Cloud Accounting

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What is Cloud Accounting?

Think about when you use internet banking, every time you access this data, you’re using the cloud. The cloud is a platform to make data and software accessible online anytime, anywhere, from any device. Your hard drive is no longer the central hub.

Is Cloud Accounting good for business?

Traditional accounting software doesn’t allow for easy access, collaboration or secure backups. It can be slow, unreliable, complicated and costly when it comes to upgrading.

If you want your business to work smarter and faster, cloud accounting software is a wise investment. Working in the cloud will give you a better overview of your finances and improve collaboration with your team.

“The cloud and accounting software are the perfect match – working with the cloud will give you a real-time overview of your businesses finances, improve collaboration with your team and save your company time and money. It doesn’t matter if you are a start-up business or a large corporation, the cloud is a platform to make data and software accessible online anytime, anywhere and from any device meaning you can always stay connected with your data and your accountant.” Fiona Davey, Client Partner at Dunkley’s

Why move to the Cloud?

More and more businesses are moving to cloud accounting and seeing the benefits associated with these. But if you’re still not sure then have a look at some of our main reasons why you and your business could profit from a move to cloud accounting.

  • Save time with automation

Don’t waste time posting and chasing invoices. With the cloud, you can automatically generate invoices— as well as reminders — at regular intervals, meaning you don’t have to manually keep track of debtors.

  • Work from anywhere

By converting to the cloud, you no longer need to worry about maintaining spreadsheets or installing a programme on one machine. The cloud allows you to log in to your business’ account anywhere, anytime and from any device. 

  • Value for money

Instead of paying a huge one-off fee for accounting software, the cloud allows you to spread the cost with a monthly direct debit – helping you to manage your business’ cash flow.

  • Up-to-date data

With the cloud, you can get an up-to-date snapshot of your financial position as automated bank feeds allow you to keep track of your business’ balance sheet in real time.

  • Keeps your information secure

As your data is saved on a secure cloud server, it is constantly backed up, so you don’t need to worry. Even if your computer crashes, everything is still saved and easily accessible.

  • Intuitive and easy to use

The cloud software has been built with non-accountants in mind. The simple layout and helpful guides make it easy for people who don’t have much experience of managing financial accounts.

  • Give access to multiple users and set permissions

If different people manage different elements of your business, it’s easy to add multiple users and tailor permissions so people with specific job roles only see what they need to.

  • Software is consistently updated and improved

There is no need to wait for a new version of a software to be installed, with the cloud everything is constantly updated by in-house developers and it’s all part and parcel of your monthly subscription fee.

  • Collaborate easily with your accountant

In the past, it was common for business owners to visit their accountant once a year with all their records resulting in one large pile of work. With the cloud, you can share your accounts with your accountant throughout the year and work together collaboratively.

  • Community of fellow business owners

A side benefit of joining the cloud revolution is joining an instant network of fellow business owners whom you can meet and chat to via community forums and business events.

Looking to make the switch?

Dunkley's are your cloud accounting specialists. We are proud to be Xero Gold PartnersQuickBooks Online Elite Partners and Sage Business Cloud Certified advisors.

Whatever your needs, we are here to advise you on the best cloud-based tools. 

So why not soar into the cloud and help your company grow? There’s far more freedom to help you succeed!

To find out more, call the team on 01454 619900 or email cloud@dunkleys.accountants.

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