How We Work: Step-by-step Workflow

• You can see the checklist of data needed and upload accordingly, track the schedule of delivery, all the queries (if posted via the dashboard) as well as the final results. 
• You can drill down to any specific transaction, avail an online updated status 24/7, pull out more reports like debtors, creditors, cash flow etc. as per need etc. We can also customize the Tally on your mobile phone so that you get the latest updates on the go.
• Any update will trigger an instant notification to both of us. The beauty of this facility is that we get to avoid tons of back and forth email communication resulting in a speedy and timely delivery. 

Benefits of Cloud Accounting

Better security, regular backups, ease of access, cost friendly and scalability are some of

the benefits that cloud accounting has to offer. Let us offer you some more:

1. Accessibility: Cloud accounting benefits your business by having access to the entire database 24/7, at any location and at any given time. You can simply log in to your account from the browser of your desktop or mobile app, and access the financial records. 
2. Security: Cloud-based accounting comes with a more solid security structure than traditional accounting. The data is secured over a cloud providing much more security than data in your office.
3. Collaboration: It is often a mind-numbing task to decide which software is best to use when multiple people are collaborating. If the business has a presence in more than one city and/or country, then how can concerned people come together effectively and contribute? With cloud accounting software, the task of collaboration becomes much easier and feasible. You will not ever be needed to keep sending backups to the head office neither to the auditors, consultants and employees. You can provide restricted access to the people concerned, and everyone can come together for a more effective and real-time collaboration. 
4. Cost efficient: Cloud accounting is very much cost-friendly. Once you employ the services of the cloud software, you can say goodbye to server set-ups, hardware costs, IT team, infrastructure etc. 
5. Time efficient: Cloud accounting software also saves a ton of your time by having multiple tasks automated. For example, you can automate the employees’ salaries as well as the invoices of every transaction. Because of the enormous benefit of the automation facility, the businesses end up saving a lot of time.
6. Scalability: One of the biggest benefits of cloud-based accounting software is the scalability. You can customize the software solutions as per your needs and run the business more efficiently. 
7. No installation: Switching to cloud-based accounting software solutions does not require you to install a specific software/app separately on each desktop. You can access the database whenever you want just by opening the browser and logging in to your account. 
8. Real-time cloud accounting: Real-time accounting is the real deal-breaker benefit that gets the businesses very much interested in shifting to cloud accounting. You no longer wait for someone else to send you the report or data. You can access it yourself anytime, anywhere with no hassle and waiting period involved.
9. Speed and efficiency: Cloud-based accounting solutions naturally come with speed and efficiency, but this isn’t the case with every accounting system. With Maxigain Capital, you get the promise of speed and efficiency, so that your tasks get done timely and in real-time with high quality solutions. Gone are the days when you had to ask others to provide you the data and records. Say hello to the cloud world where you get everyone on-board and meet your deadlines and needs effectively. Contact us today to fulfill your cloud-based accounting services needs with the best minds in the industry
10. Brings everyone together: When everyone has access to a storage space on a cloud – employees, clients, administration, dealers – (literally everyone!)  then they can work together bringing a holistic and wholesome approach to the work. When everyone is together, the list of concerns, ideas and feedback get handled on-spot. 

Cloud Accounting v/s Traditional In-house Accounting

Let’s get the definitions sorted out first.

Cloud accounting is a cloud-based storage server which can be accessed 24/7 by anyone and any time whereas traditional in-house accounting is the software accounting solution installed in each desktop/laptop at work.

5 Reasons Your Company Must Utilize Cloud Accounting

With more and more businesses opting for cloud accounting, it is clear that the cloud server has a lot of potential. To avoid errors and practice healthy financial regimes, here are a few reasons why your company should also join the list of cloud-loving-businesses:

1. Economic and easy operation: Cloud accounting is cheaper to use and easy to operate.  With on-premises alternatives, you have to buy the hardware and VPN software (or any other middleware, if need be) along with worrying about keeping the records maintained and updated. With cloud-based accounting, you get to avoid all of it.
2. Fixed cost: SaaS, for example, is a cloud-based accounting software which comes with a bunch of features at a set cost. So, if your company is using this software, you will know the cost ahead of time.
3. Selection and Customization: Cloud-based accounting software typically comes with pre-set pricing or packages. All you have to do is browse and select. You can also customize it as per your business’ needs.
4. Real-time Data: Cloud based accounting systems are accessible 24/7, 365 days a year. Everyone in the company can get the required information at any point of time. Everyone in the company can get access to these and much more information. Cloud-based solutions are available for every imaginable operation and they can work as the foundation for your business on the cloud.
5. Enhance business growth: Entire data on cloud is stored on a remote server which makes it more safe and secure. Also, the data is backed up constantly. So, if by the stroke of a tragedy, one business center goes through the loss of data, the other center can still run smoothly. This promises substantial and uninterrupted business growth.
   

How Cloud Accounting Works

Why Maxigain Capital for Your Cloud Accounting Solutions?

• Clean and instant communication through Tally software: We use Tally software to make the process simpler, easier and quicker. You can simply login to your account on our website and observe the progress of our work. You can also observe and upload the list of documents, zoom in on a specific transaction, retrieve detailed reports on creditors, debtors etc. and much more. Through online Tally access to your dashboard, the communication is clean and instant.
• Instant and automated notifications: Notifications on any update are instant and automated. You no longer have to go through the painful process of tons of email communications.
• Affordable and dependable: Our accounting solutions are customizable, cost-friendly and dependable. We understand how money works. That is why we make it work for you!
• Proven results: We have a database of happy and satisfied clients. As much as we believe in initiating a new alliance, we also believe in maintaining the existing ones. Our team of experts and executives are always a call or message away to solve all your queries/dilemmas.
• Constant backup: Once you hire us, we handhold you throughout the entire process until you get the desired results. Whether it is taking a business loan, filing ITR or developing customized cloud accounting solutions, you have 24/7 backup of our team of experts and executives.
• Avoid last-minute rush: Last-minute rushes are the worst, but that is not something to worry about when you are hiring Maxigain Capital! We take pride in our due diligence, and ensure on-time deliveries, real-time information, economic solutions to own and operate along with designing the top-notch data security. What’s more? We save you the last-minutes so that you can focus on other business essentials.
  

Glossary

1. App: Apps or applications are third-party solutions integrated with your cloud accounting portal. They perform various business activities such as automating payments, generating cash flow forecast, managing inventory etc.
2. App Stack: A suite of systematically selected apps for your business
3. Bank feed: The direct integration of your internet banking with the cloud accounting portal that allows you an easy access to the banking data
4. Cloud reporting: Real-time reporting and business intelligence provided by dashboard and reporting apps
5. Cloud server: The online computer server with all your financial data. It is off-site, and secured by an external specialist company. 
6. Debtor tracking: The process of keeping track of unpaid invoices (something that can be automated with specific apps)