Hi, I know from experience (28 years now!) how important it is to be in control of the business finances. By being 'in control', I mean to know, right now, exactly how much money we're owed, how much money we owe and much money we have. To me, without this information, running a business is a bit like driving a car without my glasses on - I might get to my destination unscathed but it's gonna be a bit tricky!
Thinking of changing your Accounting System?
Request your FREE CHECK LIST detailing KEY FEATURES of
Cloud Accounting software for established businesses.
Making Tax Digital for VAT (MTD for VAT) is set to come into effect from 1 April 2019 for businesses which have a taxable turnover above the VAT registration threshold (currently £85,000). Under MTD, businesses will be required to maintain digital records and submit VAT returns using their accounting software.
These days, a lot of cheeky providers make clever use of the general confusion in the market about what’s cloud software or not. They ‘disguise’ their on-premise or hosted business software as bona fide cloud software. They do this by stamping a cloud label on itand offering it in neatly packaged (monthly) subscriptions. In the best case scenario this is actually hosted, single-tenant software.
If you want your organisation to work smarter, cloud accounting could be the way to go. Working in the cloud will give you a solution that grows with your needs and delivers results in an intuitive and easy way providing you with a better overview of your finances and your organisation.
Key Features of Cloud Accounting software
for established small and medium sized businesses
Period based cloud accounting software allows you to close off each ledger for a specific accounting period.
Cost Centres & Cost Units
Built-in cost centres and cost units allowing you to filter your P & L by a specific branch, region, sector or department.
Multiple budget scenarios down to cost centre & cost unit level allowing you to compare budgets & revised budgets.
Design your own customised forms such as multiple invoices layouts, statements, reminders and remittances.
"You understood our business requirements very well and were happy to invest time in order to ensure I was happy with the solution. You are prepared to put in the hours to deliver, have a good understanding of business requirements and good response times to queries."
"Personalised and local service are both important to us; by being a smaller company, that invariably leads to the personalised service. Your knowledge and most importantly you and your staff are the key strengths. You are all comfortable with accounting terms and make our staff equally comfortable whenever we need to talk on the phone. The changeover on this product was the least troublesome that I have ever come across."
Thank you for the training, we found it helpful. We will be in contact with any queries as you guys have always been very supportive. We found the training very useful and it defintitely met our needs. We will keep in touch with you in case of any queries. Thanks again for a great training session.
"I felt comfortable because you proposed credible solutions and were locally based. At the time I would have considered buying direct, depending on the cost implication. That, however, would have been because I had no experience of the additional value that could be added by a local specialist. You listened to my exact requirements and responded in such a way that demonstrated that you had understood and the training was customised likewise. Other Strengths include: Speed of response, making sure each question receives the best possible answer, and a culture of simple, effectively administered, professionalism."
"To actually get someone to totally understand what is required in such a short space of time is very difficult and I compliment you on the way in which you have achieved that...Also the friendly and comfortable atmosphere that you created helped us a great deal in that we were able to give you a better idea of our needs."
Professional Accounting Software
Cloud accounting for small & medium sized organisations.
Used by Recruitment Companies, Golf Clubs, Not for Profit / Charities, Accountants in Practice, Head Offices and many other types of organisations.
Making Tax Digital for VAT (MTD for VAT) is set to come into effect from 1 April 2019 for businesses which have a taxable turnover above the VAT registration threshold (currently £85,000). Under MTD, businesses will be required to maintain digital records and submit VAT returns using their accounting software. VAT Notice 700/22: Making Tax Digital for VAT explains the rules in detail.
What’s the difference between a browser based cloud application and the others? There are a lot of so called ‘cloud’ offerings and they fit into one of two categories: Browser and non Browser based applications. A browser based application is an application that was written to run over the internet in a web browser such as Google Chrome, Firefox, Microsoft Internet Explorer, Safari etc.
One of the key benefits of accounting period control is the ability to close off each ledger once entering transactions for the period have been completed. This prevents users from changing information in a period where reports have already been produced. A transaction can no longer be entered against a previous period which, in turn, means that any management reports produced will not change.