Technology and Cloud Accounting

Cloud Accounting

  • What is cloud accounting and why should I have it?

Whatever the size of your business, small or large, there are many advantages to cloud accounting. It will allow you to work faster, smarter, view your financial information in real time (rather than just when your accounts are prepared) and will allow your accountant to provide more relevant, up to date advice.

How do we know this? Because we are already in it, alongside many of our clients.

  • What does working ‘in the cloud’ actually mean?

The cloud basically means you have your own space on the internet for all your accounting data. This makes your data and software available anywhere, at any time. All you have to do is log on and you can see everything that is normally currently available on your own hard drive.

The cloud is not just about accounting, it’s everything that allows you to continue working normally wherever you are. As long as you have internet access, you can view your normal desktop from any device, anywhere.

Consider the advantages of this if you implement a more modern, hot-desking, home working culture?

Even better, our clients can see their own information in real time, at any time during the year. Gone are the days that you have to wait until months after the year end to see how your business is doing. Cloud accounting solutions have great reporting facilities and you can access this not just from your PC but your mobile devices too. Now, together, we can assess performance throughout the year and recommend solutions to improve profits or reduce costs and provide timely tax planning.

  • I’ve got accounting software – what’s wrong with this?

Ask yourself are you getting the most out of it. Is it cloud based? Does it have good reporting? Is your bookkeeping always up to date? Does your accountant talk to you during the year about your business or does he/she have no idea how your business has performed until the year end accounts are prepared (probably many months after the year end)?

Systems, Processes and Software

Information technology (IT) is a key resource when businesses are working to achieve their targets and goals.

At McPhersons Chartered Accountants and Tax Advisors our in-house IT specialists have wide-ranging, hands on experience in all aspects of IT.

So if you are spending too much time running round in circles, logging data, preparing and sending out invoices and chasing debts, we help you take control by computerising your accounts system.

With the correct accounting software, you can save hours of work, freeing up valuable time and resources for more important areas of your business.

If you feel your existing IT system could offer you more, we can also help you to make the most of our resources helping  provide accurate, appropriate financial information to help you run your business more effectively.

Our IT services include advising on, selecting and installing the appropriate software and providing general or specific training – including in Sage and Quick Books – and helping you gain the best from your systems. We can also advise on payroll systems and management reporting solutions.

For more information on how McPhersons Chartered Accountants and Tax Advisors in Hastings and Bexhill can help you with IT requirements or Cloud Accounting, please contact us.