Why should you care about migrating to cloud accounting software?

by Biplob Dev ERP Consultant

Migrating to cloud accounting software can be difficult yet easy for all businesses.

However, with a few online accounting applications, businesses may struggle to migrate to cloud accounting if there are no features available for a seamless migration.

Cloud migration is often seen increasing with firms that are expanding their locations and adding more manpower into business.

However, with the growing needs of businesses, accounting systems also need an upgrade.

Therefore multi location-based businesses should seamlessly migrate to the cloud accounting as immediately as possible.

And even if you are a single location-based business migrating to the cloud accounting will be an added advantage for sure.

Cloud accounting as the name implies is the application of business accounting software that is accessible on the cloud.

Therefore regardless of your physical presence on-site managing your business online is simply rewarding because it saves you a lot of time and money.

And you can run your business efficiently on the go anytime and anywhere because you have no software installed on your premises.

Instead, you access your business data via apps on mobile devices.

 

What Do Most People Think about Cloud Migration?

Back in 2017, when India launched the GST taxation system in India.

I was traveling to cities door to door trying to sell my first copy of an online accounting software subscription.

And there I came across many people and businesses that turned me down saying "No business would ever keep their financial data on the cloud"

Later I realized what these people actually meant to say and I hope you understood what it meant too.

Because in a place like India tax evasion is a big problem.

And this is the reason why most businesses are not willing to migrate their business and accounting data to the cloud.

So as a measure to protect their data and identity they feel it’s unsafe to migrate to cloud accounting.

But today another check is imposed on Invoicing i.e. E-invoicing in order to stop tax evasion.

So most businesses think the cloud is non-reliable for accounting because there is a risk of privacy and loss of data.

However, not all businesses are the same.

Today we can find millions of businesses across the world who are using the cloud platform to operate their businesses and finances.

And in a year or two blockchain and AI will dominate accounting and financial applications on the cloud.

 

Smart People Adopt the Cloud

Most business has a neat and clear business transaction and they have no obligation against the cloud.

So there is another sort of people who talk about improving businesses investing in cloud technology and constantly accepting challenges.

I knew that the cloud is the future and the future is in the cloud. So I never gave up.

Finally, I could sell my first copy of my accounting subscription in 2017 and today it has been three long years since I am receiving 100% positive feedback.

So nothing is harmful online for your business if your transactions are clear.

And you could make an easy online migration of your current accounting system to the cloud.

Moving to the cloud means you are directly impacting your businesses every single day because you have access to your business in real-time.

And you are able to make decisions quickly and much faster.

 

How Easy is the Migration Process?

If your business has been running on a DOS-based system or a Windows Based System.

It’s time to upgrade the accounting systems that do not provide you any access to your business in real-time.

To overcome this you could seamlessly migrate your old existing system to the cloud.

But not all cloud accounting systems are the same.

Because cloud systems should also support a seamless migration of your existing data.

So if the cloud accounting software has reliable features that can import your existing data.

You can easily migrate your existing accounting system to the cloud accounting system.

The basic migration takes place by importing your master data opening balances.

Whereas some accounting apps may provide import of transactional data as well such as Sales and Purchases.

So if you are aware of online accounting software that does support the migration process easily.

You should adopt a system that provides you the flexibility to migrate your data with ease.

 

RealBooks is an Example that Supports Easy Migration

RealBooks is one of the best accounting software in India when it comes to cloud accounting.

It provides a multitude of features that seamlessly imports your data through an excel file.

Therefore if you could export your master data in excel from the existing software, you can easily import all your masters using RealBooks excel templates.

RealBooks also provides a provision to import transactions through excel files.

So if you want to import your transaction as well for the previous year you or others you can do so using RealBooks.

Either it is about important master data such as customers or vendors or it is about importing masters such as items and item groups

RealBooks provides an easy-to-use user interface UI that allows you to easily import your business data on RealBooks.

And migrate opening balance for ledgers as well as inventory and start using accounting on the cloud.

This feature is not available on all cloud accounting software.

So make sure you choose the right cloud accounting software that is scalable and robust for all your business needs.

 

Conclusion:

Today each and every piece of information is available online.

And whether it is about returns filing or income tax filing every task is being done online.

So when government data is all online why can’t we think about moving our financial data to the cloud?

Organizations such as Amazon, Microsoft, and Google play a major role in securing cloud infrastructure and data services.

And solutions providers are using their services to provide a scalable accounting system today for small to large businesses.

Therefore moving to the cloud is easy and safe.

I look at it as an added advantage for businesses and enterprises.

However, your opinion is important depending on the situation of your business.

If you want to expand your business the cloud is the future of business.

All you need is to take a free demo of accounting software or you can start with free accounting software.

Contact me for free support if you would like to migrate your business to cloud accounting.

 

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Created on Apr 21st 2021 11:19. Viewed 376 times.

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