Looking after your accounts is one of the major priorities for any modern business. If you own a business, then you will know how key this is. Not only does it keep you on the right side of HMRC laws but it also enables you to plan strategically for the future and keep tabs on your cashflow. Accountancy has seen a real shift in recent years though with many UK businesses now using Cloud-based accountants and software to do this. If you are a little unsure about it still, the below shows why it makes perfect sense.
Take your accounts with you
One big reason any modern business should use cloud-based packages like Xero is that they are always there when you need them. No longer do you have to wait to create an invoice until you are back at your desk or be tied to using paper records in the office to find key figures. Modern online accounting packages allow you to view and manage your business finances on the move, wherever you are, due to the mobile phone apps they come with. This is much more efficient and saves lots of time.
Online accounting is where the sector is headed
You may have heard of the UK Governments plans around Making Tax Digital in recent times. Even if this does not affect you right now, it will be something you have to tackle at some point in the future. By getting to grips with Cloud accounting now, you are getting yourself fully prepared for the switch to dealing with tax in this way. As the accountancy sector heads more into the digital realm, it makes sense to place your business there too.
Simpler and easier
For many business owners, this is the major reason to move their accounts into the Cloud. Packages like Xero are so easy to use that it takes all the hassle out of looking after your business finances. It is certainly much better than the old days of manually updating spreadsheets or keeping messy paper records! It also makes it much simpler when your accountant needs any information to offer advice from or complete your tax return. Instead of meaning you have to rush around to get it all together and then travel to drop it off, they can simply log onto the Cloud.
Give Cornel Accountants a call today
Based in London and Amersham, our team of qualified accountants are fully experienced in using Cloud-based solutions to look after your business finances. If you would like to know more about how we can help look after your accounts or what else Cloud-based accountancy offers, call today on 0203 074 1138.