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Why is Cloud Accounting Beneficial for Your Small Business?

cloud accounting melbourne

Small businesses are continually growing and helping the economy in several ways – especially when we talk of Melbourne, Australia – the city is home to about 604,379 small businesses. If you are an owner of one, you may have realized how crucial accounting is for your business. Imagine if someone you can fully trust takes care of all of it without putting your business’s critical information at risk. Sounds great, right?

Your small business needs a cloud computing solution, and here is why.

Reduced business costs

As a small business, the cost is always a concern, irrespective of your size. Small business accountant Melbourne-based jobs often cost a lot, whereas cloud accounting can significantly reduce those expenses. You do not only save on IT and equipment, but some cloud accounting services also provide tools and applications which may be otherwise unaffordable. Therefore, it is undoubtedly a worthwhile investment to make for any small business owner.

Constant access to real-time information

Cloud accounting provides access to real-time information anywhere and anytime you want it. This immensely helps in making better decisions for your small business. You are on top of all the transactions and the current position of your balance – you can use these instant business insights to grow your small business, which is always an aim for any small business owner.

Freed up IT Resources

When starting small, you want to make the most out of your resources because budgets are tight, and resources are limited. Shifting your entire accounting system to a managed service provider can help you free up the burden on your IT department and technology resources. This will allow them to focus on more critical issues that arise on an everyday basis.

Final Thoughts

Hiring a small business accountant Melbourne-based can help take your venture to the next level. Just like internet banking, cloud accounting is quickly becoming ubiquitous, and more and more people are investing in this smart solution. Saving resources, reducing cost, and ensuring efficiency are all viable reasons why you should consider switching to it too.

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Nishant Kosambi
Nishant Kosambi
2 February 2023
Excellent work by Dayan, Chamie, Lihini and the entire team. They have always been very professional and helpful. They have taken care of my business and personal tax obligations for many years. They have also sought financial solutions for me. I am very happy with how thorough Dayan is with his work. Clear communication and regular follow-ups all the way. 5 stars for this gem of a person and his team.
Ajith Ratnarajah
Ajith Ratnarajah
6 November 2022
These guys are very professional. You get the best of both worlds of a personalised service from a company rather than from an individual accountant. Their processes are well established. I would strongly recommend Opulent for any small, big companies and high net worth individuals.
Da Bella
Da Bella
12 August 2022
I consider myself extremely luck to be introduced to Dayan and his team. I found the solution to my loan requirement in one meeting itself...Super efficient, friendly and humble....Opulent finance rocks!!
srikanth chintalapudi
srikanth chintalapudi
11 July 2022
Dayan and his team did it again!!! They're proactive and provided timely advice in the recent sale of my investment property. They're advice saved me a lot of $$. Dayan and his team have been assisting me for the last 10+ years and they're always a lifesaver. Highly recommend!
Chamith Subasinghe
Chamith Subasinghe
15 February 2022
The team at Opulent have been extremely helpful and resourceful in securing a home loan for me. The responses have always been quick and progress made quickly through the loan application process. The advice provided by Opulent is high quality and very useful, special call out to Ishara and Dayan who have been very knowledgeable, experienced and professional. I have recommended Opulent to my friends and they have had positive experiences as well. I would highly recommend giving Opulent a go!
Daniel C
Daniel C
26 December 2021
Highly recommend Opulent Accountants! I've been lucky enough to deal with Hasi, Dayan and Charlene and all three of them have been a great help. Thanks guys.
Sam
Sam
5 November 2021
Great Accountants and Mortgage Brokers. Prompt, Professional, Well-informed and Responsive.
Kesh Aryaratne
Kesh Aryaratne
11 October 2021
The team at Opulent are professional, accessible, friendly and most importantly prompt in getting matters sorted. I have had the pleasure in dealing with both Dayan and Hasi who have guided me throughout and have been extremely helpful in getting my complex tax matters sorted on time and in a professional manner. Great work guys.
Mukesh S
Mukesh S
29 September 2021
I was apprehensive to take the plunge into refinancing my loans. However Dayan and his team were very patient and made it a point to respond to all my queries and doubts . They must be leading busy lives themselves, however they were flexible and accommodative of my requests for meetings at close of business hours. Further I noticed that they are particular in their and the customer's paperwork. Along with Dayan, I'd like to call out the efforts put in by Ishara for ensuring a smooth transition. She has ben patient with my many queries and diligent in her handling of the paperwork. Thank you Dayan and team.