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Help and advice for individuals and businesses across Northampton and Daventry

 

[30.01.2018]

Why you should move to Cloud Accounting

 

Technology is moving at an incredible rate and this is certainly the case with accounting systems. The way we do business is changing, and accounting systems are no exception, developing to meet the requirements of business owners. All the major accounting software companies are committed to offering a cloud accounting solution, and very soon support will cease for desktop systems. So what are the benefits of switching to a cloud based accounting solution from a desktop or manual system? A cloud accounting system will make your life so much easier, whilst also benefiting your business in a number of ways.

Today’s business needs a state of the art accounting system

A cloud accounting system gives you the following benefits:

  • It saves you a significant amount of time,
  • Gives you 24/7 access to up-to-date financial information and reports (you can use cloud-based software from any device with an internet connection),
  • You can sleep at night knowing your sensitive financial data is always secure and backed-up automatically,
  • No system downtime because all software upgrades are automatically installed. This worry-free maintenance saves you time and hassle,
  • Since your accountant can access your data 24/7 you get more value from an accountant – they will help you run and grow your business rather than just adding up the numbers.

Let’s sum up the main points of Cloud Accounting:

  • Staying legal – Your financial data is critical. If you lose it you risk fines and penalties from the tax authorities for not keeping proper accounting records.
  • Saving your precious time – You will save so much time with a cloud accounting system, time you can better use to grow your business.
  • Cost savings – The cost of cloud accounting software is lower than desktop software, there is no large upfront fee or costly software updates. You will pay a monthly subscription. There can also be cost savings in staff hours due to the reduced amount of time you will need to spend on your accounts.
  • Your future is at stake – Better financial information helps you to make better business decisions. But it’s more important than that. We’ve seen many businesses fail through lack of financial information. Very often businesses run out of cash. They thought they had a profitable business, but suddenly they can’t meet the payroll payments at the end of the month. Having the right numbers at your fingertips will give you an early warning if things are not going well.

What will you gain?

With the benefits in mind, by using cloud accounting software you will be able to …

  • Keep on top of company growth and plan when you need to hire new staff, or cut numbers back
  • Have a better idea of where your money goes and what costs2 are higher than expected
  • Identify funding shortfalls and be able to deliver better quality information to lenders
  • Plan better for your company’s future
  • Spend more time ‘on’ the business instead of ‘in’ the business
  • Achieve a better work/life balance

We also know there is no such thing as a one-size-fits-all solution.  Every business is different.  Your business is unique.  So, we will give you a choice of packages so you can choose the one that best meets your needs.  And each of those packages can be further tailored so you get exactly what you want. Oh, and one more thing… we let you spread the payments.

Interested? Want more information?

Get in touch and we can arrange a free (one hour) demo of cloud accounting software. This allows you to get a better feel for the product in a relaxed environment, over a cup of tea or coffee. We will also be able to answer any questions you may have and advise on the best software provider for you and your business.

Here at DNG Chartered Accountants we offer a hassle-free set up service. We can offer you a range of solutions and support packages to suit you and your business. Our packages include options not only to set the system up but to show you how to use the system so you feel comfortable with the software and use it to its full advantage.

 

 

Andrew Clifford

 

 

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