BDO S CLOUD ACCOUNTING SOLUTIONS Another helping hand to grow your business START

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1 BDO S CLOUD ACCOUNTING SOLUTIONS Another helping hand to grow your business START

2 WHY MOVE TO THE CLOUD? MANAGE CASH FLOW Cloud accounting lets you focus on the big picture and have more time to plan future direction using the information you have at your fingertips to validate decisions. Moving to the cloud enables you to: Automate time consuming, but important compliance tasks Focus on growing your business Get real time access to your financial data anytime, anywhere Collaborate with your accountant to make real time, commercial decisions. SAVE TIME STAY COMPLIANT GROW YOUR BUSINESS BDO S CLOUD ACCOUNTING SOLUTIONS 2

3 WHAT ARE THE BENEFITS FOR YOU? UP-TO-DATE Stay compliant with the latest tax rates COLLABORATIVE Look at the same information as your accountants MANAGEMENT REPORTING Real time management reporting EASY TO ACCESS Via smartphone, tablet, laptop or desktop SECURE Internet banking level security SAVES TIME Automated links to bank accounts and credit cards ADD ONS Streamline business processes BDO S CLOUD ACCOUNTING SOLUTIONS 3

4 HOW SECURE IS YOUR DATA? Cloud accounting software providers use internet banking level security to store your data online. Online backup ensures you won t lose your data even if your PC, laptop or tablet gets lost or stolen. External access to Xero servers is controlled by multiple layers of firewalls, intrusion protection systems and routers. Xero s security is regularly reviewed and audited by external specialists, giving independent confirmation that the software is secure. MYOB uses Microsoft s Azure cloud to house data. The Azure cloud has been certified by the Department of Defence in the US which means that the Department of Defence, Homeland Security, and the US General Services Administration have all deemed the Azure cloud to be safe from external hackers. BDO S CLOUD ACCOUNTING SOLUTIONS 4

5 The beauty of this system is that it has the tracking ability to see where we re at in real time. Now myself, the business owner and our accountants at BDO can access our data 24/7. We re now a lot closer to our accountants at BDO they ve gained a better understanding of our business and how it works. SEAN CONNORS, CEO OF HARCOURTS SHEPPARD PROPERTY WHAT ARE BDO S CLIENTS SAYING? We switched to Xero in July 2014, after three months of running both systems in parallel. BDO helped us with the conversion balances and all the other high-end accounting pieces. It went very smoothly. DANIEL CHALMERS, MARKWELL MARINE & COMMUNICATION BDO S CLOUD ACCOUNTING SOLUTIONS 5

6 HOW TO CHOOSE THE RIGHT CLOUD ACCOUNTING PLATFORM FOR YOUR BUSINESS? We ll give you a helping hand to decide on a cloud accounting solution that best meets your needs. We have national agreements with three of the leading cloud accounting providers: These partnerships allow us to offer our clients excellent discounts on subscriptions. BDO S CLOUD ACCOUNTING SOLUTIONS 6

7 HOW DO YOU TRANSITION TO THE CLOUD? Once we ve given you a helping hand to implement the right cloud accounting solution for your needs, we can then work with you to leverage the power of the real time data to provide you with advisory services that achieve your growth objectives. And the best bit - there is no need for an accountant to visit you. Advice on your business needs can be provided to you online anytime anywhere. Understand your needs Select the right cloud solution based on your needs Support in migrating you to the cloud Leverage the data to help grow your business BDO S CLOUD ACCOUNTING SOLUTIONS 7

8 NEW SOUTH WALES NORTHERN TERRITORY QUEENSLAND SOUTH AUSTRALIA TASMANIA VICTORIA WESTERN AUSTRALIA Distinctively different it s how we see you AUDIT TAX ADVISORY This publication has been carefully prepared, but it has been written in general terms and should be seen as broad guidance only. The publication cannot be relied upon to cover specific situations and you should not act, or refrain from acting, upon the information contained therein without obtaining specific professional advice. Please contact the BDO member firms in Australia to discuss these matters in the context of your particular circumstances. BDO Australia Ltd and each BDO member firm in Australia, their partners and/or directors, employees and agents do not accept or assume any liability or duty of care for any loss arising from any action taken or not taken by anyone in reliance on the information in this publication or for any decision based on it. BDO refers to one or more of the independent member firms of BDO International Ltd, a UK company limited by guarantee. Each BDO member firm in Australia is a separate legal entity and has no liability for another entity s acts and omissions. Liability limited by a scheme approved under Professional Standards Legislation other than for the acts or omissions of financial services licensees. BDO is the brand name for the BDO network and for each of the BDO member firms BDO Australia Ltd. All rights reserved.

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