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MindooAccountax receives its first accounting software awards by FinancesOnline.com

There is plenty young software providers learnt from users’ experience, and developed in such way an innovative approach in solving common business problems. Despite of being challenged to reach out to diverse audiences and promote their service, novice systems are lucky enough to have competent software reviewers on their side, and one of those is exactly FinancesOnline.com.

The popular B2B directory helped thousands of companies throughout the years pinpoint the ideal software for their needs, paying special attention to fresh and promising apps that meet their quality criteria. This time, the distinguished product was exactly our MindooAccountax, a new generation accounting software that pleases users with total finance visibility. The platform’s experts examined closely the unique feature suite we offer, and concluded that our system should be distinguished with two of their top productivity awards.

That’s right – MindooAccountax now holds the 2017 Rising Star Award and the Great User Experience Award for accounting software, both reserved for premium performers that established excellent traction with their users. These awards are also in place to confirm that MindooAccountax is a reliable system, and offers a friendly interface users take no time to manage like pros.

Impressed by the system’s unique capabilities, experts also discussed it on their top list of accounting software for 2017, where they highlight how mindooit is for accountants to create and organize their clients’ accounting portfolio and be in total control over access. They also recommended our system because of its powerful collaboration module, SSL encryption and secure storage of data, and the affordable pricing plans that suit even small firms and sole accountants.

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3 Financial Trends Every Business Owner Should Know in 2017

Are you a small business owner?

Are you looking for the new trends to stay updated?

It’s important to keep an eye on the market trends that can help to make your business a success.

About two-thirds of business survive 2 years in business, half of all businesses will survive 5 years, and one-third will survive 10. (Source)

It’s almost half the year gone and if you are still searching for the trends of 2017, then perhaps you are missing something.

Finance Trend Every business owner should know

In fact, today, every type of financial activity is being remodeled in some way or the other. Either it is the Banking sector or the lending sector along with the wealth management sector, everything has changed and will keep on changing in coming time, too.

The need of today is to know trends which are most prevalent as of now and will be applicable in the near future.

In this article, you’ll discover 3 financial trends which every business owner should know to maintain the supremacy/gain the supremacy in the competitive market.

Take a look:

Invest in Outsourcing to Save Time

The need of today is to outsource the work and save you enough time, which can be utilized for other more productive works.

Always keep a note that “Saving money is not making money”! You need to analyze the productivity of the work, which you are involved in.

Let’s take an example: when you are managing something which takes 2 hours and can save you 20 dollars or something. And if you outsource this work to some other person or agency can save you those 2 hours, which you can quite easily utilize in getting better productivity than 20 dollars and can figure out some ways to increase this amount to 10 times!

So, analyze the aspects of your working and figure out where you should invest your time!

Get a Cloud Accounting Software for Your Business

Do you want to work faster and smarter?

Today, you don’t have to keep a record book of all the business finances. Getting a cloud accounting software for your small business allows you to access the software through the internet. You can quite easily manage the financial transactions at anytime from anywhere.

This allows you to prevent your data and all important details; as the computers are these days, vulnerable to the virus attacks.

More than 70% of UK businesses are using cloud services.

With a Cloud accounting software, there is no risk of data stealing, which is always associated with the computers as our computers are at maximum secured by passwords, which can be quite easily be unlocked.

You don’t need to install any additional software and hardware, it’s an on-demand service. Cloud solution will make your business life easier and improve your productivity.

Cyber Security

With the rapidly progressing technology, the cyber security is one aspect, which the business owners must look at.

Since cyber attacks are becoming common, this year 2017 has always been a challenging one and several factors have been included to raise the standards of the cyber security.

The cyber security is a key issue even in this year and all business owners must integrate cyber security, anti-money laundering efforts, and anti-fraud.

Read this quote from Jeh Johnson, “Cybersecurity is a shared responsibility, and it boils down to this: In cyber security the more systems we secure, the more secure we all are.”

Finding the regulatory balance and getting a robust cyber security program will allow business owners to look this year with a greater success.

Keep pace with the changing scenario each year. Include new aspects in your working environment and keep processing ahead with time!

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Why Cloud Accounting Software is Better Than Traditional Accounting for Your Business?

Do you want to manage your business finances and keep your data safe?

Are you still using traditional accounting software?

