athens university presentation g borchard
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Cloud Accountancy: Stormy Weather or
Plain Sailing?Gregory Borchard
Director, MCB Accounting, Australia
Athens University of Economics and BusinessTuesday 17th June 2014
Background
Cloud Accounting Trends
Cloud Accounting Pioneers
• Xero (284K subscribers at 31 March 2014. Currently 300K) Commenced operations 2008
• FreshBooks (5 million subscribers). Commenced operations January 2003
• Saasu
Popular traditional desktop providers now
providing cloud offerings:
• MYOB• Reckon• QuickBooks
Pros and Cons
Advantages• Basic computer requirements• Mobility• Different platforms• Security• Loss or theft of devices does not mean loss of data
• Automatic backup• Simplicity for small business;• Bank feeds
Disadvantages• Internet connection required• Security• Stickiness
Let’s take a look…..
Let’s take a look…..
Let’s take a look…..
Let’s take a look…..
Training.
Reliable internet
Accountant setup
required
Don't abrogate
responsibility
Managing the process
Questions?
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