Why bother with cloud accounting? Just the word accounting is enough to put you off.
Cloud Accounting is not just a fancy spreadsheet it's sooo much more. See if my 5 reason can change your mind about all this cloud staff.
1. ACCESS FROM ANYWHERE
What makes the cloud so attractive is it's capability of being accessed from any device at any time. All that's required is an internet connection enabling you to login to your chosen software package.
2. INVOICING ON THE GO
Invoicing has got to be one of the biggest advantages of cloud accounting.
Admin is one of the biggest burdens of business and anything that helps ease the pain has got to be a winner.
Being able to produce an invoice as soon as you finished the job and still with your client makes life so much easier. First of all you know it's been received and secondly you can spend your evenings relaxing and not doing admin.
3. KEEP AN EYE ON YOUR PROFIT
Profits, the reason why you're in business in the first place.
Seeing how much you've made and how much you've spend at any one time could change the way you run your business. Knowing what actually makes you money and what brings you barely anything shown on simple charts will help you make better business decisions.
4. CALCULATING YOUR TAXES
Dreaded taxes, the necessary evil for any business. Cloud accounting software will provide you with a running total of your liabilities, eliminating the end of year tax bill shock.
Returns such as SELF ASSESSMENT, VAT or CIS can be produced in seconds. You enter the data and the software will calculate the rest.
5. REDUCING YOUR ACCOUNTANTS FEES
The future for Accountants is being shaped by Cloud Accounting or should I say reshaped. Software dramatically reduces the time it takes to produce your year end accounts and the charges that go with it.
Accountants will focus more on tax advise and keeping your business in the loop with new legislations rather than sorting through shoeboxes full of receipts.
If you have any specific questions just get in touch with me. I never get bored of talking about the cloud.
Have a good day in business !