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Is 2017 the Year for Restaurant Accounting to Move to Cloud ?

Last updated: 18 Feb, 2022 By | 6 Minutes Read

From technology professionals to restaurant business insiders, everybody is discussing how 2017 is the year that companies are decisively taking the leap in huge numbers to cloud-based accounting. Desktop applications are rapidly turning out to be a technology of the past and not just in accounting. Leading software program providers such as Microsoft, Adobe amongst others are adopting the cloud, and accounting for restaurants is no different.

Change is difficult in the restaurant industry and with accounting being among the last to cling to desktop, a lot of restaurants are nevertheless attempting to reach the decision whether or not to take the leap to the cloud. Listed below are the Major five queries a lot of restaurant accountants are worried about, accompanied by certain justifications for the reason why this could be the year that accounting gets off the computer and onto the cloud.

1. Price:

The major reason why restaurants have shied off of cloud-based accounting is due to the fact that until now cloud-based accounting costs them the same – if not more – as compared to desktop. The fact of the matter is that in 2016 it is going to save your restaurant money. Rather than having to pay a huge flat fee for desktop accounting software that would sooner or later result in inexpensive and usually uncomfortable upgrades or maybe outgrown by your business, the majority of cloud based restaurant accounting software is billed monthly, providing you the convenience to increase or constrict the number of users and functions you make payment for. Updates and upgrades turn out to be practically inconsequential since they are automatically integrated by your vendor when they become accessible.

2. Gain Access to Your Books from Any Device, Anyplace:

The days are over of an accounting professional getting tethered to a table or perhaps hardwired to a network, nevertheless what about needing to be plugged into the identical individual devices? Hard disks crash. Laptops could be stolen as well as misplaced. As stated before, cloud-based software program merely needs a working laptop or computer with a web browser and Internet connectivity to gain access to the data. This implies that anybody who requires access can easily log on at their home, at some other workplace, or from any hotel across the globe.

3. Improved Operational Efficiency:

Not only does the cloud give you simpler access to your business’s finance-related records, but it can create increased proficiency by means of offering a lot more access. Better quality restaurant accounting systems can readily be put into use by a vast number of employees – from accounts receivable to sales to the storehouse, etc. – each one with its unique set of permissions that enable distinct accessibility rights. Sales will be able to write orders straight into the system. Shipment may just have to look up orders and print packaging slips whilst your accounting professional may have greater level permissions to supervise the complete operational financial depiction.
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4. Speed:

Considering that accessibility is a lot easier, you will realize that you along with your team can easily update the cloud-based applications as and when your transactions occur, not after they go back to their office space or workplace. Not only does this boost performance, it additionally develops the accuracy and reliability of your record keeping. Having the ability to log in from any place at any time provides you and your team a lot more freedom to be where you require them when keying in data, as opposed to needing to enter data from the place you might not actually require them.

5. Security and Protection:

Maintaining your financial data safe and sound is most likely among the leading imperatives with regards to managing a restaurant. Cloud-based restaurant accounting software provides physical data security wherein your information is going to be stored in a secure environment by the specialists, as opposed to on your own computer or in-house hosting server. Security programs that make use of encrypted connections avert intruders and hackers from taking advantage of your finance-related data when it is saved securely on the cloud.

Even small-scale or startup restaurant businesses can reap the benefits from taking a sincere look at making the required leap towards cloud accounting in 2017.

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