5 benefits of cloud accounting software for small business More and more business owners are turning to cloud accounting software to manage their business finances. If you've yet to try it, here are 10 ways online accounting software can help your business Save time with automation Don't waste time posting and chasing invoices. Cloud accounting software automatically generates invoices - as well as reminders - at regular intervals, meaning you don't have to manually keep track of debtors. If you combine your accounting software with HR and payroll applications, you can also automatically generate payslips and other HMRC documents. Work from anywhere with an internet connection Value for money Instead of paying a huge one-off fee for accounting software, with the cloud you can spread the cost by paying monthly - helping you to manage your business's cash flow. If you prefer to pay up-front, you'll benefit from a discount. Cloud accounting software means you no longer need to worry about maintaining spreadsheets or installing a programme on one machine. The cloud allows you to log in to your business's account anywhere with an internet connection. Once you sign up, you can get started straight away Up-to-date data Keep your information secure As your data is saved on a secure cloud server and is constantly backed up, you don't need to worry about your data being hacked or compromised. Even if your computer crashes, everything is still saved in the cloud. Automated bank feeds allow you to keep track of your business's balance sheet in real time. You can also view a variety of reports that give an up-to-date snapshot of your business finances. Online accounting software makes it easier to get closer to your business and gives you a clearer picture of your finances as a whole.http://clearbooks.co.uk