Cloud accounting (also known as ‘online accounting’) means that your business’s financial transactions are securely processed and stored by specialist accounting software ‘in the cloud’. In other words, cloud accounting enables you to your business’s financial information over the internet.
Why use cloud accounting in your business?
Information Accessibility
You can access your business’s financial information anywhere and anytime on any device with an Internet connection.
Up-to-date Information
Automatic feeds of your business’s financial transactions (e.g. banking, invoicing and payroll) ensures that your information is always up-to-date.
Information Security
Sophisticated software security functionality helps to keep your business information safer than ever before in the “cloud”.
System Integration
Cloud accounting software can easily integrate with your other business systems (such as your CRM and inventory software).
How to choose the right cloud accounting software
There is no ‘one-size-fits-all’ cloud accounting solution. Every business is unique. You need professional advice to help you make the right software decision. Here’s our approach.
First, we spend the time to understand the fundamentals of your business.
Second, we discuss the goals your business is trying to achieve in the next 6 - 12 months.
Once we have that information, our team will show you cloud accounting solution options that will meet the needs of your business.
You then choose the most suitable solution for your business. We help you to fully implement it, including staff training so that there’s no stress on you.
With our help, setting up a cloud accounting system for
your business is affordable, quick and hassle-free.
We are impressed with the service we receive from Kelvin Wang
Our pharmacy engaged Kelvin Wang as our accountant in 2014. Shortly after Kelvin’s involvement with our business, we have transferred from a desktop system to fully cloud base MYOB system. We are impressed with the service we receive from Kelvin Wang, the managing director of KLW Group Pty Ltd. We were looking for someone to look after our book, but what Kelvin has done for us is so much more. In fact, Kelvin became the virtual CFO for our business, providing tax advice and helps with our finance matters. The service provided is beyond comparison. I would be very pleased to recommend the service of KLW Group.
KLW Group has helped me to get on top of all my accounting
Kelvin has helped me to get on top of all my accounting and tax for my business and family for over 5 years now. He is now not only an accountant to me, but a trusted business consultant and friend. He is always there whenever I have any questions or issues regarding accounting finance and tax . I would not make any significant business decisions without consulting him first. His knowledge and expertise in the area helped me saved real dollars and avoid a lot of potential risks. He is also an expert in self managed superannuation. His advice is saving me money and growing my super. There are lots of accountants out there in Sydney, but Kelvin is one of the best, a trusted business partner and a friend who helps with business and family wealth growth.
Kelvin Wang and his team are passionate and reliable
We engage Kelvin Wang as our accountant and have been impressed by his professionalism and comprehensive business knowledge. The service offerings are, indeed, tailored to our needs. Kelvin and his team have helped us with tax compliance, international tax issue resolution, and implementation of new financial systems. The approach is both practical and easy to understand. We are much appreciated that company finance has been well looked after, and let us concentrate on our core business and improve customer satisfaction. We would be very pleased to recommend the services of KLW Tax.