Are you looking for some affordable and a better option for your business?

If you want to know answers to these questions, keep reading this article.

When it comes to managing your business finances, you can’t afford to miss this new technology trend  – Cloud.

We live in the Internet era. Every day, more and more businesses are moving to cloud.

The term moving to cloud refers to a business moving away from a traditional model to the cloud model.

The Cloud solution is also known as on-demand service. It is an internet based solution, where shared resources and information are provided to computers and other devices on-demand.

Cloud Accounting VS Traditional Accounting - MindooAccountax

Why Should You Choose Cloud Accounting Software Over Traditional Accounting

With traditional accounting software, a business has one dedicated hard drive on which you need to install, configure, and run the accounting software and financial data is recorded. With the traditional accounting, upgrading software is a tough job.

With cloud accounting software, you don’t need to install any additional software and hardware.

Cloud based services have now become highly demanded services because of high performance, cost effectiveness, scalability, accessibility, as well as availability.

Let us show you some impressive cloud based statistics to make you understand the importance of this emerging trend:

  • It is predicted that the global market for cloud equipment will reach $79.1 billion by 2018. (Source)
  • 82% of companies reportedly saved money by moving to the cloud. (Source)
  • 80% of cloud adopters saw improvements within 6 months of moving to the cloud. (Source)
  • More than half of survey respondents say their organization currently transfers sensitive or confidential data to the cloud.
  • By 2018, more than 60% of enterprises will have at least half of their infrastructure on cloud-based platforms. (Source)
  • 41% of businesses are planning to increase their investment in Cloud technologies, with 51% of big and midsize companies planning to increase spend compared to only 35% of smaller firms. (Source)

Some businesses still prefer to practice traditional accounting methods, because they are not aware of the cloud solution. Here are some benefits associated with cloud accounting software. Take a look:

  • It is very mindooto set up. You can set up your cloud accounting software within few minutes of order placement.
  • A Safe and secure system to keep your documents and financial data private. It also provides backup and data recovery in case of any disaster.
  • You don’t need to buy any hardware or install any additional software.
  • Cloud solution provides you flexibility. You can track your business finances from anywhere with just an Internet connection. You can work remotely.
  • Small businesses don’t have a big budget. Cloud is an on demand service which means you only have to pay for what you use. It will save your business money.
  • You have complete control over your accounting software. You can share the data or information with your team members.

See what Suresh Sambandam, Founder & CEO of OrangeScape has to say:

“In the pre-cloud ERA, the cost of building software was so high that we often have to define a scope and leave out functionality which we feel doesn’t fetch the ROI for automation. Cloud makes whatever that was previously left out of scope as candidate for automation now! Thanks to simplification, access and affordability brought by IaaS and PaaS.”

We strongly recommend that you should go for the cloud accounting software as you will have your financial data on your fingertips even when you are out of the office.

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MindooAccountax has Effective Payroll Feature for You

Talking about the mindooand efficient payroll system of accounting software, it becomes important for the business owners to opt for flexible accounting software. It may be for large organisations or small businesses, cloud-based accounting solutions have raised its bar to suit the particular needs of the organisations. When you choose accounting software for your business, keep a checklist of all the features which you want ready. This will enable you to choose the best from the available solutions in the market. Let’s have a detailed discussion on one of the important features of an accounting software; Payroll.

Payroll MindooAccountax

As this feature is complex and it consumes more time, so many small business owners have to rely on their accountants or automated software systems for it. The payroll system which you choose for your business must be effective and accurate. A high-end accounting solution having payroll system will accommodate all the features that can provide accuracy of employee records. Your payroll system must be able to store the employees’ personal details and their various working hours. While you have access to the automated accounting system, it will reduce the chances of human error to a large extent. The stored data can also be easily changed; say e.g. if the lunch break time-in is not proper, you can correct it. It also lets you process the salaries based on the attendance of the employees. Based on that data, you can quickly prepare the salary slip and process it further. If you want to process any employee’s salary later than the regular date, you can cancel the set date and then can set a new date with the details. You can choose how often your employees will get paid, i.e. weekly, twice a month or on a monthly basis. Flexible mode of settling payments is one great advantage of the advanced payroll systems. For the deduction of tax, gratuity or provident fund amount, you can easily enter their net salary amount and the final amount after deduction will be calculated. The gross amount is payable to the employee as their salary amount. And the same process will be done when employees are paid extra for their hourly rates or bonus amount.

