Why Nonprofits Should Transition to CloudBased Accounting Now!

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In this video, Germeen addresses the question of whether nonprofits should migrate their financial operations to cloudbased accounting systems. She emphasizes the timeliness of this transition, especially with news of Intuit discontinuing certain QuickBooks Desktop services by July 31, 2024, for new U.S. subscribers, hinting at a broader move towards cloud solutions. Germeen argues the benefits of cloudbased accounting including expanded access for remote work, efficiency, time savings, streamlined accounting processes through integrations, and realtime insight into financial operations. Security concerns and resistance due to legacy systems are acknowledged but ultimately dismissed in favor of the advantages cloudbased tools offer for operational smoothness and modernization.

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00:00 Introduction: The Big Question on CloudBased Accounting
00:28 QuickBooks Desktop Discontinuation News
01:28 The Shift to CloudBased Accounting: Why It's Happening Now
02:30 Top Reasons to Move to CloudBased Accounting
02:35 The Benefits of CloudBased Accounting for Nonprofits
08:37 Addressing Security Concerns and Legacy Systems
10:35 Embracing CloudBased Accounting

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