Why is Cloud Accounting Beneficial for Your Small Business?

Cloud accounting solutions

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.

  1. 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.

2. 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.

1. 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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Moumita Ghosh
Moumita Ghosh
2020-11-18
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We've been meeting Dayan for years now and he is great with his advice and is very knowledgeable and pragmatic. We recently used his services to get the home loan for our house and he and his team went above and beyond to get us the best possible deal. Ishara in his team was super communicative and responsive in following through and made the process very easy for us. Highly recommend them!
Cara Neela
Cara Neela
2020-10-24
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Dayan and Hasi are wonderful, wouldn’t hesitate to recommend them! They went through all with a fine tooth comb to ensure all was correct. Thanks to you both and the Opulent team!
Jason Barry
Jason Barry
2020-09-29
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I was looking for a different accountant and was recommended to Opulent Accountants. I have been blown away with there service. I wish I moved accountant sooner. Platinum Plumbing Enterprises P/L
Afshin Koohestani
Afshin Koohestani
2020-09-10
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Uditha Illeperuma
Uditha Illeperuma
2020-09-08
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Opulent Finance gave professional advice for my unique home loan requirement. They respond quickly with the proper information. The process was smooth and I felt comfortable to deal with the team. The team is friendly and professional to deal with. Highly recommended for any one looking for finance.
Dinesh Fernando
Dinesh Fernando
2020-09-03
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Very happy with the service provided in getting my tax returns done. Mr. Dayan is very helpful and professional and has extensive knowledge in his field of expertise. Highly recommend if you are looking for a hassle free and prompt service.
Ronald Turner
Ronald Turner
2020-07-16
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Opulent were absolutely fantastic to deal with, they are competitively priced and incredibly proactive and friendly. For me I have been much better off using their fantastic services as opposed to doing tax returns myself. Sum was amazing, incredibly knowledgable and super friendlyI'll certainly be back with Opulent next year
Milinda Wickramasinghe
Milinda Wickramasinghe
2020-07-05
Verified review
Opulent team has been fantastic and it has been truly a pleasure dealing with the team for more than 10 years. Dayan and Ishara have gone above and beyond to assist and communicated with me even when I was overseas. Excellent service has being provided in a professional and timely manner. I would highly recommend the team.
Chami Ranaweera
Chami Ranaweera
2020-04-28
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I have been working with Dayan last 9 years. All of my loans, refinance and tax are done through Opulent.Dayan and his team including Ishara are very helpful and easy to deal.
Edmund Lobo
Edmund Lobo
2019-12-02
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We were new entrants to the cattle farming scene. All the rules and regulations surrounding primary production can be very confusing. The team at Opulent Accountants walked us through all the steps, set up the necessary ABNs and Company / Trust accounts, filed the related pending BAS and Tax returns, and is currently keeping us up-to-date with all ATO related transactions. We recommend them highly to all.