Whilst maybe not as exciting as the view from your aeroplane window, cloud accounting does have the potential to change your life, well your business life at any rate.
We have always believed that change drives a business forward and we’re always on the lookout for new technology that will assist our clients in running their businesses and this is exactly what online cloud accounting software can do.
Cloud accounting allows you to access all your financial information wherever you have an internet connection via any device capable of accessing the internet. It also gives us access too, should you wish.
Imagine how much time you’d save if you could send an invoice from your mobile phone immediately after you’d finished a job and ask for immediate payment before you leave. Think of the administration time this would save and how much easier it would be to get paid. Bank transactions are fed directly into the software and matched to your invoices and receipts, again massively reducing the time you need to spend doing this manually.
The system will manage and file VAT returns for you, allow you to email quotes and then convert them immediately into invoices once the job has been completed, send automatic reminders for late payments and many other features.
The Government’s ‘Making Tax Digital’ strategy will mean that all businesses will eventually need to move to a cloud based accounting system so we’re keen our clients are ahead of the game!
After thoroughly researching the various cloud based accounting software options, we’ve selected Xero. We are a Xero Partner and Certified Advisor; Xero offer a free trial and we’d be happy to help you with this. You can access your free trial here.