Why You Should Upgrade Your Bookkeeping Process

Why You Should Upgrade Your Bookkeeping Process

It's no secret that technology is advancing at a rapid rate. While this may seem uncomfortable or even downright scary to some folks, this advancement is helpful for everyone, especially if you own an online business. Cloud bookkeeping is key to staying up-to-date and on top of your finances, and using a service like Link My Books makes it even easier and saves you time every week.

Is an upgrade to your bookkeeping process necessary? Here's some top reasons for why you should modernize your bookkeeping today.

Outdated Technology

While some things like furniture can be appreciated for decades, accounting and cloud bookkeeping software is not one of them. Put the days of pencil and paper ledgers away. Your outdated technology not only makes it harder to stay up with today's markets and keep your tax and accounting records accurate, but it also poses a security risk. To put it as simply as possible: outdated bookkeeping software is inefficient.

Older versions of software are no longer supported or do not see any software updates. That leaves the software without updates, and leads to a buggy, slow, crashing more frequently mess altogether. Upgrading your e-commerce bookkeeping is a worthy investment, and with Link My Books’ 14 day free trial, you'll see what you're getting ahead of time.

Security Risks

Your e-commerce bookkeeping data is important. Without it, you won't be able to run your online business, and when your customers buy from your store, they're trusting you with some of their own data.

If you're still using bookkeeping software that stores your data on a desktop, it's time to switch to cloud bookkeeping instead. This makes the information more easily accessible while keeping the data more secure.

Migrating to a cloud based software prevents all of your accounting data from getting destroyed or corrupted if something happens to the computer it's on, the place it's stored, or if a coworker accidentally deletes something. Migrating your accounting to a cloud based process secures it from physical threats, as well as digital.

Those who already use a cloud based bookkeeping program should check how old the software is. Older software doesn't have the same support or updates and patches to keep things like hackers and viruses out, leaving your information exposed.

As for online sellers, information security is a top priority. Keep your e-commerce bookkeeping data modernized, and it will remain secure.

Benefits to Upgrading

Upgrading or modernizing your cloud bookkeeping process has many pros attached. On top of the security improvements, think of the savings, efficiency, and productivity over the long-term.

Savings

Running an online business requires you to get proficient with your money and how you spend it. So it’s understandable that you want to ensure you’re making wise investment decisions regarding upgrading your bookkeeping process.

You want to choose the right cloud bookkeeping solution for your business as it stands currently, as well as the future image you have for it. Once you find the right e-commerce bookkeeping solution that works for you, the increased efficiency and productivity that comes from it will translate into savings for you and your business.

Efficiency

You may be used to your old accounting software and all the little hacks necessary to make it work. But having in-depth knowledge of the software doesn’t mean it’s efficient.

Having your sales, VAT, other taxes, and fees calculated for you saves you time and money, freeing you up to focus on more impactful work. Like putting the analysis of your sales figures and trends to good use for your future business plans.

Upgrading your cloud bookkeeping improves overall efficiency by allowing you and your team to remain more organized, track trends and other metrics, and automate the simple stuff to save you time every week.

Productivity

If you’re spending hours a week or month on your Ebay, Etsy, Shopify, or Amazon bookkeeping, that’s further improvements to your business that you could be making that may never see the light of day. Switching to a bookkeeping process that does data entry and menial tasks for you allows you to focus on the growth of your business – and your sales figures.

Useability

Efficiency and security aren’t always enough of a selling point. You could use the most efficient and secure cloud bookkeeping solution available, but if it isn’t compatible with other software, easy to use, or doesn't display the data in a way that makes sense to you, so it's applicable, then it’s a loss.

Ease of Use

If you already have accounting software you trust, like Xero or Quickbooks online, Link My Books can connect to them in seconds, so all of your data is displayed in one place. The processes you already have set up don’t have to be thrown by the wayside just because you choose a bookkeeping software to make your life easier.

Compatibility

Link My Books software is easy to use and integrates smoothly with top e-commerce platforms, so it can quickly help you with all your Ebay, Etsy, Shopify, or Amazon bookkeeping needs. Using more than one of these channels, you can connect them all with Link My Books. You don’t have to pick and choose which sales channel to use when our software works with all of them.

Time Saver

Time is money, and this is especially true regarding your bookkeeping. If you’re worried about the downtime you’d need to switch from one system to another, you don’t have to sweat it. Link My Books' set up wizard takes barely fifteen minutes to work through, so you’re up and running in no time at all.

Modernizing Your Bookkeeping

Thousands of online sellers and top accountants trust Link My Books cloud bookkeeping software. We work everyday to make your life easier by automating mundane tasks, so you’re free to focus on what makes your business better. Start your free trial with Link My Books and modernize your cloud bookkeeping today.

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