All Seasons Accountants Limited
Cloud accounting and bookkeeping is a way of organising your finances and a way of recording your data. To do this, accounting software is used so that your data can be sent into the ‘cloud’, where it stays so you can access it at any time, from any device with an internet connection.
What is cloud accounting?
Cloud accounting allows for 24 hour a day access and the sharing of data with anyone in real time.
Business owners can now see where their money is going and where it’s coming from at any given moment.
Businesses can now be run from anywhere in the world as the internet and developments in hardware and software have made it possible to run your ‘office’ from anywhere in the world.
The move to cloud accounting software has resulted in reduced software costs as well as time and cost savings from the software itself.
Cloud accounting software has made it possible for accounting transactions to be automated.
The software is capable of reading, recognising and recording transactions with minimum human intervention.
Sales invoices can be raised and sent from any device and a smart phone can be used to photograph purchase invoices and receipts, which can then be uploaded into the software.
Cloud bookkeeping and automation go hand-in-hand. Automation is taking manual tasks and having software do them for us. The cloud enables this at a scale previously unheard of.
Accountants and bookkeepers would spend hours entering transaction data from paper bank statements and charge you for it. Accountants would rather spend time helping you with your business and taking on more of an advisory role. Investing in cloud software will enable them to help your business, while eliminating wasted time and money.
Automation is key. There are solutions for automating everything from document workflow to forecasting cash flow. Even backing up data is automated, so nothing is lost.
The lack of key timely financial information stops a business owner from having proper insight into their finances. Cloud bookkeeping solves this. It provides them with auto-updated, real-time information about the financial health of their company.
With the cloud, business owners and their advisors have the information they need, when they need it, without chasing for it. This makes collaboration easy, whether on the go, at home or in the office.
If you'd like to know more about cloud accounting and all of the benefits it could bring to you and your business, book a free consultation with us by calling: 01992 64 05 64 or