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It is very important for small businesses to have an effective accounting system in place. The accounting needs of small businesses are far different from those of large companies. A large company will have a large team of accountants. For a small business this is not feasible and simply not needed.

Yet bookkeeping needs to be done! It is the cornerstone of any business. It is important to have an efficient bookkeeping system in place. Online accounting software is the cost effective solution.

A good package can be all you need to effectively maintain your accounts and allowing you to concentrate on the more pressing day to day business activities.

Cloud accounting packages are a lower cost accounting solution. It is efficient.  It is ideal for sole traders where there is little time on hand or accounting knowledge.

Online accounting systems cover the spectrum of essential accounting activities. It can make it very easy to log sales invoicing and expenses. There are fields which the program will prompt you to enter eliminating a lot of possible human error. VAT and income tax reporting, salaries and purchases invoicing all become so much easier through a user friendly online accounts system. Everything is a single click away. Data exporting is child’s play.

Security isn’t an issue with cloud accounting and using Big Red Cloud – any accountant can log on with any internet enabled device. It is just so much easier! All your accounts information is available with a click of a mouse. There are also no limits on the number of users who can log in to the system.

Having a qualit cloud accounting system helps you avoid many of the pitfalls that are in place from having irregular and ad hoc bookkeeping habits.  Surprises can easily pop up when a badly organised accounting system is in place. Online cloud accounting keeps everything easily accessible and has added functionality that traditional accounting tools, like spreadsheets and ledgers, lack.

Big Red Cloud offers an extremely user friendly accounting software package that will enable you to manage and maintain your purchases, invoicing and vat with just a couple of clicks. It will also produce a profit and loss, full trading and balance sheet.

One of the major differences between cloud accounting software and traditional software packages is that it is sold as a service rather than a product.  This means that a small business does not have to make one large upfront payment.  The cost of the online accounting system is far more manageable as it is on an ongoing basis.

A business is likely to wind up paying for upgrades to a traditional accounting software package anyway through the necessary upgrades and possible training costs that may be incurred. With online accounting software most of these costs are not your problem! The service provider must look after these issues including hardware failures or system incompatibility. This is a huge benefit for small businesses. It means they will not incur unexpected costs down the line.

Related: What can cloud do for your business?, Setting your startup up for success


Marc O'Dwyer

After completing a Graduate program in Marketing, Marc’s impressive sales career began at Allied Irish Banks, Pitney Bowes and Panasonic where he received numerous Irish and European sales performance awards and consistently exceeded targets and expectations. In 1992, Marc’s entrepreneurial spirit led him to set up his own business, Irish International Sales (IIS). Initially, this company was a reseller for Take 5 Accounts and Payroll software. Within four years, IIS became the largest reseller of Take 5 in Ireland, acquiring four other Take 5 resellers. He also found time to set up two mobile phone shops under the Cellular World brand and a web design company offering website design services for small businesses. In 2001, he bought the majority share in a small Irish software business, Big Red Book. At that time, the company was losing money. The company became profitable within two months, and Marc then acquired a payroll company to compliment Big Red Books Accounting products. In 2003, IIS were appointed as Channel Partners with SAP for their new SME product, SAP Business One. Marc sold his Take 5 business and concentrated on developing this new market for SAP As a result, by 2007, IIS was recognised as the largest Channel Partner for SAP in EMEA (Europe Middle East and Africa). In 2008, the IIS Sales Manager bought the Company from Marc in an MBO. He launched Big red cloud in June 2012, the online version of big red book, to date the company successfully converts 59% of trials into sales and the number of customers is growing rapidly. Marc continues to run both Big Red Book and Big Red Cloud which now support 75,000 businesses. He is a very keen sportsman, having played rugby for 20 years, represented Leinster at under 16 and under 20 levels, and league squash with Fitzwilliam Lawn Tennis Club for 10 years. Marc has competed in 11 Marathons, including the London and Boston Marathons, and has completed several Triathlons and Half Ironman races. He has also completed six Ironman Races in Austria(x2), Frankfurt (Germany), Nice (France) , Mallorca (Spain) and Copenhagen (Denmark)

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