For the last 20 years we have all prepared accounting records on sage line 50, quick books, excel spreadsheets depending on the size and complexity of our business and its records.
Computerised accounting systems were able to produce invoices, statements and delivery notes which had previously had to be word processed, typed or handwritten when accounts were on manual systems.
Now accounting systems have progressed again, having to work at your desk on a PC is a thing of the past, cloud accounting allows logins on your tablet, computer or phone, allowing you to check or update your accounts 24/7 as long as there is internet access.
What else has changed – there is no need to update your software, as you are using the cloud accounting software so it is always up to date. Backups are a thing of the past – your data is held encrypted on the servers of your software provider. Accountant access is much improved when you link your accountant to your software they can access your data, allowing your accountant to help you much more.
The cloud accounting system provides better information; and you can extract much more data at the press of a button. This provides an ongoing insight into your business, enabling you to make informed decisions about your business.
There are many cloud accounting systems. The system best for your business will depend on what you need and how many transactions there are each month. Prices vary depending on the type and size of the business, and includes the storage of the data.
If you wish to know more about cloud accounting contact Jackie Ford on 01625 524127.