Xero and Cloud Accounting Services
The future of business bookkeeping and management reporting is Cloud Based 'Live' Accounting Programs such as Xero and MYOB.
​
What is Cloud Accounting?
This operation of an accounting program via a subscription to a website based profile. Your business data file is stored 'in the cloud' as opposed to on your desktop computer or hard drive. The term 'in the cloud' refers to the ability to use the internet to access your file and your chosen accounting software at any time. The software program is operated from a central database in specified locations around the world and all data files are backed up and saved on large hard drives accessible to the software website 24 hours a day, 365 days of the year. The security of cloud based accounting is equal to the levels used by all major banks for internet banking.
Each location of the software operations will customise the functions to match the business and taxation requirements of the region it services. For example, Xero software functions for Australia differ from the Xero functions in New Zealand, US or UK.
​
One major advantage of Cloud Accounting is the 'Single Ledger'. This means that all users of the software will have an individual login and will access the one 'live' ledger file. The ability for your accountant and your advisors to access up to date live information is a major advantage when making important business decisions. No backups, no zip files and as long as you have a device and the internet, access is always available to your business information, even on holidays!
Mark Trovato Chartered Accountants was one of the original leaders in the South West Region to facilitate seminars and training on the concept of Cloud Based Accounting since 2013. Under the management of our Senior Accountant, Alison Trovato our Cloud Accounting Services team has a wealth of experience in advice, training and practical support in all areas of cloud software.
​
Two of the major cloud software providers we provide support for are:
​
​
