Putting your business online is no longer about having a website or posting coupons on Facebook. Today it’s about automation and access. Great online tools are automating every aspect of business, from HR to operations. There is so much out there, in fact, that knowing where to start can be the biggest problem.
The obvious choice is to start with cloud accounting. Why? Not only is accounting an area where web apps can immediately improve business results like cash flow, but cloud accounting also makes a natural foundation onto which all other business tools can be built.
Here are the 7 Rules of Success for moving accounting – and more – into the cloud:
1. Commit Fully
Accounting systems are multifaceted and can handle more than just the paying bills, so be prepared to go all-in. You can quickly move your time-keeping, payroll, merchant services, and banking into one cohesive package. The more data you stuff into an online accounting package, the more useful it will be, and the less time you’ll spend doing duplicate data entry.
2. Dump the Desktop and Decentralize Data
Moving finance to the cloud also means you can get rid of the servers and desktop software, allowing access to your accounting from any PC, tablet, or smartphone.
Making data mobile empowers employees to enter time sheets, sales transactions, purchase orders, inventory adjustments, and other data – right from the field or storefront. This creates an organized, paperless system, and greatly reduces mistakes by pushing the data-entry tasks down to the people who actually generate the data.
3. Know the REAL Cost