Cloud accounting (or online accounting) has the same functionality as traditional desk-top accounting software but sits on the cloud rather than your office desktop.
This means you can access your business data anywhere, anytime. Cloud accounting is web-based, allowing you to access your business finances from your laptop, phone or tablet.
Most Cloud platforms offer bank feeds directly from your business bank account, helping to automate time-consuming processing tasks as well as providing you will real-time information. All this gives you more time to focus on growing your business.
Top 10 benefits of cloud accounting for your business
Access anytime
Access your business data anywhere, anytime.
Share access
No need to send back-ups to your advisors, as you can share access through the cloud.
Real-time information
Live data allows you to make effective decisions about your business.
Automated data entry
Business accounts can be linked to your Cloud solution allowing automatic bank feeds, reducing manual input.
MTD Compliant
Cloud software is HMRC Making Tax Digital compliant.
Cost-effective
Standard packages start at just £20 per month.
Storage/backup
No need to worry about memory space or backing up, data will be stored/backed up in the cloud.
Mobile enhancements
With the ongoing expansion of new features available on your mobile, you can upload data on the go.
Capture documents
Invoices and receipts can be uploaded to the cloud, eliminating the need for paper copies.
Apps
Make use of the App market to link relevant Apps to your Cloud solution, again reducing manual input.
Our services
- Set up of cloud accounting systems
- Conversion or migration of data from other accounting packages
- Delivery of training to fit your needs including any ongoing support and assistance with any queries you have, no matter how small
- Review of existing cloud accounting systems
- Advising on any Apps or App stacks that may simplify or streamline data processing
- Work with your finance team to put processes in place to ensure all processing work is completed in a timely manner to meet any business or statutory deadlines
Cloud accounting resources
Xero training videos
Xero is a powerful online accounting software solution. Run things smoothly, keep records tidy, and make compliance a breeze.
If you’re new to Xero and need help with the basic steps, we’ve put together a selection of Xero video tutorials below to help you get the most out of the cloud accounting software.
What are the best apps for my cloud accounting software?
There are many different apps that you can add-on to your core system to improve efficiencies and provide insights.
Take a look at our summary of some of the best apps for Xero, Quickbooks & Sage.
