Cloud accounting has revolutionised the way businesses record and review financial data.
No longer restricted to viewing spreadsheets on your PC, you can access information about your business at any time, on any device with an internet connection - at home, in the office, or anywhere else in the world.
You don’t need to be an IT expert to understand cloud software, as it is easy to use and specifically designed to make life simpler. Many software providers offer a free trial so you can check if it’s right for you first.
Cloud software is continually being improved; updates and backups are applied automatically; and you can cancel your membership at any time, since you are not tied into an annual contract.
Ultimately, for a small monthly fee, cloud software can save you a great deal of time and ensure you always have up to date, accurate information about how your business is performing.
What can cloud accounting software do?
There are many cloud accounting software providers to choose from, including Xero and Quickbooks. Each offers specific features and payment options but most systems enable you to:
Download a mobile App, saving you time in the office.
Create sales invoices and send them from any device, or from the App you are using.
Automate email reminders to your customers when an invoice is due, helping to improve cash flow.
Reconcile your bank account at the touch of a button, by linking your business bank account to the cloud software.
Record your expenses on the move, by taking a photo of your receipt from your mobile device and uploading it directly into the software.
Being able to access your figures at any time is key to understanding how your business is performing, allowing you to make informed decisions that will help your business thrive.
Using cloud software in alliance with your accountant is crucial if you want to grow your business. We can log into the system regularly, allowing us to make any corrections and provide you with regular information. This enables us to report on how well your business is doing against your targets and give you a good idea of what your tax will be at your year-end.