Why should your medical practice choose cloud accounting?

October 2019

As cloud accounting applications continue to evolve, become more dynamic, user friendly and affordable, the migration to these platforms for accounting software is continually growing.

Having the right accounting software solution in place will allow you to streamline your business and accounting processes with a program that will sustain growth, capitalise on efficient business practices and maximise your return on employee investment.

Cloud accounting is accessible online anytime, anywhere, from any device. This means you are no longer restricted to one computer; all you need is an internet connection. It also allows you to have multiple users simultaneously accessing the one file including your staff, accountant and bookkeeper.

Gone are the days of manually implementing software updates, waiting eagerly for them to download, (or in a lot of cases) snoozing your update reminder for a later date. Your cloud accounting software takes care of this for you, so you will always be using the most recent version. Also, many cloud accounting systems provide 24/7 unlimited support at little to no extra cost.

If you do not think your current program is quite up to speed, consider an online software solution.

Which cloud solution should I choose?

We recommend Xero:

  1. Available anywhere, any time: your data will be available wherever you are, on your smartphone, tablet, PC or Mac
  2. Improved cashflow: send online invoices, which means they can pay online – speeding up the process which also means you get paid faster
  3. Automation: Xero has automated processes such as invoice reminders which can do the chasing for you
  4. Xero grows with you: there are also hundreds of apps available in the Xero apps marketplace to integrate with Xero giving you the ability to create a mix of software that meets your specific needs.

If you’d like to learn more about switching to Xero, please don’t hesitate to get in touch with our Xero Hero.

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Topics: Accounting, Employees, medical accounting, doctor, Superannuation, medicalpractice

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