Why use cloud accounting software?

19/05/2020

For less than you would spend on tea milk and coffee each month, you can acquire the use of cloud-based accounting software.

Why bother?

Computerising your accounting routines in this way has a number of benefits for your business; of crucial concern if we are to survive the current COVID disruptions.

Benefits for individual businesses will vary but may include:

  • Improved credit control
  • Automated bank reconciliation process – links your bank accounts to your accounting software
  • Profitability and solvency can be monitored in real time
  • Links to your payroll software and online filing
  • Automated VAT return production and online filing

And of increasing importance to all businesses at present, the ability to forecast and manage cash flow. Usually, this particular function is provided by a specialist APP that is bolted on to your accounting software.

Every business has different requirements and so selecting the right software is critical. We have our preferred suppliers and would welcome the opportunity to discuss your options with you.

If you already use cloud accounting software and would like to extend functionality to manage cash-flow, we can help. There are various APPs on the market that offer various levels of complexity.