Cloud Accounting

How Hurricane Irma Proves your Business Needs to be on the Cloud

BY ON October 10, 2017

How Hurricane Irma Proves Your Business Needs To Be on The Cloud

Last month, Hurricane Irma set new flooding records in Florida and the Florida Keys. In Jacksonville, we saw our own share of apocalyptic conditions. Hurricane downfalls left over 5 feet of water in their wake, surpassing the previous 1960s record of 49 inches. As an accounting business, we work with hundreds of small businesses in the area and are intimately familiar with how this disaster has affected them. One of the greatest challenges businesses face post-hurricane is getting back online. Many of them, however, are struggling to shift through ruined paperwork and faulty data storage that was damaged during the storm. While it may be too late for them, there is something you can do to avoid becoming the victim of the next Hurricane Irma: join the cloud.

Why Cloud-Based Accounting Software Is Best

If you’re not familiar, cloud-based accoun...

4 Big Benefits of Moving Your Business Accounting to the Cloud

BY ON August 1, 2017

As a small business owner, one important way to boost your bottom line and pave the way for future growth is by embracing cloud-based applications. Not only are cloud applications for functions such as accounting scalable and affordable, they are often more reliable and more secure than if you tried to install and maintain software on your company’s own computers and servers. Here are four big benefits of moving your business accounting to the cloud:

#1: You’ll boost your bottom line

First and foremost, cloud applications are scalable, meaning that you only pay for the resources that you need. If you’re a small business with only a handful of employees, why would you pay the same amount as a large enterprise with significant resource needs?

Moreover, think about the difference in how you pay for software: there’s typically a big upfront installation cost, and then a lot of updat...

Receipt Bank raises $50 million to accelerate innovation

BY ON August 1, 2017

Article reposted with permission from Xero.

A huge congrats is in order for our app partner, Receipt Bank. In one of the biggest deals in UK fintech since Brexit, it’s just raised $US50 million in a Series B funding round, led by Insight Venture Partners.

Receipt Bank is one of the most popular integrations in our app marketplace, and for good reason.  As the first software company to automatically process information from uploaded images of receipts and invoices, it has transformed accounts payable and expenses for thousands of businesses. Launching in 2010, Receipt...