Here are some advantages of running your finances through cloud-based accounting software:

Ease of access to key information 

One of the biggest advantages of cloud accounting is accessibility. Whether you're in the office, at home, or on the go, it's all at your fingertips. 

No more having to wait until you have access to a computer, as you can even send invoices, track payments, and monitor cash flow from your phone or tablet. 

Say goodbye to manual data-entry 

Manual bookkeeping is time-consuming and prone to mistakes. Cloud accounting software automates many tasks, as well as reducing the risk of errors. 

Bank feeds automatically sync transactions, eliminating the need for manual entry. This not only saves time but also ensures accuracy in your records. 

Stay compliant with ease 

Tax season can be stressful, but cloud accounting simplifies compliance. Xero and QuickBooks keep your financial records organised and up to date.

They also integrate with tax software, notably Making Tax Digital (MTD) making it easier to file returns. With everything stored securely in the cloud, you won’t have to scramble for receipts or missing documents. 

With upcoming changes regarding MTD for ITSA, as well as MTD for VAT, building the habits now ahead of the hard-release will make filing season a breeze. 

Enables third-party collaboration 

Working with an accountant or bookkeeper has never been easier. With cloud accounting, you can grant access to your financial data without sending endless emails or files. 

Your accountant can log in, review your books, and provide guidance in real time. This makes financial management smoother and more efficient. 

Enhanced security/back-up 

Losing financial data due to a computer crash or security breach is a nightmare. Cloud accounting software offers advanced security features to protect your data. 

Automatic backups ensure your records are always safe. Even if your computer is lost or damaged, your financial information remains intact and accessible. 

Make the switch today!

If you're still using outdated accounting methods, now is the time to upgrade. Cloud accounting software saves time, reduces stress, and gives you greater control over your finances. 

Need help getting started? We specialise in helping small businesses transition to cloud-based accounting. Get in touch today, and let’s take your business finances to the next level.