Cloud accounting is fast becoming the mainstream accounting software of choice for small and medium sized companies. It offers a range of modern approaches to make accounting as pain free as possible. Here are five reasons we believe cloud based software could help your business:
1. Making Tax Digital (MTD) – Being Compliant!
If you are a VAT registered business, MTD could very soon be something you have to comply with. From April 2019 if your business is above the VAT threshold then you will have to provide your VAT information to HMRC via MTD software. Moving to cloud based software would be the easiest way to comply. Why not speak with us and we can help you choose the solution that’s right for you? We work with a range of HMRC approved software providers who ensure their software complies with the MTD legislation.
2. Access Your Accounting Records Anywhere
A major benefit of cloud accounting is the ability to keep up to date with your financial information on the go from almost any smart device at any time and any place that suits you. If you can access the internet, you can access your accounting records.
3. Keeping Your Records Safe and Secure
All of the cloud based software providers we work with operate using strict data protection systems and make sure your financial data remains confidential, backed up and protected. In addition, because the software is live, it is always being improved and updated, meaning there is no risk of becoming out of date or unsecure. You will always be using the latest software whenever you log on.
Businesses are becoming increasingly complex and your accounting software needs to become more advanced to cope with this. Your priority is running your business as efficiently as possible so choosing software that integrates with your business is paramount. Depending on what you need, there are many additional software add-ons which now integrate automatically with your cloud accounting software. Whether it is linking with your website, having greater stock control or being able to process card payments there should be a solution to help you.
5. Need help? No problem!
Calling your accountant for assistance becomes a lot more cost and time effective if you use cloud based software. We are able to securely log into your records remotely to resolve any issues you have at any time without the need to access your computer or exchange software backups.
Whether you need help in choosing the right cloud accounting solution or want to ensure that you are getting the most out of your existing software, we can help. We can also offer suggestions and support should there be any areas you want to improve.
If you would like more information on how SGD could help you please call Sanjay Myangar for a free telephone consultation.