A cloud accounting system will make your life so much easier.
Manual System
It's cheap; you only have to buy a book. But that’s a false economy, and it simply takes the accountant too long to produce accounts so you end up with bigger accountancy fees. Manual systems also do not provide that all-important management information for making great business decisions.
Excel and other spreadsheet-based system
This is also cheap. But whilst you can automate some processes (e.g. adding up columns), they take time to set up, you need advanced Excel skills to produce management reports and you can waste hours editing spreadsheets as your business grows and evolves.
The old-fashioned desktop system
This is also cheap. But whilst you can automate some processes (e.g. adding up columns), they take time to set up, you need advanced Excel skills to produce management reports and you can waste hours editing spreadsheets as your business grows and evolves.
In contrast, a modern cloud accounting system gives you the following benefits:
So what does it all cost? Much, much less than the $60,000 you would pay for a full-time bookkeeper. If you do not currently have a cloud accounting system, there is a one off payment from as little as $499 plus GST to get your system set up.
Want to learn more about the benefits of using a cloud accounting system?
Ready to get started with Cloud Bookkeeping?
Get in touch and we can get you set up.