Why Most Business Owners are Taking up Cloud Accounting
                     Why Most Business 
Owners are Taking up 
Cloud Accounting
Over the last 18 months, you may have heard 
the word ‘cloud accounting’. So why is there 
such a buzz right now. Well, clouding accounting 
offers so many great tools and reports that it is 
helping make running a business that little bit 
easier and less stressful. 
Currently, most lots of business owners would 
use either an Excel spread sheet or an 
accounting systems set up on their computers 
such as MYOB to help track the financial 
performance of their business. If it is MYOB, 
there is generally a file that must be transferred 
to the accountant on a regular basis. 
Clouding Accounting offers many advantages: 
• Makes it easier to manage cash flow as you 
can access reports and information at your 
finger tips
• Save time on invoicing clients
• Save time reconciling your bank statement 
due to automatic bank feeds
• Reducing debtors
• Creates better relationship with suppliers as 
you can manage cash flow better and pay with 
your current terms
• Reduces bookkeeping fees especially if you are 
using mobile friendly applications to scan and 
collect receipts information and bills
• Reduces time to pay employees and 
superannuation contributions 
 For some business owners, clouding accounting 
may seem to be a daunting task. In fact, the 
process to convert from MYOB to a Cloud 
Accounting software is really easy straight 
forward. There initial time spent setting up the 
systems could save you thousands of dollars 
every year.
If you want to save money, gain more time in 
your day and reduce stress when it comes to 
bookkeeping, then consider cloud accounting. At 
Hall & Chadwick, we have made the process 
easier by forming a strategic alliance with a 
bookkeeping firm using the latest cloud 
accounting having an in-house bookkeeping 
department. Give Tim Hoop mann a call today 
and he can assist with helping you move into the 
cloud for your bookkeeping.