Cloud Accounting

As a digital age firm, we support our clients in the transition from desktop accounting packages, or manual records, to cloud accounting packages to not only ensure they comply with the Making Tax Digital legislation, but to also reap the many benefits that cloud accounting can provide.

We are proud to be QuickBooks Online Platinum Partners but that doesn’t mean we just work with one accounting software; in addition to Quickbooks, Sage, Kashflow and Xero, we are very open minded to new developments and alternative software – so please just let us know if you have a preference and we’d be happy to look into it.

Benefits of Cloud Accounting

• Time saving - by having a direct feed from your bank account there is no need to key in those receipts and payments
• Easy access – access your business information at any time, from any place, via a secure login
• Reporting - improved management reporting that can be tailored to the needs of the business
• Financial position – see your current financial position at any time, who owes you money, who you owe money to and see how your cash flow looks
• Collaborative working - as we can also log in to your accounting records we can assist with any queries or help rectify any problems in real time
• App integrations - Cloud products link with apps such as Shopify, Amazon and PayPal. Data flows automatically in to your books to skip manual entry
• Optical Character Recognition, or OCR software is a technology that enables you to convert different types of documents, such as scanned paper documents, PDF files or images captured by a digital camera into editable and searchable data
• Up-to-date software – users are always on the latest version, there are no more expensive upgrades or any need to take backups
• Multi user access – set varying rights of access for staff, depending on their job role

Making Tax Digital

HMRC are in the process of introducing Making Tax Digital (MTD) compulsory for all VAT registered businesses. This will also be expanded to other taxes in the upcoming years, so being on a cloud product is more relevant than ever before.

Give us a call today so we can help you choose which software would be more suitable to you and your business.