Cloud Accounting
As the modern world becomes more digitised and technology driven there are real advantages to be gained for business accounting. Cloud accounting is the ideal way to meet your 21st century accountancy needs and can provide you with the tools that you need to help your business grow.
What is Cloud accounting?
Cloud accounting simply means that you log into your accounting software online.
All that you need is an internet connection and a subscription – so you don’t need to worry about having the latest version, or backing up all your accounting data. You’re probably aware of HMRC’s Making Tax Digital and cloud accounting software such as Xero, FreeAgent or QuickBooks can help make the process straightforward and stress-free.
Here’s 5 reasons why you should switch to cloud accounting solutions
Using cloud accounting software such as Xero, FreeAgent or QuickBooks enables swift and accurate data entry thanks to a user experience layout that is easy to navigate and logical to use. It can link with your business bank accounts to make sure that in-goings and out-goings match perfectly.
The software provides powerful tools that work away processing your financial data in the background for you and will warn you of any potential issues, as soon as they arise. So you’ll save a lot of time, not to mention stress.
Using cloud accounting software such as Xero, FreeAgent or QuickBooks enables swift and accurate data entry thanks to a user experience layout that is easy to navigate and logical to use. It can link with your business bank accounts to make sure that in-goings and out-goings match perfectly.
The software provides powerful tools that work away processing your financial data in the background for you and will warn you of any potential issues, as soon as they arise. So you’ll save a lot of time, not to mention stress.
There’s no need to worry about the security of your data because accounting in the cloud is actually safer and more secure than traditional accounting methods. You won’t lose your data if a lap-top is stolen, or infected with a virus. Not only is your data safe, but you can feel rest-assured that everything is continuously kept up-to-date. Backups are a thing of the past.
Cloud accounting software enables you to dictate who has access to your company accounts and to what extent. There’s no need to send files or reports to anyone via email as it’s all there, in the cloud. Accountants, bookkeepers and business owners can all easily access the same files via a secure cloud-based environment.
Life moves fast and we all have lots to do in a short amount of time. One of the best aspects of cloud accounting from the likes of Xero, FreeAgent or QuickBooks is that you can access data from anywhere, on any device – you just need an internet connection. You can access all your work files from your mobile device, even if you’re at home, on holiday or travelling to work.
So you’re free to work from wherever you want – sending invoices and updating files on the move from your laptop, smartphone, or tablet.
Using the cloud accounting business model is no more expensive than the more traditional approach and comes with so many more advantages.
The Firm of the Future is more efficient, effective and able to adapt with the times – Cloud accounting is the best way to achieve this….