If you are like most small business owners, chances are that you have already heard about accounting software and how beneficial it can be for all types of businesses. It surprised me to discover that a recent study “Success Through Accounting Study” which surveyed 5000 U.S small-to mid-sized business decision makers revealed that 18 percent of SME’s do not use accounting software, while only one in five (21 percent) have integrated their accounting software with an invoicing and payments product. These numbers are staggering.
Australian data shows similar results with a recent article published by QuickBooks identifying that only about 10% of Australian SME’s use cloud accounting products. The rest of the business community still uses either a shoebox, a spreadsheet or a hard-drive-based accounting system. You may be one of these small business owners.
Research shows that cloud accounting software has not been adopted because many small business owners have become comfortable with the programs and systems they have been using for years. They don’t realise how easy it is to move to a cloud based accounting system nor do they fully understand the number of additional benefits to be gained, resulting in saving money and being better informed.
Benefits to cloud based accounting include:
Moving to the cloud is easier than ever and we can help. Call us on (03) 9016 0097 for a free consultation.