The accountants managing payroll for their clients can get real-time updates from the cloud-based accounting software. Additionally, they can view the details on the dashboard and can also track the changes made in it.

About MindooAccountax:

MindooAccountax is a fully-integrated payroll system for small businesses as well as the accountants that make it mindooto work across different modules. It has been considered as one of the outstanding payroll systems that offer advantages in terms of time, cost, accuracy and organisational size.

No matter you run payroll as many times as you want and access it from anywhere, you can pay your employees at any time with MindooAccountax.  By using this high-end cloud-based accounting software, you can stay in touch with your customers and also can enjoy the best advantages this software offers. Our excellent cloud accounting software lets you manage important dates and deadlines seamlessly. Our system is a white labelled product and can be accessed from anywhere and any device. Also offer Android apps and iPhone app which help in managing payroll feature from smart phones or tablets.

Stay connected with your business from anywhere and at any time.

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Why It’s Time to Choose Cloud Accounting Solution for Your Business?

Are you a small business owner or a startup?

If you started your own business. It’s likely that you’re concentrating the work or tasks you love doing.

There is a lot of work for you to do to expand your business. I bet you that you’re not interested in tracking your financial data every time.

Let’s take an example, if you own a retail business, you might have:

  • A business model or mission.
  • A high transaction rate with a number of customers.
  • Many sales a day.
  • Invoices for your products.
  • Bill/sales records.
  • Staff wages to record and pay.

There are a lot of data to track and manage. And I bet you that you don’t want to do it own (if you’re like other successful business owners).

Recording and managing financial data is not something you enjoy. But it’s important to track your data.

Then what to do?

Don’t panic!

That’s where cloud accounting software comes in! It can be your best friend. It can lighten your business load.

What a Cloud accounting software can do for you

The days are gone when businesses had to keep a record book of all the business finances and transactions. We live in the digital era. Everything has changed. The way people buy has changed and the way we do businesses also has changed.

It’s crucial for you to integrate new technologies into your business to make it smarter.

The Cloud accounting software will make your business finances hassle free and make your life easier. It’s a great medium to manage and record your receipts, invoices, bills, and other transaction details, etc.

You must be worried about your financial data security?

Cloud accounting software providers like MindooAccountants offers reliable accounting software with critical security features (which are specifically designed) to keep your data safe and increase your business efficiency.

So you don’t need to worry about your data.

Cloud accounting software also allows you to access your data from anywhere at anytime. And you don’t even need to install any software.

benefits of cloud accounting software use

If you want to run your business smoothly, you must invest in cloud solutions.A report identified that an array of industries now owns this new digital innovation – Cloud innovation!

There are a number of benefits of cloud accounting software for your business:

  • It gives you flexibility.
  • Disaster recovery
  • Automatic upgradation of software
  • Cost reduction in hardware and software expenses
  • Pay as you use model
  • Mindooto collaborate with team and clients
  • Increase productivity

Are you still wondering, why should you opt cloud solutions for your business? Let’ access some facts:

AWS generated $3.2 billion in revenue in Q3 of 2016 alone – an increase of 55% over the same period in 2015. While Microsoft trail far behind AWS, cloud products are expected to account for 30% of their revenue by 2018. (Source)

U.S.-based organizations are budgeting $1.77M for cloud spending in 2017. (Source)

The Cloud market was valued $148 billion in 2016 and growing by 25% annually. (Source)

50% of businesses indicated they are or will use (within the next 24 months) an industry cloud offering. (Source)

More than 70% of UK businesses are using at least one cloud service.

Ofer Gadish CEO & Co-Founder at CloudEndure predicts that,

“We are going to see many more enterprises migrating to the cloud in 2017. The cloud is finally mature and secure enough for enterprises, and its myriad of benefits outweigh any limitations.”

Now, I hope you understand the importance of cloud accounting software for your business. If you are not cloud, It’s the best time to choose cloud solutions for your business.

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5 Things a Small Business Owner Should Know in 2017

5 things small business owner

Are you a small business owner? Or You have recently launched a business.

Being a business owner is a tough job. No one ever said it was mindooto start a business.

