If you are not used to multi-tasking and mastering multiple arts then you will never be able to survive as a business owner.
If you are planning to commence a business in any industry then you will surely begin your journey with a small scale firm that you will expect to grow in the upcoming years. But during the initial stage of your business life cycle, you will have to take care of many things on your own. This is why it is said that a business owner must be fully informed and aware about all the departments in his business. You should know that if you can’t give an excuse that since you were good at sales only, your marketing and HR department failed. Although most of the business owners are fully aware of this fact of multi-tasking, still they overlook one of the most important aspects of running a business and that is accounting.
Whenever a person starts a small or medium-sized business then the first things that he or she focuses on is money. The business owner of a small business always looks for multiple ways to maximize profit and minimize expenses. But you should know that the success of a business is built on different pillars and accounting is surely one of them. If you think that by giving less time and effort in your accounting department, you will be able to get expected results from your efforts then you are completely wrong. You will surely have to streamline your accounting department in order to streamline your business.
Well, hiring the best accountants from the industry is surely a good option but along with that, you will also have to focus on using the best accounting solution. If you will ask the accountant experts and other small and medium sizes businesses, then you will surely be suggested for using Sage 50 accounting software. You should know that the advanced Sage 50 accounting software is an accounting marvel that you must use in your small or medium-sized business. But instead of installing the software on your desktop, you should rather host in on the cloud platform. If you are wondering why hosting is necessary for your Sage 50 accounting software then keep on reading this blog to stay illuminated.
For safety of your data
One of the main reasons why you should host this advanced solution on the cloud rather than installing it on your desktop is the safety of your data. Although each and every piece of data that you deal with is important for your business but your financial data is the most important one. From the statement of your money to complete details of your bank account, the financial data contains all the sensitive information about your business that you will never wish to leak.
So, if you are really concerned about the safety of your financial data then you should start using a cloud hosting solution for your accounting solution as it is the safest place to access, edit, save and share your financial data. You should know that from encryption to multiple factor authentication, there are many security measures that will keep your financial data safe on the cloud.
In order to have access from anywhere
If you are still thinking that your limited office hours are enough to offer you the required competitive advantage in your industry then you are completely wrong. When you will be confined to your 9 to 5 working hours, your competitors will step ahead of you with round the clock accessibility to their business solution. When you will use the desktop installed Sage 50 solution then you will be confined to your office desktop only and each time you will need access to your books, you will have to return to your office since being present in the office on a round the clock basis is not possible.
But you can get rid of this limitation by choosing the cloud hosting solution. With the power of cloud hosting, you will be able to access your solution from anywhere and at anytime. When you shift to the cloud then all your financial data along with the accounting solution is shifted on the cloud platform and this is how you get round the clock accessibility.
For making changes according to your business growth
Small businesses are on the initial stage of their life cycle and this is why they have maximum chances of growth. If you are running a small business and managing it successfully then you will witness sudden growth in your firm. Well, in addition to being excited about the growth, you will also need to fine-tune your business solution in order to match the increasing demand of your business and accounting solution is no exception to such trends. But desktop installed solution will never offer you the required scalability and this is why you will need to shift to the cloud.
On the cloud, you can easily scale up your cloud package according to the increasing growth of your business and this is why it becomes necessary for you to shift to the cloud rather than using the desktop installed solution for your financial department.
For having an always-available solution
If you will be completely dependent upon your desktop installed Sage 50 solution then you will surely have to deal with downtime. Well, the problem is not in the accounting solution but the way you use it. Any traditional solution will be prone to downtime and this is why you will always need to use an updated form of technological solutions like cloud hosting. On the cloud platform, the cloud vendors will offer you 99.99% of high uptime and that’s why so many small businesses prefer the cloud over the traditional solution.
So, as you can see there are many advantages of using the cloud-hosted Sage 50 solution and if you are still using a desktop installed solution then it’s high time for you to shift to the cloud.