic payment reminders, and online invoicing and payment acceptance. We also looked for software with comprehensive, customizable, real-time financial reporting, as it is crucial to monitoring and understanding your business finances.

Here are our best picks and details about our selection process. Learn more about what you should look for in accounting software by reading our accounting software buyer’s guide.

The aligned accounting cycles are pretty mandatory for every business. And the accountants alone cannot do it. They need a professional enterprise solution that can assist them in their tasks. Like an accounting software in Pakistan that has every information about the trade cycles, the financial accounting principles and the methods to accumulate the books.

Well, this all is available in the Accounting Management System from the Expert Web Design Company. It is predefined accounting solution which intakes the expertise of the accounting and software development experts. And it responds to every type of situation, whether comprising the basic principles for the double entry system or hovering around the complex adjustments in the balance sheet and the trading account.

Really small businesses need really simple accounting software. We offers all the basic features that microbusinesses need as well as advanced tools like project billing and time tracking. It also has integrations, so you can continue using the software as your business grows. We selected it as the best accounting application for really small businesses for its simplicity and value, because compared to other accounting software in its class, we has the best price for all of its capabilities.

When it comes to using simple Best accounting software, you don’t want an outdated user interface or features that are so basic you can’t glean important business insights from the data. That’s what makes our software an elite service. While the platform is easy to use, it doesn’t lack features, and the interface is modern and sleek. Our software caters specifically to really small businesses like freelancers and new entrepreneurs, and it shows. The company has created an affordable product that adequately meets the needs of the smallest businesses. Even home-based businesses can gain a lot by using our software.

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Enterprise resource planning (ERP) is business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back-office functions related to technology, services, and human resources. Best ERP Solutions software typically integrates all facets of an operation — including product planning, development, manufacturing, sales, and marketing — in a single database, application and user interface.

ERP is an Enterprise Application

ERP software is considered to be a type of enterprise application, that is software designed to be used by larger businesses and often requires dedicated teams to customize and analyze the data and to handle upgrades and deployment. In contrast, Small business ERP applications are lightweight business management software solutions, often customized for a specific business industry or vertical.

Today most organizations implement ERP systems to replace legacy software or to incorporate ERP applications because no system currently exists. In fact, a 2016 study by Panorama Consulting Solutions, LLC., indicates that organizations implement ERP for the following reasons:

To replace out-of-date ERP software (49%)

To replace homegrown systems (16%)

To replace accounting software (15%)

To replace other non-ERP systems / had no system (20%)

ERP Software Modules Explained

ERP software typically consists of multiple enterprise software modules that are individually purchased, based on what best meets the specific needs and technical capabilities of the organization. Each ERP module is focused on one area of business processes, such as product development or marketing.

Recommended Reading: The Difference Between CRM and ERP

Some of the most common Best ERP Solutions modules include those for product planning, material purchasing, inventory control, distribution, accounting, marketing, finance, and HR. A business will typically use a combination of different modules to manage back-office activities and tasks including the following:

Distribution process management

Supply chain management

Services knowledge base

Configure prices

Improve the accuracy of financial data

Facilitate better project planning

Automate the employee life-cycle

Standardize critical business procedures

Reduce redundant tasks

Assess business needs

Accounting and financial applications

Lower purchasing costs

Manage human resources and payroll

As the ERP methodology has become more popular, software applications have emerged to help business managers implement ERP into other business activities and may incorporate modules for CRM and business intelligence, presenting it as a single unified package.

The basic goal of using an enterprise resource planning system is to provide one central repository for all information that is shared by all the various ERP facets to improve the flow of data across the organization.

Enterprise ERP Trends

The ERP field can be slow to change, but the last couple of years have unleashed new technology trends which are fundamentally shifting the entire area. The following new and continuing computing trends have an impact on the growth of enterprise ERP software:

Mobile ERP 

Executives and employees want real-time access to information, regardless of where they are. It is expected that businesses will embrace mobile ERP for the reports, dashboards and to conduct key business processes.

Cloud ERP

The cloud has been advancing steadily into the enterprise for some time, but many ERP users have been reluctant to place data in the cloud. Those reservations have gradually been evaporating, however, as the advantages of the cloud become apparent. The payroll management system can be very strong after getting Erp software.

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eccountant co a Custom ERP Application designed with strong and flexible architecture for small and medium business in Pakistan and GCC region, primarily focused on strong financial reporting, purchasing, sales and receivables, POS, human capital management and various areas of business operations with the power to support your growth ambitions. Cloud ERP small business is a type of enterprise resource planning (ERP) software that is hosted on a cloud computing platform. Our customers experienced the visible changes in reducing costs, sales growth, streamlining processes, supply chain management and improving operational efficiencies by using eccountant co automation & KPI monitoring capabilities.

