Cloud Accounting

What is Cloud Accounting?

Cloud computing really means internet-based computing. Software is provided through computers and related devices (smartphones, tablets, etc), via the internet. With cloud computing your computer’s hard drive is no longer where most things take place (just like your Facebook or Gmail account).

You don’t need to buy a physical copy of the software from a shop or download it to yoru computer. You simply access the software online. Think of ‘the cloud’ as basically another way of talking about all the ways we use the internet.

‘Cloud Accounting’ means the use of accounting software that is stored in the cloud instead of on your computer. Data is stored on a remote server that is not on your company’s site. This means you don’t need to purchase, maintain or upgrade any hardware yourself.

Expertise

All providers offered to our clients

Value

We make sure you are on the best value subscription

Support

Training and support offered for all packages

Why Cloud Accounting?

The world is changing. With the move towards digital and the impending introduction of HMRC’s “Making Tax Digital” there is a fundamental shift in the way in which we do business.

Online accounting platforms allow businesses to create invoices, pay bills and keep up to date with their finances on the move. Similarly, Making Tax Digital (MTD) is HMRC’s drive to make the UK the most digitally advanced tax system in the world – and will ultimately require businesses to submit quarterly tax returns via digital platforms. At the moment, MTD plans are progressing slowly, but they are moving and we advise businesses to be prepared for it.

Adopting cloud accounting is not just about the ability to comply with MTD. That is an additional benefit. There are many other good reasons to consider cloud accounting.

Save Money

Moving to a subscription based managed service saves money on infrastructure and support and there are no more expensive upgrades, up-front licence fees or downtime

Save Time

It’s quicker and easier to update financial records as your bank and other data sources (i.e website sales) can be integrated directly with your accounting data

Ease of Access

You can run your business remotely from any device with an internet connection. From work, home, or on the go, you can be confident that you have an up-to-date picture of how your business is doing, no matter where you are

Security

Cloud accounting is safer and more reliable than storing your valuable financial data on your own computer (which can break, get stolen, or simply misplaced)

Added Value

Access to real time data allows us to spend more time providing added value services to our clients. We can provide valuable advice, KPIs and benchmarking throughout the year

Embrace the Future

Cloud accounting software really is the future for the accountancy. The constant innovation in this space is bringing substantial benefits to businesses

Save Money

Cloud accounting allows us to automate the majority of our work. By adopting the cloud, we can then pass the savings back to you in terms of lower bills and added value services