Juggling business responsibilities? Looking for less hassle, better data, and real-time visibility? Cloud accounting helps lighten the load by making your finances faster, easier and more accessible.
If you’re still relying on desktop software (or spreadsheets), now might be the time to explore a more efficient way to manage your numbers.
So, what are the benefits of cloud accounting?
Real-time visibility, wherever you are
Cloud accounting gives you access to your books anytime, anywhere – all you need is an internet connection. Whether you're checking in from your desk or on the go, you can see up to date figures without waiting for reports to be emailed around.
Say goodbye to manual updates
Forget the cycle of downloading software patches or skipping reminders. Cloud platforms like Xero, MYOB and QuickBooks update automatically, so you’re always working on the latest version with all the newest features and compliance changes built in.
Bank feeds that save hours
One of the biggest time savers? Bank feeds. Your income and expenses flow directly from your business accounts into your accounting software. That means no more hours of manual entry and a lot fewer errors.
Collaboration made simple
You can easily give access to your team, bookkeeper, or accountant – all working in the same file. This means faster queries, fewer email chains, and better transparency when it comes to your financials.
Support when you need it
Most cloud platforms offer 24/7 support and a wide library of help articles, videos, and walkthroughs to guide you through common tasks.
Why we often recommend Xero
Xero is a popular option for Australian SMEs and for good reason. Here’s why many of our business clients choose it:
- App integrations: Xero connects with tools that help you manage payroll, pay bills faster, and get paid sooner.
- Paperless storage: Snap and upload invoices or receipts directly into your software. No filing cabinet required.
- Automated data entry: Tools like Hubdoc (often included with your Xero subscription) pull details from your bills and receipts, saving time and reducing keying errors.
- Seamless super payments: Xero’s built-in Super Batch Payment feature helps businesses stay compliant and efficient.
- Payroll compliance: Xero is Single Touch Payroll (STP) compliant and regularly updates to meet the latest ATO requirements.
Is it time to make the switch?
If your current accounting system is slow, clunky or just not keeping up, a move to cloud accounting could free up time, reduce admin, and give you clearer insights to run your business better.
Need a hand assessing your options or setting up the right platform? Our Business Systems team can help.
Let’s find a smarter way to manage your numbers so you can get back to running your business.
Jace Pedonese is a Partner in our Accounting & Tax Division, helping clients navigate complex tax and business advisory matters with clarity and confidence. Supportive, trusted, and reliable, he works closely with clients to set financial goals, optimise strategies, and maximise business potential, ensuring informed and timely decision-making.
