Plan an Early Excel Migration to Enjoy Benefits of Online Accounting Software People behind a start-up are usually in love with MS Excel. Considering the size of their business and accounting needs, they find the management of their accounts being taken care of with easy to create and update spreadsheets. If you too are happy using Excel for your start-up, the happiness might not last long as your business begins to scale and your accounting data begins to swell. Before it happens, think of excel migration to an online cloud-based accounting solution like QuickBooks Online. With this step, you will secure a number of future benefits like those discussed below. Round-the-clock Access Excel sheets stores in a computer can’t be accessed from anywhere else. It restricts your contact with your finance and accounting data to the office space and time only. Convert your data from spreadsheets to cloud accounting platforms and access it during any hour of the day. Also, it allows accessing data from home or even while travelling. All types of devices from laptops to tablets and smartphones can be used to log in to your account with the software for immediate access. Keeping the Track Right An audit trail is one necessity of accounting that cannot be ignored under any circumstances. The fact that excel misses on audit trail makes spreadsheets prone to data compromises and frauds. Unfortunately, you will never know who the culprit is. Do away with this helplessness as the modern technology-based accounting systems offer clean and transparent audit trail. Every single expense, transaction, payment and activity are taken a record of. Simple and Less Time-consuming Starting with simple spreadsheets, Excel accounting tends to get complicated with the passage of time. You have to invest huge thoughts and planning to design each and every sheet as configuring it later is simply not possible. It means that your staff would be devoting a lot of business time and the results may still not favour great-looking accounts. With a cloud solution, you get most of the part automated and save a lot of time and labour. Reporting Gets Better With Excel, you need to wait for a month or a specific period of time to end before you can generate reports. By switching from Excel to a cloud accounting software, you can remove this restriction and generate reports in no time and through a few clicks. So, if your investor demands certain report all of a sudden, you can respond with up-to-date reports that would bring more efficiency and good name to your business. Sharing information with external accountants too becomes fast with this. A Seamless Addition to Your Business Setup With the passage of time, your business would start relying on other management software tools and applications like ERP systems and more. MS Excel can’t match up to the level of sophistication these business apps offer and demand. Rather, it may prove to
be a hurdle for efficiency managing inventories, invoices etc. The popular online software tools for accounting are designed to synchronize with other business apps so that there is a free flow of information. If you are convinced for excel migration, MMC Convert can help you in the transition to any of the popular accounting platforms like QBO, Reckon, Xero and more. Leave your accounting data conversion tasks and worries to our team of experts who have adequate experience in converting data securely and efficiently.