5 Advantages of Using a Cloud Based Accounting Project Management Software

Cloud computing is an essential technology that can benefit every business. In the past, only large corporations could afford this type of technology, but thanks to innovative products through the cloud, you now get the chance to compete on a global scale. Pair that with your project management software, and you create a versatile platform where you can efficiently access and map your project information, and share that information in real time. 

As a team of accountant technology partners that you can depend on, we are happy to share with you how a cloud based accounting project management software can change the way you do business.

You may be interested in: 9 Best Accounting Project Management Software for Small & Mid Sized Accounting Firms

5 Advantages of Cloud Based Accounting Project Management Software

Here are some benefits that will convince you to incorporate it into your small business:

1. It is easily accessible

One of the best things about cloud-based programs is that you can access your data easily anytime, anywhere, and from any device as long as you are connected to the internet. With that, you can get work done whether you are on your desktop in the comfort of your home or office, on your laptop while sipping your favorite smoothie at the beach, or on your phone while you’re waiting in line somewhere.

You may be interested in Project Management for Accountants.

2. It has lower upfront costs

Running an accounting or bookkeeping firm with a limited budget is not a hindrance to getting access to high-end software used by big companies. You can choose a plan that only requires smaller fees for a longer duration. That way, you can easily afford software and program packages that you need to grow your business without breaking your bank.

3. It offers automated software updates

If your firm does not have an in-house IT team, you don’t have to worry as long as you utilize cloud computing.  Your cloud software provider can take care of the software updates. The software automatically updates, which means you don’t need to pay someone to do it or worry about getting stuck using an old version of the software.

4. It backs up your data in real-time

Cyber threats evolve faster than you think. That is why information security should always be your top priority, and the critical data of your business should be secured at all times. 

There is no better way to store and protect your data against security breaches than with cloud computing. By storing your project information in the cloud, you are assured that it is being backed up in real-time. Therefore, you can have peace of mind, knowing that you won’t lose traction in case a problem does occur. No one needs to waste time remapping project tasks.

5. It helps you save money

The growth of any firm relies on efficiency. Did you know only 26% of employees understand how their individual work contributes to company goals? If project steps are forgotten or fall behind, you might as well say you are leaving money on the table.

Utilizing project management software in your firm is cost-effective as well; not only will you reduce cost inefficiencies but you can also reduce the need for costly in-house IT departments to manage desktop software. By streamlining your day-to-day tasks, you can spend more time and money on other aspects of your business.


Cloud-based Accounting Project Management Software gives your business the opportunity to compete globally by providing you with high-level software solutions. Since updates are automated, you can minimize your costs.

Also, with features that allow you to access the status of a project anytime, anywhere, you and your team can collaborate and communicate more, helping your team get work done more effectively and efficiently.  

If you need an experienced team who can help your firm get started on cloud based accounting project management software, then you can count on us. We provide the strategy and technology that accounting and bookkeeping firms need to grow their business.

By Shahram Zarshenas

Laying the foundation to scale your firm is tough. You have to document your workflows, establish collaboration channels for your team, and implement the right tech to overcome the challenges you will face as you.

Shahram Zarshenas has helped thousands of accounting firms overcome these challenges. He is the CEO of Financial Cents, an easy-to-use practice management software built to help accounting firms track the status of client work, collaborate with their team, and get work done.