Cloud accounting for entrepreneurs, manage your money on the go.

Welcome to Plenar Tech’s blog. Our focus will be on Cloud Accounting. We will be briefly sharing with you our insights regarding cloud accounting and some options for entrepreneurs and small businesses.

For all of our entrepreneurs and business readers, we hope you find this article insightful for your business needs.

As a small tech business ourselves, we seek to help other businesses in myriad of manners, our newsletter is one such way we help the business community!

For small businesses, accounting can be quite a hassle, especially if you are not particularly good at it or unwilling to spend to hire accountants. Traditional accounting softwares tend to be burdensome and require space on your computer’s hard drive and do not offer real-time info.

Cloud-based platforms offer users the flexibility to access information online anytime, anywhere, and from any device. Collaborate with others and efficiently manage your business finances.

Needs will vary greatly for businesses, however some things that are common for small businesses is having a software that offers the following advantages:

  1. Simplicity – if you’ve spent more time trying to figure out how to use the software, then it’s not for you (or possibly not for anyone). Simplicity of use and a good User Interface is very important. You are your own accountant, you don’t have time to spent learning how to use the software.
  2. Mobile accounting – the software offers mobile and possibly a tablet app for on the go.
  3. Pricing – affordability vs. features, conduct due diligence and understand what options are available in the market. What features are important to you that are offered within your budget.
  4. Features – Primary features of the software. Obviously no two accounting software are the same and each has emphasis on different things, either emphasis will be bookkeeping or billing and business management. The best way is to test yourself (most will feature some sort of free-trial period, or offer free version).
  5. Scalability and usefulness to your business. Each software is oriented towards a different segment, even though they are all developed for small businesses.

Keeping these factors in mind, we offer some suggestions as to what are good options for small businesses. We narrowed down to four accounting software we think are good for small businesses: Freshbook, Wave, Kashoo and GoDaddy Bookkeeping (Formerly Outright).