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How can cloud accounting help you

Xero cloud accounting software

Are you still using spreadsheets to keep track of your bookkeeping? Or maybe you’re using traditional accounting software. It isn’t the most practical or efficient way to do your books. 


Technology is constantly evolving, and there is so much software out there to help you become more productive and efficient, and it doesn’t have to cost the Earth!

Real-time 
At Brush up Accounting we love Xero. Cloud Accounting gives you real-time access to your accounts which you can access from any device with an internet connection. That means that you’re only ever a click away from reviewing your finances, and you can make those vital business decisions. 
 
Collaboration 
You can collaborate with your bookkeeper, accountant, your team and control what everyone can and can’t access. If you have a bookkeeper, you may find that the software subscription is included in your bookkeeping package, or you get a better rate accessing the software through them. 

Integration 
With software such as HobDoc, or Dext, which integrates with your cloud accounting software, for example, Xero, you can ensure you never miss out on those vital expenses. With a simple snap of your camera, you can capture your invoices and receipts as they come in. There’s no longer a need to hoard masses of receipts, and worry about misplacing the odd few. That makes your tax return much more accurate, and the evidence is stored safely just in case the tax man comes calling for an inspection of-course you’re helping to save the environment by going paper-free!

Insightful reports
Using cloud software enables your bookkeeper to produce insightful reports so that you can set budgets and goals to support your business and its growth. Knowing where your finances are heading and what the possibilities are will give you real motivation to make sure your business is going in the right direction, and if it’s not, you can put steps in place to make it turn around before it’s too late!

Access from anywhere
Being able to access your software from anywhere means that you’re not restricted to a particular location when choosing your bookkeeper. Your bookkeeper or accountant can be based anywhere within the UK and still have real-time access to your data. 

No downtime
Unlike traditional software, there is no need to keep upgrading to the latest software that has financial implications and costs your business time. There’s also no need to worry about the software taking up too much space on your hard drive. Accessing your software through the cloud online means that the software provider will always be looking at introducing new features to make the software more streamlined and efficient. It will be upgraded instantly with no need to install updates resulting in no downtime preventing you from accessing your accounts. 

If you’re looking to improve the way you do your books, the software you currently use or need an accountant to support you, please get in touch.

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