Friday, August 19, 2016

The best cloud accounting solution for small businesses!

Nowadays, having a reliable IT system in place is imperative for an efficient business workflow. As cloud experts, we've found early on that cloud computing is an integral part of having your IT system work for you, and not the other way around. Cloud email, cloud collaboration, cloud storage, and even cloud accounting are what make up a powerful, productive, and efficient IT system.

Although our founder has a deep passion for wielding cloud technology, by trade he is a Chartered Professional Accountant and a Certified Management Accountant. Both technology and accounting overlap in our world and we're often asked this question; what is the best cloud accounting solution for small and medium sized businesses?

The quickest answer; Xero.

As cloud strategists, we find accessibility is key when it comes to data and management. Xero, along with other cloud solutions, is built around the idea of accessibility. Cloud technologies enable everything to work faster and more efficiently. Even large banks and financial institutions are starting to use cloud storage for their data storage needs over their traditional data centers. With cloud accounting software like Xero, small businesses can do everything, including easy invoicing, inventory, multi-currency reconciling, source document attachment, purchase orders, cash-flow management, and much more. The ability to have these features fully accessible, from virtually anywhere, is a huge plus for small and medium sized businesses. Learn more about Xero features here:

Xero has been at the forefront of cloud accounting for a very long time. It's one of the easiest online accounting systems and offers great convenience for its users without compromising on key features that are normally found in legacy accounting software. It has become one of the fastest growing cloud accounting companies in the world, with a subscriber base of over 700,000, contributing a total life-time value of $1.5 billion. Their success is due to their loyal small business customers across 180 countries. Xero intelligently takes advantage of cloud technology which allows them to innovate faster than ever before and pushes them into new geographies.

There's no doubt that Xero is well on it's way to hitting the billion dollar annual revenue mark with it's rapid growth, making it a top choice for those looking for the perfect cloud accounting solution. Interlock IT is a Certified Xero Partner and a Certified Xero Development Partner. We'll make your transition to Xero painless and can even assist you with custom Xero reports and integrations. Give us a call and let us know what you're looking to do with Xero. We're more than happy to assist! We'll even provide a free Xero trial account; just fill out our contact us form and mention this post in the comments.

If you've adopted Google Apps for Work, we've created Blink Reports for Xero. Blink Reports is the only Google Sheets add-on that allows Xero customers to build financial reports, charts, and virtual dashboards connected to your live Xero data. Contact us today to discuss with us your cloud accounting needs!