Cloud Based Accounting Comparison: What you Need to Know

Making the switch to a cloud based accounting solution can streamline the accounting processes, regardless of the size of your business, as well as allow you to take advantage of the numerous benefits the solution provides. Outright, Kashoo and Pavin’ The Way are just a few of the top cloud based accounting comparisons for you to take a look at.

Cloud Based Accounting Comparison of a Top Cloud Accounting Software Provider, Outright

Outright is a web-based application with an automated approach to bookkeeping and far surpasses old school accounting. With Outright’s quick-view charts and graphs, you don’t have to sort through complex reports or confusing pie charts. Through the automated processes, Outright offers opportunities for taxes, banking, expenditures and income all with the bonus of security. Your information is regularly saved to secure servers instead of your hard drive, so if your computer crashes or is lost, you’re safe with Outright. This provider still utilizes 26-bit SSL security, similar to most banks in the United States.

Cloud Based Accounting Comparison: Kashoo

A cloud based accounting comparison of Kashoo highlights the offerings they bring to the table with all the apps that send your invoices, track expenses and help you with reports, but Kashoo claims to do more with its accounting software solutions. With a double-entry solution, Kashoo utilizes Generally Accepted Accounting Principles, or GAAP. Unlike other providers, this one gives you the unique opportunity of being banking friendly. Regardless of the size of your business or where you and your bank are located, Kashoo can support you. It uses bank reconciliation by downloading bank transactions as well as credit card transactions into the system. This cannot be done in traditional accounting.

See What Pavin’ The Way has to Offer in a Cloud Based Accounting Comparison

In a cloud based accounting comparison, Pavin’ the Way illustrates its ability to give you a simply software solution with plenty of robust features. You will only need one program to control your entire operation with this cloud-based solution. Both e-commerce and internal transactions can be processed within the integrated web-based solution at Pavin The Way. Because there are so many options, you will be able to customize the product to fit your unique business needs.

Pros and Cons Highlighted in a Cloud Based Accounting Comparison

A cloud based accounting comparison reveals that most providers offer the most current version of their software with no installation or management needed. It also gives you unlimited remote access to your accounts, imagine being able to reply immediately to customers and vendors. Despite the myths, a cloud-based accounting solution has enhanced security features and is significantly more reliable than traditional on-premise networks. Some of the problems with cloud-based software applications are the high volume of traffic at peak times. Increasing the scalability and bandwidth can greatly improve the functionality of the cloud and usually eliminate this issue.

Looking at the Costs in a Cloud Based Accounting Comparison

A cloud based accounting comparison shows that most providers offer a free 30-day trial. After that period, the pricing varies. Some vendors do charge for customer support or the addition of users. Outright charges $9.95 a month. With Kashoo there is no set-up fee, upgrade fee or contract fee. While the vendor does not list a specific price it does tell customers their services are less than $10 a month, comparable to other providers. Pavin’ The Way is one of the more expensive choices. At $500 for software it is a bit pricey. And then there is the installation which will cost you $125 an hour. But this vendor does offer a free 30-day trial period like the others.

Cloud Based Accounting Comparison of Suitability for Types of Businesses

A cloud based solution is an application that may just be a one size fits all system. The cloud can be as little or as big as it’s needed based on your needs, business process and number of users. Cloud based accounting has grown in the years since it initially hit the market. There are numerous vendors to choose from and sample which gives you the advantage of finding one that fits your budget and operations.