Cloud Bookkeeping

The cloud accounting revolution began several years ago and is rapidly gaining momentum. Although newer or smaller business have been quick to adopt the cloud, others have generally been more cautious for a number of reasons. We understand that business owners are constantly under pressure to become more efficient but need more information before they can be confident that cloud accounting is the right choice for them. We can help you determine the best cloud accounting system for you and guide you through the transition from your current system. Cloud accounting outcompetes traditional accounting software in many ways. Here is an outline of the key benefits, which are impossible to ignore:

Access any time, any place

You can use any internet- connected desktop computer, laptop, tablet or smart phone to update or view y our financial information. Anywhere in the world, twenty- four hours a day. You can retrieve reports and take care of other important business matters without having to be in the office.

One data file, multiple users

With traditional accounting, usually only one user at a time can access to the file. With cloud accounting, multiple users can simultaneously have live access to the same file. With a simple click of the button, you can give your staff, bookkeeper or accountant access to your data so you can collaborate online.

Real-time information

Bank feeds automatically retrieve your transactions from your bank accounts on a daily basis. You can then simply code each transaction to the relevant account. To further ease your workload, your system will recognise repeating transactions and suggest the appropriate account.

Less expense, more simplicity

Cloud accounting reduces your upfront business costs. There are no additional fees for maintenance or system administration. There are no software or hardware upgrades for you to install and no risk of server failures. Everything happens online, which means updates are free and occur automatically.

Greater security

Cloud accounting software providers use professional- grade security technology that means your data is safer than on your own computer. Even if your computer is stolen, damaged or destroyed, your data is safe because it is stored elsewhere.

Flexible integration

There’s no need to constantly worry about software installations. Most cloud accounting software can integrate with other cloud-based software, which makes for greater control and flexibility. If you have specific needs, such as payroll or a management tool, you can integrate systems using add-ons.

Outsourcing your bookkeeping can provide numerous benefits that contribute to the efficiency, growth, and profitability of your business.

• Accounting system setup and structure

• Data entry and account reconciliations

• Invoicing and debtor management

• Creditor control and bill payments

• Preparation and lodgement of BAS/IAS/PAYG

• Management Reporting e.g. P&L and Balance Sheet

• Training and general troubleshooting