Using a web based or ‘cloud’ system allows you to update your books from any location where you have internet. It also has the added benefit of automatic offsite storage of your financial records and it saves the time of sending files because your accountant can now be given a login to automatically have access to your up to date records.
These systems are the way of the future and are increasingly becoming the most popular bookkeeping option.
- Realtime support
- Cashflow help
- You can manage your business as soon as the month is over and make informed decisions on YOUR business
- More time for you
- Reduced bookkeeping costs as the software can pretty much do the simple data entry for you.
- You can access the file anywhere for most cloud options – on holidays, at the kids swimming lessons, at home, at work – wherever there is internet
- Some cloud software options also have smart phone apps that you can use to data input on the go
- Joint access to the file
The product that is right for each business depends on the following factors:
- Number of monthly transactions
- Number of entities in your client group
- Whether you have employees in your business or not
- Whether you require add on products like inventory management or job costing
Web based packages
Each system varies in cost and has its advantages and disadvantages, so ask for our advice to make sure you are set up with an accounting system that is best tailored to your business needs!
The most widely used cloud based software our clients use, is:
Conversion from your current software
Conversions from any software package are available which means that you can get this up and running now and also have the time to ‘practice’ and get the software up and running as efficiently as it can be by the start of next financial year. These conversions can be generally done within a week and can be done without any (or very little) disruption to you and your current data entry. Please contact our office for a specific quote as we have contacts externally that can do this very efficiently.