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Cloud Accounting

Making Tax Digital – the impact on Professional Practices

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title

Cloud Accounting

Making Tax Digital – the impact on Professional Practices

Click here

Cloud Accounting

The cloud accounting phenomenon appears to be a freight train driving through the accounting profession, revolutionising the way accountants interact with their clients.

The cloud allows immediate access to client records from any location (with an internet connection), which in turn fosters a more dynamic relationship between business and adviser.

New tools dramatically reduce data entry, allowing bookkeepers to focus on training and advice. New ways to produce and provide reports creates cost savings for key value-added services such as management accounts, allowing us as accountants to provide more for less.

Our cloud accounting team has specialist knowledge of a variety of cloud accounting software and can provide a range of services, including system implementation and training. We can also provide advanced outsourcing, including flexible bookkeeping, smart management accounts and an outsourced finance director.

How we work in the cloud

System implementation

We have invested time in developing our knowledge of the ever-changing world of cloud products so that you don’t have to. Combining this with our corporate expertise in a variety of industry sectors gives us a team of system advisers, all of whom are quickly able to establish the key functionality requirements of your business.  Our implementation process guides you and your team from system selection through set-up and training. Utilising change management and an implementation timeline, our teams ease the transition over to new systems.

Training

We can provide advice when - and where - it is needed. From juniors to partners and specialists, we have a skilled and experienced team ready to advise at the appropriate level. As well as being at the end of the phone for any query, we can tailor initial and ongoing training packages to ensure that your team gets the full support they need. These can be part of a system implementation process, or general advice if you’ve chosen software independently.

Outsourcing

Once a set function with a general all or nothing approach, outsourcing is changing dramatically with the implementation of cloud accounting. Accountants can now be efficiently utilised for very specific technical tasks and assistance in busy periods, whilst leaving the general day-to-day processing in the hands of business administrative staff.

At MacIntyre Hudson we look to work closely with our client’s finance team to provide comfort over their tax and legislative obligations whilst providing added value via enhanced KPI reporting and timely business advice.

As cloud accounting enables access to financials from anywhere in the world, you can even now outsource the role of the finance director. We provide astute analysis of financial information with key information on the business, allowing you to focus resources in profit-generating directions and cut loss-making operations.

Cloud Accounting Systems

Xero Platinum Partners & Advisors

Xero, the UK market leader, is a solid choice when it comes to small business accounting software, and it works well for small companies that are just starting to grow. That is why we have forged a platinum partnership with this software. With one of the easiest interfaces to use in the industry, you can look forward to a quick and painless implementation as well as a worry-free, day-to-day accounting process. Its software is robust and fast, minimising downtime and reducing loading times. The direct bank feeds reduce processing time and eliminate the need for reconciliations. A range of apps specific to your sector accentuate the software, increasing efficiency further.

Intuit QuickBooks Online

QuickBooks Online is Intuit's cloud based accounting package and is one of the most comprehensive and easy-to-use solutions in the industry. Intuit has a good record with all of its products, and QuickBooks is no different. It has automated features such as scheduled billing, bank reconciliation and automatic backup, you can cut down on the time you spend on routine accounting tasks.

Sage One Accounting

Sage Accounting is a popular accounting software for a variety of different business models. With professional invoicing and collaboration tools, Sage continues to be ever-present in the market place. As authorised resellers of Sage accounting and payroll software we can identify the most appropriate software solution for your business needs. We can provide advice with the design, implementation and training designed to meet your specific requirements.

Exact

Exact offers online software for business owners. The combination of accounting and CRM offers the perfect footing for any healthy business. Additionally, Exact provides integrated software for SMEs in manufacturing, wholesale distribution and professional services.

Twinfield

Online accounting via Twinfield means flexible accounting, with a range of subscriptions to suit both small and large organisations. Twinfield also ensures efficient, secure, real-time data exchange between clients and administration or accountancy firms. Because Twinfield works as a web application, users can access and exchange financial reports online anywhere and anytime via a secure internet connection.

Get in touch, so we can help you get on the cloud.

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What could Cloud Accounting do for you?

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