Advantages of Cloud Accounting Software

03 oct

Advantages of Cloud Accounting Software

As businesses adapt to the ever-changing environment, especially with technological advancements, Cloud Accounting Software is becoming increasingly popular with all types of companies, large and small. With Making Tax Digital being introduced over the next few years all businesses at some point will have to invest in accounts software. In this blog we discuss the advantages of using this type of Software for your business.


Access Your Accounts Anywhere, Anytime
As we live in an evolving digital world having software on your phone or computer is great for your business. Cloud accounting software is an online service that lets you handle your accounts in real time from any device that connects to the internet at any location, meaning that you have peace of mind that you are in control of your business finances anywhere, anytime. Plus this information is backed up regularly, meaning that you cannot lose any crucial data which could happen with accounts in paper form or on standalone accounts software.


Multi-User Access
Whether you run a small business with a handful of employees or it’s simply just yourself, you can give other users access to your online accounting software, including your Accountant. This means that it’s much easier to collaborate and if you have any issues your Accountant can access the information immediately to resolve it instead of waiting for their visit which could be days or even weeks later!


Saving You Time
In business, spare time is always a blessing and with Cloud Accounting you save a huge amount of time. It is user friendly, which means you don’t have to be an Accountant to understand how to use the software! There is also the added bonus that it integrates with a lot of other apps, like Receipt Bank, where you can take a picture of your receipt and upload it to your cloud accounting software so that you don’t have to type it in manually! All your business finances and reports are at the touch of a button and can be accessed anywhere at anytime. All of this reduces the amount of time it takes you to do your own bookkeeping, meaning that you can spend more time doing what you love. Understanding what this information means and whether you are claiming the right tax-deductible expenses to reduce your tax bill is a job still best left to an Accountant!

How Guidon Group Can Help
Did you know here at Guidon Group, we are QuickBooks Pro advisors, a popular brand of Cloud Accounting Software. Hence, we can help set you up, provide training on the software, teach you to understand your business finances and put plans in place to help you achieve your goals.

For more details on our Chartered Management Accounting services and to book your consultation,
please call Kathryn on 07852 300952 or visit our website: www.guidongroup.co.uk