With proven implementation tools and an intuitive user experience, the eccountant co, an agile ERP system can be up-and-running quickly-in the cloud (eccountant co AWS Cloud) or on your servers within your data-centers (On-premise).

KEY FEATURES 

Increases overall performance

Automation enhances cross departments productivity

Integration across all business processes

Quality reports and performance analysis

Flexible deployment options – cloud and client-server

ARABIC and VAT features for GCC Customers

Flexible Pricing Models, per-user and monthly cloud subscriptions

Overview

Solution Summary

eccountant co software – a truly global solution with the affordable cost we always being up-to-date with local rules and regulations with regional languages support including ARABIC, URDU, and ENGLISH. Release 6.0 is fully complaint UAE, Saudi Arabia and other GCC VAT (Value Added Tax) regulations that are applied to all business transactions.

Release 6.0 of eccountant co solution is ideal for small and medium-size customers looking for a single ERP Solution to manage their Finance, Sales, Supply chain and Human Capital along with Real-time reports and dashboards to get complete visibility and control over day-to-day operations.   Our existing customers can easily upgrade their older (on-premise) version of eccountant co to Cloud option – eccountant co AWS cloud servers.

KEY MODULES

Financials Management

Sales and Receivables

Point of Sales (POS)

Supply Chain Management

Manufacturing

HR and Payroll

Reports & Dashboards – over 100+ reports in the system including

Real-time Executive Dashboards

Document Reports

Accounting reports

Analytical reports

KPI’s

SUPPORT METHODOLOGY 

We have established the Delivery Center to assist our clients and our project teams to gain onsite and offsite implementation, de velopment and support services. Cloud Erp small business is a new technology in market. We have a wide range of subject matter and techno-functional resources to provide a very high value for money for the customers in the area of Networks, Security, Oracle, Microsoft and open source development/administration/implementation/support. As we are working with International companies through this Shared Services Center, so we have also developed multiple levels of connectivity, power, physical and information security systems to ensure secure and repeatable service.

Telephone

• 

To a dedicated support representative

Email

To a dedicated support representative.

Our Support Portal

Logging a technical assistance request to our dedicated support website. Our support staff tracks the website and then work on it to resolve the problem.

Why eccountant co

Are you in process of re-evaluating your existing ERP application or looking to replace your existing spreadsheets, it’s important to focus on an ERP application that has a strong process of foundation that can support your unique requirements with minimal customization, within budget and on-time implementation supported by multi-language options.

TRANSFORM YOUR BUSINESS WITH CLOUD ERP

The most compelling reason to move to cloud ERP is business transformation. For example, some cloud ERP users have reported that they can easily scale their businesses, and experiment with innovative business models, due to the flexible capabilities of their software.

Is Cloud ERP Right for You? the research found that organizations with cloud ERP stayed within their budget as compared to 12% over budget for those with an on-premise solution.

Also, organizations with cloud best erp solutions achieved ROI within 24 months as compared to 31 months for on-premise users.

However, cost savings are just one of the reasons organizations may consider a cloud ERP solution.

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Be yourself; Everyone else is already taken.

— Oscar Wilde.

This is the first post on my new blog. I’m just getting this new blog going, so stay tuned for more. Subscribe below to get notified when I post new updates.

This is an example post, originally published as part of Blogging University. Enroll in one of our ten programs, and start your blog right.

You’re going to publish a post today. Don’t worry about how your blog looks. Don’t worry if you haven’t given it a name yet, or you’re feeling overwhelmed. Just click the “New Post” button, and tell us why you’re here.

Why do this?

• Because it gives new readers context. What are you about? Why should they read your blog?
• Because it will help you focus you own ideas about your blog and what you’d like to do with it.

The post can be short or long, a personal intro to your life or a bloggy mission statement, a manifesto for the future or a simple outline of your the types of things you hope to publish.

To help you get started, here are a few questions:

• Why are you blogging publicly, rather than keeping a personal journal?
• What topics do you think you’ll write about?
• Who would you love to connect with via your blog?
• If you blog successfully throughout the next year, what would you hope to have accomplished?

You’re not locked into any of this; one of the wonderful things about blogs is how they constantly evolve as we learn, grow, and interact with one another — but it’s good to know where and why you started, and articulating your goals may just give you a few other post ideas.

Can’t think how to get started? Just write the first thing that pops into your head. Anne Lamott, author of a book on writing we love, says that you need to give yourself permission to write a “crappy first draft”. Anne makes a great point — just start writing, and worry about editing it later.

When you’re ready to publish, give your post three to five tags that describe your blog’s focus — writing, photography, fiction, parenting, food, cars, movies, sports, whatever. These tags will help others who care about your topics find you in the Reader. Make sure one of the tags is “zerotohero,” so other new bloggers can find you, too.