Your Accounting Records on Tap 24hrs a Day
Are you a part of the masses that find Making Tax Digital daunting? Don’t worry, you’re not alone.
We’ve put together an evening event for the totally and partially clueless, to reveal the true meaning of Making Tax Digital! The evening includes a seminar led by Chris Barnard, tax manager at UHY Hacker Young and time to network (or just chat) with other business owners!
If you’re a business owner with limited knowledge of Making Tax Digital and cloud accounting software, our session aims to make you feel more prepared for online accounting and arm you with top tips, for reviewing and negotiating contracts for digital solutions.
Have you ever been in the bank, speaking with investors or in management meetings, when you realise you have no access to your financial records? It’s happened to the best of us.
Cloud accounting means you have anytime access to your financial records.
Anytime, anywhere you have an internet connection, cloud accounting grants you instant visibility to your key financial information.
There is also the opportunity to transition your accounts to the cloud live at the event- we know, exciting!
So what benefits and features does cloud accounting have?
Speed up Bookkeeping, VAT Returns and Accounts
Save yourself and your accountant buckets of time.
Wave goodbye to your days of copying and pasting, because there will be less duplication of work.
Say hello to streamline processes. From sending estimates to receiving purchase invoices and completing VAT returns, the production of financial accounts has changed forever.
Links to Third Party Systems
Does your business use third-party systems like PayPal, Stripe or Shopify?
Well there will be no more manual entry of sales or expenses because cloud accounting makes it possible to link up with suppliers and online customer portals.
Your data will automatically be entered directly into your cloud accounting software without you having to lift a finger.
Straight to Your Phone
If we haven’t already enticed you to the cloud side, this might just do it.
Most cloud accounting software have their own app!
Meaning you can take a picture from anywhere, of expenses, daily takings or invoices and automatically upload it into the software.
Dependent on which cloud accounting software you chose, you could have access to brand unique features. UHY Hacker Young Brighton office, offer Receipt Bank for free.
Receipt Bank integrates with Xero, Quickbooks and other cloud accounting software, ensuring there is an automatic workflow of your expenses 24/7. Linking Receipt Bank with your accounting software is highly recommended as it prevents any errors in data extraction.
Live Bank Feeds – No Manual Uploads
If you have online banking, you’ll be familiar with the live bank feed that show all of incomings and outgoings in one place.
Bank feeds automatically import transactions from your bank or financial institution directly into your cloud accounting, eliminating the need to import transactions manually and ensures accuracy and efficiency.
You get a clearer view of all of your finances in one place instead of them being spread thin across multiple channels and platforms.
Get More Value From Your Accountant
If your accounting software is more up to date with your financial information, your accountants have more time to provide you with a more proactive service.
Less time will be spent working on compliance, such as production of year accounts meaning more time on helping you run and most importantly, grow your business.
You’ve had a taster of just some of the benefits of using cloud accounting software, so what else can you expect to learn at the event?
- Get to grips with Making Tax Digital (MTD)
- Understand what actions your business needs to take to ensure it’s MTD compliant.
- Watch a demo of how to use cloud accounting software.
- Ask our experts questions on MTD and cloud accounting.
- Learn about office digitalisation.
- Convert to cloud accounting live at the event!
- Network with like minded and equally clueless business owners!
We look forward to seeing you at Making Tax Digital event on Tuesday 18th June 2019 from 16:45 – 20:00 PM.
If you can’t make it or just need some advice and questions answered, then please get in contact- we’re more than happy to help!