Cloud Accounting

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ashflow, 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.

As a Company we have used Steedman and Company expert services on Tax an Accountancy since 1995. They have consistently provided us with a first class service in terms of tax advice; accountancy support and the preparation and delivery of our Company and Personal Accounts to a high level with the necessary personal approach to all issues requiring attention.

Stuart Embleton Edinburgh

EXPLAINER

  • 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.

Find out more about digital banking, Making Tax Digital (MTD) and Bitcoin and Crypto Currency Taxation.

Cloud Accounting Steedman Fintech Consultant Edinburgh

See what people are saying about us

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

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.”

Lynne SchroderSculptor

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