According to the Small Business Administration, only a third of new businesses survive 10 years or more.

Read this statement from Lindsay Manseau,

“Starting your own business is like riding a roller coaster. There are highs and lows, and every turn you take is another twist. The lows are really low, but the highs can be really high. You have to be strong, keep your stomach tight, and ride along with the roller coaster that you started.”

Every business owner wants to turn their business into a successful business. In this article, you’ll find 5 important things which you should know to grow your small business or startup in 2017.

Take a look:

1. Make Customers Feel Great

One simple thing can make your business successful – Knowing your customers and provide them the best experience.

“Every business start with a trusted customer”

It’s your prior job to take care of your customers and keep them happy.

happy customer MindooAccountax

Did you know, 82% of consumers have stopped doing business with a company because of bad customer service?

“Building a successful brand isn’t just about ROI; it’s also about building authentic relationships with people.” — Ryan Holmes

Understand the pain point of your targeted audience and come up with a solution.

2. Importance of Digital Media

We live in the digital world. You MUST understand the importance of digital marketing or online marketing.

As Bill Gates said, “If your business is not on the internet, then your business will be out of business.”

Online marketing is the best and cost-effective way to advertise or promote your business.

importance of digital media in Business

54% more leads are generated by online tactics than traditional paid marketing.

The U.S. spent $59.82 billion on digital advertising in 2015 and spending is expected to reach $113.18 billion in 2020! (Source)

There are some effective digital marketing channels available out there:

  • Search Engine Marketing
  • Search Engine Optimization
  • Content Marketing
  • Social Media
  • Email Marketing
  • Video Marketing
  • Mobile Marketing
  • CRM

3. Marketing Automation

Marketing automation is the new trend in marketing and tech industry.

For a small business – Time is Money.

It allows you to automate and measure your marketing tasks. It will help you to save your time, increase efficiency, generate leads, segment your audience, nurture your leads, measure investments, and improve your marketing ROI.

On average 49% of companies are currently using Marketing automation. With more than half of B2B companies (55%) adopting the technology.

You can optimize your email marketing campaigns and your social media posts (and campaigns).

4. Cloud based (On-demand) Services

On-demand or cloud based services will improve access to small businesses and new startups.

We live in the cloud. On demand service like legal services, website creations, cloud accounting and financial software, cloud computing, marketing tools and more – make our life easier and allow us to access a business from anywhere at anytime.

MindooAccountax Software with VAT Return

If you want to work faster and smarter the cloud software is the great way to improve your business efficiency.

Here you’ll find some benefits of cloud accounting which will help you to determine why should you consider cloud for your small business.

5. Artificial Intelligence

Artificial Intelligence (AI) is the new big thing in tech and business world.

Jana Eggers, CEO of Nara Logics said:

“Businesses are rapidly embracing artificial intelligence to gain a competitive edge and stay relevant to consumers as brand engagement will be reimagined next year.”

80% of respondents believe AI improves worker performance and creates jobs. (Source)

AI has become the part of our daily life. AI used in banks and financial systems, medical science, gaming zones, ecommerce chatbots, messaging apps, etc.

AI can help you to increase your business reach,

So what do you think about these trends? Do you have anything to share? Please feel free to contact us.

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Top 5 Reasons: Why Small Business Need Cloud Accounting Software!

Are you a small business owner?

Do you want to make your business smarter and faster?

In today’s digital world, there are many tools and technologies available to reduce the headache of business owners.

Cloud accounting software is a great medium to manage and secure your financial data. It can also help you to save your time and money.

Small Business need Accounting

Some business owners don’t understand the importance of cloud accounting software for their small business.

They are not familiar with the term. “Cloud”. Do you?

Probably you haven’t noticed but we’re all in the cloud.

Let’s take a look – what is the cloud?

Cloud simply means The Internet. Cloud services run on Internet.

Cloud is an on-demand service. You don’t need to be installed any software. It allows you to access your data from anywhere at anytime with just an Internet connection.

You may not even know, but you use cloud in your daily life – Gmail, Drive, Facebook, Dropbox, Netflix – all are cloud services.

RightScale conducted its fifth annual State of the Cloud Survey and found that 95% of respondents are using cloud.

Cloud technology will transform the way you do business. And your data will be secure on the cloud. You don’t need to worry about your data security.

