The rise of the online community changed the way in which we do business forever.  It has brought us closer to people that can help with our day to day operations as well as backend business needs, enabling our businesses to run smoother and turn more profit. One of the key places that this has really made a difference for business owners is in bookkeeping. Bookkeeping is much like going to the dentist—no one really wants to take the time out to do it but neglecting the issue can lead to serious repercussions. For the most part, this is why business owners just want to hire someone to do it and not have to think about it themselves until March or April. From accounts receivable to checkbook reconciliation, outsource it all at a fraction of the cost of hiring an internal bookkeeper.

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The cloud: what is it and how did it all begin?

By QuickBooks UK

      

Once a mind-blowing concept, now part of everyday life, we look where the cloud began and what makes it so utterly indispensable to small businesses.

 

Once upon a time…

Back in the days when computers were so big they filled an entire room, someone had a brilliant idea. Why not make the power of a mainframe machine accessible to users of other terminals? That was 1950-something and the genius concept behind cloud computing was born.

 

Back to the Future

In the Sixties both skirts and computers got smaller and among the far-out thinking was JCR Licklider’s vision of an Intergalactic Computer Network. It was Licklider who predicted that computers would revolutionize communication (not just do a lot of really tricky sums).

 

The Seventies saw the birth of virtual machines – several computers operating in a single machine – and in the Eighties, the ZX81, Spectrum and BBC Microcomputer brought IT into ordinary homes. But back then, the idea of being able to watch any film or listen to any music ‘on demand’ still seemed like something out of a science fiction movie.

 

Send in the clouds

In 1997 the term ‘cloud computing’ was used for the first time. Two years later, Salesforce delivered both software and applications over the internet that could be accessed without being downloaded and there was no going back.

 

The real cloud revolution happened when Amazon joined the party a few years later with its Web Services (AWS), hosting its own content as well as giving other businesses a chance to build and operate without having to invest in their own hardware. Netflix and Dropbox both set up their online empires through AWS, but there were still some concerns about security and some banks and financial businesses took their time to get on board.

 

Onwards and upwards

As mobile phones got more powerful, tablets and touchscreen interfaces were developed and the idea of getting things done on the go became increasingly achievable. Meanwhile, bandwidth was getting cheaper and processing power was going from strength to strength making it more practical and profitable for providers of cloud storage services to get up and running.

Better encryption meant more confidence in security and the competitive advantages of moving to the cloud were becoming clear. Why invest large sums to buy software that will soon be out of date, when the latest version can be accessed as and when you need it for a fraction of the cost?

 

Simple solutions found in the cloud

Agility – it’s easier to grow your business when you can subscribe to software at the click of a button

Lower costs – no need to invest in bigger buildings or expensive infrastructure

Collaboration – secure data sharing makes working together a breeze

  • – automation cuts the number of time-intensive tasks and software updates are instant.

  • – automatic back up options vs storing everything on your desktop which is vulnerable to fire, flood and theft

 

These days as we binge-watch our favorite TV series, upload pics to Instagram and check our accounts online, it’s hard to imagine life before the cloud. An incredible idea conceived more than half a century ago is now part of our daily existence in and out of work.

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I am currently accepting new clients that recognize the value of keeping up with technology and the opportunities that are inherent in cloud bookkeeping to help grow their business or personal financial management. 

Please feel free to give me a call or drop me an email so that we can explore the benefits our working together.

Bob