Andrews and Palmer

Gillingham Office: 01747 823147

Sturminster Office: 01258 423300

Email: office@andpal.co.uk

Online accounting (more formally known as cloud accounting) is becoming more and more popular. It is particularly relevant to small and medium sized (SME) businesses but is also relevant to large enterprises and charities.

Online accounting can provide many benefits for the user on a day-to-day basis as well as be of benefit to us as accountants.

With an internet connection the cloud allows access to online accounting solutions from any location. This means that real-time up to date financial information can be available without being in an office.

Online accounting tools and Apps can be used to reduce time spent on data entry. This means that a business owner may save some bookkeeping costs or time may be freed up to help business development.

Cloud accounting solutions are normally compatible with HMRC requirements for making tax digital, meaning that for instance VAT submissions from the online accounting software are quick and easy and compliant.

Most online accounting solutions include the facility for automatic bank feeds. This can be extremely useful for helping to ensure that recorded business transactions are complete within the accounting records.

Conversion into the cloud can be daunting. Online accounting software solutions such as QuickBooks, Xero and Sage Business Cloud include assistance with conversion of any existing electronic accounting data into the online format.

Assistance with online accounting

We have invested time with members of our team to develop our knowledge of cloud based products and solutions. We can provide you with information to help you decide how and when you might want to implement new systems.

We can also provide you with bookkeeping solutions based on the cloud so that you can focus on managing your business. Please do not hesitate to contact us.

QuickBooks Accounting Services and Software

As Quickbooks certified advisors we can assist you in getting started and also provide Quickbooks Plus licences at a discount over general web prices.

Xero Accounting Services and Software

The Xero online accounting platform is suitable for many businesses and particularly popular with smaller enterprises. As Xero certified advisors we can assist you with your Xero online accounts.

Sage Accounting Services and Software

We have many clients using various versions of Sage and can provide you with the support you need to assist in the management of your business finances.

Making Tax Digital

Making Tax Digital (MTD) is intended to simplify the process of providing tax information to HMRC through the use of digital data. But with delays and confusion over eligibility criteria you might be left worried or unclear about your own obligations. We can help.

 

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