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With the right accounting system, your businesses can streamline and increase efficiency across your financial processes. But choosing the best practice accounting system can get a bit overwhelming. In our opinion, there are two telltale signs of a good system, and these two key factors will help you decide which cloud-based accounting software is best for your business. Timestamps: 00:00 - Telltale signs of a good accounting system 00:37 - Recommendations for accounting software 00:50 - Why cloud accounting is more cost-effective 01:09 - Working collaboratively with cloud accounting — Myssy + Co is a boutique professional services firm based in Sydney, NSW. Our mission is to provide a high quality full service offering to SMEs from traditional services - financial reporting, tax compliance, bookkeeping - to services that will help you grow your SME - business advisory, grants and tax planning. All work is undertaken with a strategic approach in mind ensuring that all services are delivered in line with your SME vision. We have experience in a wide range of industries from retail, hospitality, construction, professional services, technology and international trade to name a few. _ CONNECT: LinkedIn: / myssy-co Website: https://www.myssyco.com.au/ — DISCLAIMER: Please note that the information presented in this video is general in nature and intended as a general guide only. This information should not be seen to constitute legal or tax advice. You should, where necessary, seek tailored guidance from a licensed financial professional to ensure it takes into account your personal circumstances, objectives and needs.