Cloud accounting isn’t simply backing up data in to the cloud. It’s so much more. The cloud technology links applications. It links you and your business in to the internet.
Cloud accounting provides real-time data. Real-time data allows informed, timely and smart decisions to be made. Accounting information is no longer historic and backward looking. Cloud accounting allows your advisors to see your data in real-time and give you up-to-date valuable advice about the best direction to steer your company. Cloud accounting is available any time in any location. the technology automates tasks, such as reconciling with your online bank account.
The benefits of cloud accounting include
- Automated data entry (no bookkeeper required!) with software such as Receipt Bank
- Raise and send invoices directly to clients through the cloud
- Bank accounts automatically linked to the accounting software, enabling automatic reconciliations
- Access the cloud accounting software anywhere
- Collaborate online in realtime with your accountant
- Paperless office
Lotus Amity Virtual CFO services are great believers in cloud technology. There is no going back!
Simon specialises in providing Virtual CFO services. Prior to founding Lotus Amity, he was a Corporate Finance partner with BDO Australia. He has also held senior management positions with Deloitte and Crowe Horwath. He has nearly 20 years of international experience helping start-ups and established companies with growth and performance. Prior to specialising in finance, Simon worked in international Sales & Marketing.
Simon is a Fellow of the Institute of Chartered Accountants of England and Wales and a member of the Institute of Chartered Accountants of Australia & New Zealand. He holds a degree in Business Economics and Management Studies, a Masters Degree in Hospitality Management and a Graduate Diploma in Applied (corporate) Finance. He is a graduate of the Australian Institute of Company Directors.
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