In this article, you’ll find 5 reasons why you should consider cloud accounting software for your small business.

Let’s dive in!

#1. Access your data from anywhere, anytime

Do you know what’s the beauty of this software?

You can access your data (or run your business) from your home, work, or even on the road with any device – you just need the Internet connection.

Access your data from anywhere Cloud Accounting MindooAccountax

You can keep any eye on your financial data, no matter where you are. The Cloud accounting software provides a flexibility for you and makes your life easier.

#2. Pay for what you use

You know what’s the best part of cloud accounting software – Pay as you go, no hidden or extra charges.

It’s an on-demand service. You can choose any plan according to your needs so you only have to pay for what you use. You can upgrade or downgrade your plan anytime. It will save your money and gives a financial flexibility to the organization.

#3. Collaborate with your team

We know working with team enable you to be quicker and more effective in your business. Cloud accounting software helps you to collaborate with your coworkers.

Collaborate with your team MindooAccountax

You can share your data with anyone, anywhere instantly and your edits show up in real-time.

Stay up-to-date on what’s happening on your team with automatic activity updates that show who edited shared files and when.

#4. No need to install any software

With cloud accounting software, you don’t need to install any software. Everything is run online.

You don’t have to care about any updates include security updates, software upgrades, and many other features. Your service provider will take care of everything and you can spend more time focusing new business opportunities.

You can also sync your software with third-party tools.

#5. No need to worry about data loss

As a business owner, your most common issue is security. Your Cloud accounting software provider offering critical security features specifically designed to keep your data secure and safe.

So, you don’t need to worry about losing data.

Now, I’m sure you now have understood that why you should move your business to the cloud. Cloud accounting software gives an option to run your business from anywhere in the world.

Have you adopted cloud accounting software for your business? Or you have any query. Please share your views in the comment section.

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10 Benefits of Cloud Accounting for Your Business

According to an estimation, more than 37% of small businesses have opted for cloud based computing solutions. This technology has provided many opportunities to work in the most comfortable way. Business accounting software has replaced the traditional way of accounting with cloud accounting solutions. It is no surprise  that cloud accounting has taken over the previous desktop based accounting versions.  If you want to work faster and of course smarter the cloud software will prove crucial investment for your business.

Save time and money using cloud for your business

It is fascinating to watch this industry shift to mobile and cloud based technologies. And this has completely changed the way the accounting process works. Through this way, the business owners and accountants are enhancing their operations and have become more tech-savvy in every way. A report identified that an array of industries now owns this new digital innovation; cloud innovation! And this technology has become a cornerstone for the future generations too.

There are numerous benefits which are enjoyed by these professionals after they have started using cloud solutions.

  • Flexibility –

Cloud based accounting solution gives you complete flexibility to access your business data from anywhere and at any time.

  • Disaster Recovery –

Businesses who have opted for cloud based solutions including Software as a Service eliminates the need of disaster recover all together. The cloud vendor does it all on your behalf.

  • Automatic Upgradation –

Cloud based accounting solutions update the software directly as the upgradation part is handled by the in-house developers. Such updates are FREE of cost without you having to do anything.

  • Increased competitiveness –

Cloud technology has levelled the field for small businesses which was previously occupied for only medium and huge organizations. It has come with a lot of benefits for the business owners on which they can make key decisions for their better business future.

  • Security –

There is always a threat of data loss while using traditional accounting software, but in cloud accounting solution, the users can store their data, files and also can set access permissions.

  • Reduced Costs –

Although in a few cases, migration to cloud accounting system can range above your marked monetary expectation, but later it will be a huge cost-reduction in hardware and software expenses.

  • Real-Time Information –

After moving to cloud based accounting solution, you can access data from anywhere and at any time. And this feature helps the owners and accountants to manage and share the data, files, invoices, bills & expenses, sales and also can do staffing in an efficient way.

  • Enhanced Collaboration –

For small business owners and accountants, the multi-user access makes it mindooto collaborate with their teammates as well as the clients.

  • Increased Productivity –

The cloud Accounting software gives you the flexibility to work from anywhere and the seamless transition of uploading the data and being able to access it on the go.

