How Cloud Can Improve Your CPA Practice
- 1. How Cloud Can Improve Your CPA Practice
- 2. Without the cloud, the CPAs are unable to access accounting software and data remotely. Also, accounting firms struggle to upgrade and downgrade resources in their local systems. World "Without" Cloud To CPAs
- 3. World "With" Cloud To CPAs With the cloud, accountants can access the essential documents anytime, anywhere, and on any device. Cloud also offers a scalable working environment. It means that accounting firms can upgrade or downgrade the server resources and storage space instantly.
- 4. 89% of the survey respondents in Dimensional Research Report said that by adopting cloud they had encountered an increase in efficiency due to automation of mundane tasks, including manual reports.
- 5. Let us see how using the cloud can benefit and improve the CPA Practice.
- 6. Cloud integrates automation into the acounting process by bringing together all the accounting functions on one platform. Moreover, because of automation, the constant access to error-free reports allows accountants to analyze data, ensuring increased revenue generation. . Hence, accountants can focus on other essential functions and increase their productivity. Cloud Technology Accelerates CPAs' Productivity
- 7. With cloud, the CPAs can review the client's tax requirements or other issues while traveling. Even an auditor who is working from the client's location can access the same files. There is no delay in the replies, and therefore CPAs can manage everything, even if they are away from the office. Cloud Improves CPA Practice By Increased Accessibility
- 8. When the data is stored in the local devices, it can be lost due to device theft or malfunction. However, with cloud, the data is stored centrally in a secure location and any damage to the device does not hamper the CPA's accounting process. CPAs Get High- level Data Security
- 9. CPAs Can Make Their Client's Lives Easier Cloud enhances collaboration as CPAs and clients can access the same document simultaneously from different remote locations. Moreover, CPAs can also set permission-based sharing, where accountants can control a file's access as per the roles of users in the firm.
- 10. Cloud Enables Scalable File Storage Cloud file storage offers an organized, secure, and scalable data repository that is easily accessible from remote locations. The CPAs can expand the storage space according to the needs and demands at a much lower cost compared to traditional IT setup.
- 11. By opting for cloud hosting, the CPAs are free of the hardware implementation, deployment, and scalability tasks. Even, the maintenance can be planned, scheduled, monitored with less worry as cloud provider takes care of all the upgrades and maintenance. This helps CPAs focussing on their core practices more. Automatic Updates and Maintenance of Server and Software
- 12. Ace Cloud Hosting is a managed cloud hosting provider and specializes in offering the , tax, retail, and construction industries. We deploy superfast SSD-based servers with 99.999% uptime, 100 days data backup, business continuity, and always-on support. To know more, please visit: Or call us at: 1-855-219-0431 ABOUT US www.acecloudhosting.com cloud solutions for accounting industry
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- 14. REFERENCES HOW IS CLOUD ACCOUNTING REVOLUTIONIZING THE CPA PRACTICE? Ace Cloud Hosting WHY CPA FIRMS SHOULD OUTSOURCE CLOUD ACCOUNTING HOSTING AND SERVICES IN 2020 CPA Practice Advisor CPAS ADVANCE THEIR CAREERS THROUGH THE CLOUD Accounting Today