The future of accounting
What is Cloud Accounting?
Cloud Accounting (CA) has all the same functionality as desktop accounting. However CA moves the whole process to the cloud and expands upon it. This means no desktop applications are required. You can log in from anywhere with an internet connection as your data is safely stored on a cloud server.
Cloud Accounting is ideal for any business that wants fast access to:
Detailed financial breakdowns
Key performance indicator metrics
Features in Cloud Accounting packages allow for:
Automated cash collection
Automated bank reconciliations
These tools can increase accuracy and improve efficiency.
Making Tax Digital (MTD) is the UK government’s move to digital tax accounts. MTD requires mandatory digital record-keeping and tax returns. With a cloud platform, your business is ready for MTD as and when MTD becomes mandatory.
Glass Accountants offer Cloud Accounting advice, training, setup and migration.
We offer advice on the cloud accounting package that best suits your business. We also provide you with a list of third party packages that will improve your businesses efficiency.
We offer one-on-one and group training, allowing you to get started with whichever cloud platform you choose.
We provide cloud accounting setup packages. Bringing forward opening balances, entering current year transactions and chart of accounts setup.
We offer migration service packages. Transferring large quantities of data from one package to another. Reconciling accounts and providing a free training package on the new systems.
Glass Accountants have supported our Admin staff with training related to a new accounts system (Xero), including CIS setup and payments, VAT and day to day accounting. They have supported with end of year tax returns and are always willing to help at short notice.