Cloud accounting software allows you to manage your finances online, giving you instant access to your financial data from anywhere, anytime. Unlike traditional systems tied to a single computer, cloud-based solutions keep everything stored securely in the cloud. You can track expenses, issue invoices, and monitor your bank balance directly from your phone, all while staying organised digitally – no more piles of paper to deal with!
If you’re not already on board, here are five reasons why you should make the switch to cloud accounting:
- Real-time Financial Data
Get up-to-the-minute updates on your finances, so you’re always in the know about your income, expenses, and upcoming tax deadlines. - Automate Time-consuming Tasks
Cloud systems automate manual tasks like VAT calculations, invoice chasing, and receipt tracking. Simply scan receipts with your phone, and everything updates automatically. - Seamless Collaboration with Your Accountant
Easily share your financial data with your accountant for hassle-free support, tax preparation, and advice. - Save Time and Money
No need to invest in expensive software or spend hours on manual processes. Many cloud platforms offer affordable subscription plans. - Stay Tax Compliant
Stay organised and ensure compliance with ever-changing tax laws, including Making Tax Digital (MTD). Cloud accounting systems often auto-update to meet new requirements.
If you’re new to cloud accounting, the team at CKLG can help with selecting the right tools for you. We recommend Xero technology, which might include basic features like expense tracking and bank reconciliation, or more advanced ones like cash flow or inventory management. If you’re not tech-savvy the CKLG team can provide training and we help integrate with your existing IT eCommerce software. So, for example, connecting your bank feeds for automated transaction updates.
Cloud Accounting software doesn’t have to be expensive, with plans ranging from £10-£15 a month for a basic set up. CKLG will manage your subscription, with monthly recharges, and can recommend the best package for your needs.
Our Spotlight guide on Cloud Accounting shares more detailed information, but if you’d like to talk to one of our experts do give us a call on 01223 810100 and we can set you on the right track.