Online Accounting Services

Having the right online accounting package in place has never been more crucial, businesses should now be looking for accurate information available in real-time to make key decisions and manage the tough economic challenges you are faced with. 

Our dedicated online accounting services team can help your business select the most appropriate software package, whilst tailoring it to your exact requirements and providing the training to get you going.

Choosing your software

We have a unique independent approach to online accounting software. We have partnered with several software providers which cover a wide selection of the market. Our staff are fully trained and certified which each product giving you peace of mind. We can assist in choosing the right software for you, the setup and the configuration. We will choose the most appropriate provider for you and your business. 

Software providers we are partners with: 

  • Xero
  • Sage C 
  • Free Agent 
  • Quickbooks 
  • Receipt bank
  • Autorec/auto entry

Some providers have the facility to bolt on additional applications to help your business manage those day to day functions that are so important to you. 

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Benefits of online software:

Automatic bank reconciliation - this feature is a live feed imported from your business bank account, PayPal or credit card and is then categorised so that your bank reconciliation can be carried out automatically by the software. Custom banking rules can be created to match more complex transactions. 

Advanced financial reporting is essential, it is pointless updating on a daily basis if your reports aren't available to show you the data. Providers normally have a dashboard facility which you can design to your own needs to ensure that you keep on top of business performance with our guidance and assistance. 

Online invoices are received by customers much faster than snail mail, therefore, you are much more likely to be paid quicker. The process is more efficient and you have a record when the invoice was opened as proof of delivery. A payment link can be placed on invoices to various payment options. 

As long as you have an internet connection your data is available at your fingertips, anywhere, anytime. 

Unlike a desktop application, you don't pay for the number of users able to access your software. Multiple users can be assigned and managed. Predefined roles are available to set users functions to what you want them to use and see.

Quick entry tools allow you to enter high volumes of data, such as bulk purchases or invoices, saving time, improving efficiency and reducing errors.

Added Applications

As well as having the numbers covered, some cloud packages have introduced their own partnerships to offer additional services you may require to help run your business and to provide you with timely meaningful information. 

Receipt bank is a popular added application. You can simply scan in or take photos of your invoices and it will send to your accounting software predicting where to post based on historical postings.

A customer relationship management system (CRM) is available as an added application making it much easier to manage customer data. The application assists with internal and external communication.  A cloud-based option offers complete flexibility. 

Stocktakes are a key part in arriving at meaningful financial information, verifying what items are held and value of these items at your period end. Linking this to your software will again save time and increase the flow of information in real-time.

Making Tax Digital (MTD)

Whatever you feel will be of benefit to your financial reporting process, just let us know, and we will find the best solution for you. Making Tax Digital commenced in April 2019 for all VAT registered entities with a turnover above £85,000. Vat registered businesses with turnover below this amount are not required to use the system but can choose to do so. They will also be able opt-in for other taxes, benefitting from a streamlined, digital experience.

Making tax digital will extend to other areas of tax, the next big one being, self-assessment tax returns in April 2020. 

 Challenges you may face with MTD:

How can we help

Cloud Accounting Statistics

94%
of SME`s report benefits
91%
of our bookkeeping clients use cloud accounting
82%
of SME`s report reduced costs

Frequently Asked Questions

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Call us now to discuss further how we can help you or if you would like a quotation.

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