Every accountant under the sun is banging on about cloud accounting for business users. Often for very good reason.
We’re no different.
We encourage all businesses to use accounting software and, these days it’s cloud accounting software.
Why?
Primarily because cloud accounting:
Usually a business will raise its own sales invoices, ideally within their accounting software so that raising an invoice is also accounting for the invoice and starting it on its route to get paid. Sometimes a business will have their own CRM system for invoicing.
But it’s all the other accounting – for suppliers’ invoices, expenses, bank receipts and payments, credit card transactions etc. – where cloud accounting should make a big difference to bookkeeping and producing up to date, accurate, complete financial information.
The information you need to run your business profitably and maintain good cashflow.
And this is where many SME business owners can get in the way.
Cloud accounting is a continuous activity. Sales, purchases, bank receipts and payments happen every day. So make sure your bookkeeper has access to the transactions as they happen.
Accounting software is only as useful as the information it generates so make sure you understand, review and take action on financial reports.
Cloud accounting really is teamwork – between your business, your bookkeeper / accountant and perhaps one or two apps.
If you work together it all works well and you can concentrate on making money.
And make sure your accountant knows what they’re doing as well.
Cloud accounting does not a good accountant make!
Michael
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We don’t believe in forms, we believe in talking to people, finding out your needs and tailor-making a solution just for you.
Give us a ring on 020 7125 0270 or email us at info@bluedotconsulting.co.uk
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