Cloud accounting is the future of accountancy: we embrace the future
Cloud accounting is now less of a benefit. Cloud accounting is now a necessity.
Kashflow, Xero, Quickbooks, Freeagent – there are a number of market leading cloud accounting software platforms available to small businesses, all performing roughly the same functions. With the advent of the government’s Making Tax Digital (MTD) project, the use of cloud accounting software is soon going to become less of a benefit and more of a necessity.
For any business still currently keeping paper records, it is imperative that they start looking at moving to a cloud system sooner rather than later and, most importantly, ensure that their accountants and book-keepers are competent enough to perform the transition, set up the system and ensure its efficient real-time use.
While these systems carry a small monthly cost, at an average of around £30 per month, we believe the benefit derived from operating with real time information and positioning your business in advance of MTD make the subscription fee immaterial.
- Cloud based accounting systems offer a number of advantages to the business manager including; real time profit and loss report, real time debtor and creditor information, electronic invoicing, automatic link to digital banking (meaning no more bank statements), automatic links to EPOS systems, payroll integration and smart phone access
- Our teams of accountants and book-keepers are experts in most of these systems and have been converting clients onto could-based book-keeping platforms for some time. We have now taken the bold step to go fully cloud-based and are confident that there is no better time than now for paper and off-line businesses to take the leap with us.
- As a business owner you will be at an advantage by implementing cloud based accounting, especially in terms of being able to view ‘real time’ reports and fully utilising digital banking to banish paperwork forever.
Are you on the cloud yet?
If you're operating a modern business it now pays off to implement cloud-based systems into your organisation.
Even if you're self-employed you now have the opportunity to avoid being bogged down with uneccessary work come tax time.
Have a look around our FinTech section to get an idea of the services you may need to get started.
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The taxman would like us to believe that ‘tax doesn’t have to be taxing’. Steedman and Co help ensure that aspiration is a reality.”
Sir John CurticePolitical Scientist
It’s been a very difficult time. My head has been all over the place. Still got so much to sort out but having tax returns off my mind meant I could sleep monday night.”
Steedman and Company are a family run business who have been looking after my mothers, fathers, brothers and now my accounts for decades!”
Robbie PhillipsElite Professional Climber
Just moved to Steedman and Company for all of my tax affairs. First class service and great advice. A great big thank you to the entire Steedman staff.”
Malcolm KinnearDigital Installer