Cloud accounting allows you to be more efficient and focus on what’s important to you – your business. Moving to the cloud provides business owners with the opportunity to optimise and grow their organisations and offers a number of benefits to its users.
1. A higher degree of flexibility
Cloud accounting software can be accessed from anywhere at any time on any device, meaning you can have your numbers to hand when making key business decisions wherever you are. Plus, you can get a real time view of your finances at any time of the day.
2. Centralised data for more efficient collaboration
Working in the cloud makes it even easier to work with UHY Hacker Young as your accountant. Multiple users can log in to cloud accounting software at the same time, allowing us, the accountant, and you, the business owner, to access financial data at the same time.
3. Enhanced data security
Cloud accounting is more secure than traditional accounting methods as there is no requirement to transfer data between clients and accountants. Most cloud accounting providers take great measures to ensure your data is safe, including backup power supplies, firewalls, data encryption software and regular, third-party security audits. Furthermore, cloud accounting provides an improved, more efficient service, with speedy processing of data.
UHY Hacker Young are hosting free introductory cloud accounting workshops. During these one hour sessions, our in-house cloud accounting expert Stuart Hurst will discuss:
- Why should you use cloud?
- What are the benefits to your business – will it make you more money?
- How will it change your day-to-day – how much time will you save?
- Will cloud make the transfer to Making Tax Digital easier?
- How does it work? A demo of Xero.
If you would like to discuss cloud accounting and the benefits it could have for your own business, please contact Stuart Hurst or another of our cloud accounting experts.