The cloud utilizes the internet to host your accounting system and is available to you and your advisors on a 24/7 basis. This means you can utilize a virtual CFO or Business Coach to help you out with just a phone call or an e-mail. The cloud allows you to work from anywhere with quick access to your advisors without the need to transfer data.
QBO has over 700,000 users and offers a variety of options for small business based on their size and needs, including payroll. It provides great dash boards and management reports. It provides overnight bank feeds and the ability to quickly reconcile bank accounts.
Take a look at QBO:
Xero is an innovative forward thinking accounting and business system that allows businesses and their advisors to work as a team. Xero accounting was built for the cloud and offers an enthusiastic and dynamic approach to presenting financial data in ways that are easy to grasp and understand.
Here is a look at Xero:
In addition to the basic accounting reports and beautiful financial statements, you also have access to a cool dashboard so you instantly know where things stand.
Budgeting and Planning:
I am able to provide actionable, financial data, to assist you in strategically planning for success, and bench mark on how you stack up against your competitors. LivePlan provides importation of information from Xero, Quick Books Online (QBO), in addition to the possibility of manually entering data.
Here is view of LivePlan:
LivePlan enables you to plan using seamless accounting integration and to take action based on financial trends. You can access your key financial data whenever you need it in a format that is easy to understand. You can set goals, build your budgets, and forecast your future.
Cloud based tools enable us to collaborate virtually which saves time and traveling expenses.