Cloud accounting has revolutionised the way we keep the books these days and with Admin Bandit, any NFP can afford software that will make their work easier.

If you are still using old-fashioned, manual accounting and bookkeeping systems, here are 5 reasons that you need to make a change and join the modern world.

1.  Transparency

No longer does the responsibility for the accounts fall totally on your shoulders.  Your committee of management or parent organisation can be licensed to monitor your accounts, too.  That means they can keep an eye on the transactions which most interest or concern them.

2.  Backup

No more missing files, lost paperwork or crashing computers. Your data is always backed up on the cloud.  Imagine how much pain that will save you in an emergency!

3.  Convenience

When your books are in the cloud, you don’t have to carry huge volumes of paperwork with you wherever you go.  You can fulfil your role as volunteer treasurer wherever you are as long as you have access to the internet.

4.  Better control and decision making

You can see different aspects of your accounts and produce a report at the click of a button.  When you can see each part of your financial position right there in front of you it’s easy to see what is working and what isn’t.  You can see where your money is going and identify areas for improvement.  That means you have more control over your finances and can make decisions based on fact rather than guesswork.

5.  Professional presentation

Your reports are not only easier to produce, they look professional, with your logo and branding included on them.  You have the ability to add your own terms and conditions, and personalise the reports to suit your NFP.

As much as you probably enjoy your role as volunteer treasurer I’m sure you don’t want it to dominate your life.  Be smarter about what you do.  Do your bookkeeping in the cloud with Admin Bandit.