Cloud accounting software is increasingly replacing PC based accounting packages.
The benefits our clients are seeing with a cloud based accounts package include:
No need to run annual updates on the software or invest in the costly IT hardware, it’s done automatically by the cloud software provider and monthly charges to customers are very modest.
Data is secure and backed up in the cloud.
Various time saving, automated features can be added such as:
Automatic bank feeds straight into your accounts software.
The ability to manage your accounts anytime, anywhere from virtually any web enabled device such as using your smart phone or tablet to capture photos of purchase invoices and expenses receipts and post them directly into the accounts software.
Allowing your accountant access to live accounting information so that amendments can be made real time without the need to email backups of software to and forth with your accountant.
Automated sales invoices or estimates, in your design and format, raised and emailed to clients with automated reminders if they haven’t paid within the agreed terms.
Furthermore the government’s proposal to require small businesses to file quarterly digital accounts from 2018 will, in all likelihood, require businesses to operate a cloud like accounts system that has the ability to upload data to HMRC. Making the move to a cloud based accounts package sooner rather than later could help manage the transition and ensure that the government proposals don’t cause unwanted disruption in the future.
We have a great deal of experience in cloud accounting and can help you pick the right package, assist in setting up the system tand assist you with ad hoc queries throughout the year. We are familiar with a multitude of the cloud offerings and have particular expertise with leading provider such as QuickBooksOnline.