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5 Ways How Cloud Accounting Benefits Early-Stage Startups
How Cloud Accounting Benefits
Running a startup is exciting as it
opens opportunity to be creative
and still remain in control.
As a startup owner, you invest all
your energy and time in
nourishing your startup.
But to make profit, you need a
solid accounting system to ensure
your cashflow is well managed
and your startup is turning a
Many startups start their
accounting with spreadsheets,
but, it is an error-prone
accounting method and requires
a lot of manual efforts.
And what if you are not an
accounting expert or don’t have
enough time to handle
accounting due to other
Relying on accounting software
hosted on the cloud can help you
save time, make real-time changes,
avoid costly errors, get better
reporting and make good decisions.
Here is how you can manage your
business finance while keeping your
startup on track with a cloud
1. Remote Access & Multi-user Collaboration
Have you ever faced a situation where you left
an important accounting file in your office
computer but you wanted to work from home?
That’s never a problem with cloud accounting.
You can access your accounting software and
data anytime, anywhere even on any device.
Also, multiple users can collaborate easily on
your accounting documents at the same time.
Because accounting software is hosted in the
cloud, not on local computers, now, you and
your team member only need a computer
system with an Internet connection to
Your startup data is crucial. And cloud
is one of the most secure ways to store
Unlike local systems, in which a hard
disk crash or other man-made error can
destroy all your accounting data, in
cloud accounting your data is fully
secured and backed-up 24x7.
In cloud accounting, your data is saved
in multiple data centers across multiple
locations with antivirus, encryption and
firewall solutions, which can be
retrieved anytime in case if any disaster
2. World Class Security
There is no denying that every startup owner
suffers from time and cost constraints.
According to CB Insights, 29% of startups fail
due to simply run out of cash.
Cloud accounting can help startups save both
money and time. You don’t need to have any
system administration or maintenance, extra
local computers, or costly software upgrades.
Instead, they are managed by your cloud
With a pay-as-you-go subscription model,
you never need to over-provision and have a
large initial investment in your accounting
3. Time and Cost Saving
Cloud accounting saves the latest version
of your accounting file, so you're never in
danger of having an outdated version of
All updates and software upgrades are
made in the background without
interrupting your work.
Plus, cloud functionality is automatically
adapted to your device features, which
saves your staff from making changes and
other manual work, thus freeing up them
for other projects.
4. Automatic Updates and Software Upgrades
Cloud accounting allows you have a better
control on your accounting data and
resources, an in-depth, real-time and up-
to-date view of your business accounts.
It also offers scalability where you can add
or remove resources as you grow.
You get a consolidated performance
analysis, that you can easily turn into
actionable insights to take better decisions
and formulate new models for your
5. Better Business Decisions
Build a more successful startup and do a hassle-free accounting with Ace
Cloud Hosting. Get 3 Months of Free Hosting of QuickBooks (or any
licensed accounting software) with Ace Cloud Hosting for your startup.
With cloud accounting, spend more time doing what you love.
Ace Cloud Hosting is an Intuit authorized
Premier Reseller and commercial host for
QuickBooks software and cloud
accounting provider to CPAs,
bookkeepers, startups and SMBs.
As winner of 2016 Accountex USA User
Favorite Awards for hosting category, we
provide cloud accounting solutions that
enable startups and SMBs to run their
whole accounting better.
Visit us at www.acecloudhosting.com or
call us at +1-855-219-0431
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Also Check Out Some of Other Slideshares.....
Accounting For Startups – Forbes
The Top 20 Reasons Startups Fail – CB Insights
5 Reasons Why Your Start-Up Needs an Accountant – Huffington Post
Cloud Accounting for Startups and SMBs: Blog Series – Ace Cloud Hosting
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