All businesses are required to showcase financial transparency and follow government protocols to ensure operations meet specific financial guidelines. As such, the need for accounting services continues to be an important function of businesses across the country. However, accounting and bookkeeping financial operations are costly ones, especially for small to medium businesses. Business owners have to fork out large investment to fulfil accounting and bookkeeping roles in their companies and this can also prove a tremendously time-consuming activity. As such, business owners have sought new ways of servicing their accounting departments and a solution in the form of outsourced accounting has become available for affordable rates.
Companies like MBS have met the demand for outsourced accounting and bookkeeping and have taken the service one step further by providing additional accounting support through employing cloud based accounting software. Using a range of top-tier software, MBS is able to fully service companies accounting and bookkeeping departments through the management of these programmes. But, before we can understand how MBS utilizes several exceptional software we need to know a little more about cloud based accounting.
What is Cloud Based Accounting Software?
Individuals new to the concept of the cloud will be thrilled to learn that the cloud refers to the process of safely and securely storing data that can be accessed at any time, from anywhere, and with any device. Storing data on the cloud means that companies do not need to make space for data storage as typically done by accounting and bookkeeping departments. But, what is cloud based accounting software?
Cloud based accounting software is a program responsible for storing financial reporting data and accounting books online. Records of income and expenses as well as assets and liabilities are neatly stored and encrypted to ensure that they are secure from hackers and are completely private. Only people from the company with access to the login details are able to view the data, meaning your company’s financial transparency is entirely in your hands.
The Benefits of Cloud Based Accounting Software
Companies have utilized cloud based accounting software to facilitate their accounting and bookkeeping operations since the early 2000s for several reasons. We have listed some of these reasons below so that you can make an informed decision when choosing to partner with companies such as MBS who facilitate your accounting services using this specialist software:
Data is directly input onto software spreadsheets, meaning time can be saved where one would usually have to manually input data.
Data can be viewed at any time, from anywhere, and with any device, meaning you have constant access to your financial reports.
There is no need to install or update software as it all operates online.
Data is encrypted and therefore protected, meaning your company’s privacy is maintained.
The following pieces of software are used by MBS to ensure companies receive the above-mentioned benefits of cloud based accounting software
Xero offers several time-saving tools to ensure you get the best from your accounting partnership with MBS. Xero allows business owners to view their financial reports on the fly with simple and easy to understand graphs, making this software optimal for small business owners hoping to avoid complex programmes.
Xero also offers full collaboration features with your accountants and bookkeepers, meaning your team can sync up from around the world and work together to achieve financial success. Xeros strong privacy options allow business owners to be confident that their important data is safe and secure.
Sage and Pastel
Also targeted at small business owners, Sage is a simple but powerful tool allowing company executives to gain greater control over their financial reports. MBS utilizes Sage to assist company owners with easy and efficient invoicing, as well as sourcing quality accounting advice and facilitating cloud based payroll. Ensure that you save time and money financing your staff by outsourcing your accounting and bookkeeping to professionals who make use of this handy software.
Sage’s additional Pastel Partner allows individuals to reap the benefits of Sage’s Intelligence Reporting, Microsoft Office 365 Integration, and cloud based backup meaning collaboration and safety are at the forefront of companies utilizing this software.
Companies like MBS are able to optimise the accounting functions of small to medium business owners through the use of cloud based accounting software, making the job easier and less of a hassle for managers and CEOs. By partnering with companies that use these quality accounting programmes, business owners can save time and money by outsourcing their accounting and bookkeeping services.
I'm very happy with the Company Registration services that MBS offered us recently. I highly recommend MBS. Not only were they fast and efficient but also very professional and kept me constantly updated with progress of the many registrations that they did.
Claudette Shepherd A Year Ago
MBS accounting service offered my husband and me excellent service and come highly recommended. They assisted us with de-registration from SARS and made a complicated process, due to the fact that we weren't in SA anymore, smooth and easy. They followed up and were very accommodating with every step of the process. Great value for money.
Senzo Xulu A Year Ago
Super proffessional team. They give you guided support, which ensures that you choose the appropriate level of services for your business. From a distance you pick that they are a systems driven with attention to details. Special thanks to Dylon.
Selected Studios A Year Ago
Brilliant services and Effects to help my business out ☝️
reece stander A Year Ago
Dylon from MBS had offered me a list of incredible services and I couldn’t help but do my registration of my business through them due to there lighting fast services, informative employees as well as just helping in any convenient way possible
Vida Pretorius A Year Ago
Thank you Dylon so much for the quick and efficient service we received,
Steve Quirk A Year Ago
Fantastic!I would personally like to thank Dylon for helping me register my company and being so professional about it. Not only was he professional but he was definitely fast.As soon as you enter the webpage you get a message from him letting you know that he is there to help. He responded to my message within minutes and I was on the right track .Dylon keep up the hard work and I will look forward to using MBS services for all my business needs .
EE Marketing 5 Months Ago
Excellent Service delivery and customer support, very helpful team and extremely professional
Caitlynne Copeland 5 Months Ago
Profesional and trustworthy as well as helpful.
Taryn van Niekerk 2 Months Ago
Thank you to MBS Accounting Services for assisting with my company registration. They made - what seemed like a daunting task - a streamlined, convenient and pleasant adventure. A big thanks to Dylon who offered friendly, punctual and efficient service throughout.