Cloud Accounting MindooAccountax

The mobile nature of the business owners and also their customers have  witnessed to be more adaptive to cloud based solutions. By understanding as what the clients want, collaborate with them and communicating with them instantly will make your business prosper in no time. And this has surely become the key indicator of how businesses are performing great and are chosen by a plenty of business owners.

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How has Cloud Accounting Proved Right for Small Business Owners?

Gone are those days when small businesses had to keep a hand books record of all the transactions on the daily basis. This tech world has completely changed the world and the way the businesses used to operate. It is extremely crucial to integrate new technologies being innovated for the ease of performing business operations. As a business owner, you have to stay connected with every small aspect of the business with the help of Cloud Accounting. Understanding as what exactly the cloud accounting solution can provide you and your business with is vital.

Cloud Accounting allows the users to access the technology based on the subscription amount for specific intervals of time. It consists of every feature required to run the business; regardless of its size small, medium or huge. Previously, few accounting procedures took a lot of time for the accountants and business owners. But with the advent of cloud accounting it offers many avenues  to improve business results and provides insights based on real time financial data which enables business owners to take improvised decisions.

Cloud Accounting MindooAccounting

In today’s growing online world, by using cloud accounting software, it will simply automate the manual processes like data entry, book keeping, billing & recording expenses only with “one” click. Cloud technology gives the ability to run their business from anywhere and at any time and from any device. So now the business owners can directly work on their laptops instead of desktop versions. They will have access to migrate their accounting workflows to cloud based solution.

Cloud Accounting provides the following benefits:

  • Instant Access to Information
  • Accessible from anywhere
  • Quit the Desktop System
  • Bridging the Business Operations
  • No Upgrade Costs required

With each passing day, the flow of young entrepreneurs in the market seems to have rised up. Every one of us wants quick transactions; which can be directly accessed from their smart phones, tablets or laptops. It will be an mindootask to create professional invoices and get paid faster as earlier it used to take more time to receive the payments.

Fortunately, the small-business owners can surely take advantage of this cloud based accounting solution which will reduce their overall burden of maintaining journal entries, bookkeeping, managing invoices, bills & expenses, banking transactions and much more. With the help of cloud accounting, small business owners can reap the maximum benefits by adopting it. Many of them have their small businesses migrated to the cloud based accounting solutions.

While there are plenty of choices available in the market, MindooAccountax has been divergently serving the clients worldwide to run their business in this internet-savvy world. For more details, ask our expert on +44 (0) 333 011 9372.

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Brand Building – Proving Effective for the Accountants

Here comes the best year, 2017 to decide your goals and shoot up your clientele list as success in this New Year. There is a lot to be said about cloud accounting and how your business can flourish with it. It is cost-effective for every business; whether small, medium or huge organisations. When people search for an accountant to handle the financial activities of their business, the brand of an accountant is the prime factor which magnets more clients towards it. So, there are more chances that the clients get attracted towards an accountant who has a good brand in the market.

Although framing strategies is an important step, but implementing them at the right time with productive resources does matter to a huge extent. Accountants should have a good competency level in order to win the trustworthiness of the clients. And this is certainly not as mindooas creating a logo for your business. Creating a positive version of yourself and then your business is the foremost step which is required for brand building. If you are quirky by nature, that will enhance more people to talk with you and hence they can be your future clients. By weaving your personality in most of the things you do in public, your presence will be memorable.

Build Brand with EasyAccountax

Accountants are required to be perfect in their tasks and also while dealing with the clients. Writing, reading, editing, emailing and calling are a few of the major steps which involve a direct conversation with their clients. Delivering absolute solutions to the clients is sure to boost up your brand image. There are dozens of such accountants in the market who offer similar services. A few accountants have a first-rated brand image and so they enjoy a healthy clientele ratio. Offering comprehensive accounting solutions based on cloud computing will help in mindoobookkeeping rather than those traditional methods of doing it. Having a unique personality and smart workability, you are sure to pull more clients. Deliver the services exceptionally!

With the cloud accounting solution, accounting has got a new face and it has improved the efficiency and the way of maintaining records as well. MindooAccountax has made the accounting process quite mindooand simple to use with a lot of features that enable to run the business smoothly. While you’re the only leader for every single task, you can customise it using the varied features of MindooAccountax. There will be no issue of storage problems and also data back-up. You can efficiently manage accounts with Easy! Try 30 day FREE Trial! Click here!