Cloud Accounting

Recently, there has been a shift from the traditional accounting system run on the desktop to the cloud accounting system.

With cloud accounting, users access their accounting software through the internet from any location.

The benefits of cloud accounting are:

1. You can access it any place, any time.
2. There is one data file, with multiple access. This enables bookkeepers and accountants to access it, without having to email , or drop it off the files.
3. Real time information is used, with daily bank feeds.
4. Its safe and secure.

Loewy Consulting Partners recommend the following cloud accounting providers:

MYOB liveAccounts is designed for smaller businesses with simple accounting needs. MYOB AccountRight Live offers small to medium sized businesses more options in terms of invoicing, inventory, payroll and reporting.

Xero is an easy to use online accounting system that is designed specifically for small businesses.

Saasu is a comprehensive online accounting software system for managing business financials.

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I would like to say that Loewy Consulting Partners provide prompt and helpful advice in processing my income tax and in dealing with the Australian taxation office and highly recommend their services to my colleagues. The staff are friendly and always available to assist with knowledgeable advice.

Dr Robert Mansberg
MB BS FRACP, Consultant Physician in Nuclear Medicine, Concord and Nepean Hospitals, Clinical Lecturer, Discipline of Imaging, University of Sydney