Cloud Based Accounting
At Cottons we combine smartphone accessible, cloud-based bookkeeping software with robust accounting services and quality tax advice to provide clients with everything they need to manage records and operate in a tax efficient manner.
As Platinum partners of Xero and also partners of Sage and Quickbooks, Cottons are able to support your business using the latest in industry standard software. We are able to aid in streamlining your business processes and give you access whenever.
So what is cloud accounting?
If you are already using internet banking you are already operating in the cloud. Being in the cloud just means that your software and data is hosted on remote servers and accessed via an internet connection on a web browser.
This means that no storage space is required, you can access your data anywhere on any device that you have an internet connection and the security of your data is taken care of, no backups needed.
The software is written for non-accountants so is very user-friendly.
We've listed some of the key benefits of using a cloud accounting system:
The software automates parts of your bookkeeping system keeping your records free of human error and freeing up your time to spend on business development or with your family. Bank feeds pull through all bank receipts and payments directly from your bank eliminating the need to enter them one by one manually.
No restrictions on only being able to access your business data on a pc in the office. Mobile phones, tablets, laptops and desktop PC's will equally gain you access wherever you are as long as you have an internet connection
The software includes world-class specialist security protections for your data, firewalls and encrypted transmissions. There is no need to upgrade the software as this is regularly happening in the background so you will always have the latest security measures and accounting features.
The software has multi-user access which you can set up with different permissions as to what can be accessed. This means that you can have more than one person working simultaneously on the same system. As your accountant, we can also have access with speeds up our response time and gives us real-time data for any queries you may have during the year.
Better business insights
Your data will become real-time and so the software can provide you with instant up-to-date reports on all aspects of your business to help you move in the to the future and make more informed decisions.
Cottons Chartered Accountants are Xero Platinum and QuickBooks Gold Partners. Our specialist cloud accounting team can provide both setup assistance and training on the software of your choice.
If you are considering using Cloud Accounting then talk to us today. We can discuss its suitability to your business and how that fits into a package including all of the tax and accounting provisions your small business needs.