Cloud Accounting
The face of Bookkeeping has changed over recent years. Where as Bookkeeping used to conjure up images of large dusty ledgers being filled in by Dickensian styled filing clerks, there is now a different perception especially as most Businesses will be legally obliged to move towards a digital Accounting platform by 2022.
What is Cloud Accounting?
Cloud Accounting is the means of virtual Bookkeeping where you utilise Accounting software. Rather than having hard copy books or a raft of unwieldy Excel spreadsheets, your business accounts are instead securely located within the “Cloud”. Because your data is stored online, as long as you have access to the Internet you or your designated Bookkeeper are able to securely access your books at anytime that suits you.
Barnstone Accountancy are registered agents for both SAGE and Xero Accounting software, and we are well placed to recommend the most suitable application for your Business needs. We will prepare your Accounting Software package for you, show you how to use the new tools and provide all necessary support to ensure you have a smooth and trouble free transition into the world of Cloud Accounting.
There are many advantages to using Cloud Accounting Software so we have listed a few key features below:
Fully integrated with HMRC to comply with “Making Tax Digital” requirements
All accounts instantly available and accessible via your computer, tablet or mobile device
Live bank feeds and alerts allowing you to track your financial transactions
Online filing system allowing you to access all documents, reports and financial breakdowns from anywhere, anytime
Greater financial insight through automated reports that provide real time Business Performance data
Simplify Payroll and Expenses Processing