What is Cloud Bookkeeping?
You keep records of your business transactions online which includes your business income, expenses, assets and liabilities. The information is stored in the cloud securely and people with the login can only access the data.
Why Cloud Bookkeeping?
If your business is VAT registered, you’re required to keep records of your business transactions digitally for VAT purposes and submit your VAT returns through MTD-compatible software.
From April 2022, this applies to all VAT registered businesses including those registered voluntarily.
If you’re not VAT registered, you still have to keep records of your business transactions.
Keeping a record of your business transactions digitally means you have real-time access to key financials of your business whenever you need it.
Bookkeeping is a must for any successful business – whether you do it yourself, employ a bookkeeper or outsource it to an accountant. Good record keeping gives you visibility into your business’ health and allows you to make the right decision at the right time to drive success.
It saves you a lot of time and money (and stress!) when preparing for statutory accounts at year end.
Why Outsource Bookkeeping?
Every business owner hates bookkeeping and paperwork. Unfortunately it has to be done. And it has to be done in a prescribed format otherwise the taxman will be on your back.
And when done accurately it provides critical financial information, key performance indicators and aids decision making.
Bookkeeping isn’t a casual activity, that’s why there are bookkeeping exams. That’s why there is a professional Institute of Certified Bookkeepers. People actually study it and take exams on it.
Let The Professionals Handle The Hard Work
A far better option is to employ a bookkeeper to get the job done properly.
Unfortunately full time qualified bookkeepers typically cost £25,000 together with all the other associated costs and hassles of employing someone.
With us handling your books, you will have the freedom to spend your time with the people you love and doing the things you love at a fraction of the costs of employing a bookkeeper.
You will get free access to market-leading cloud bookkeeping software, Xero or Quickbooks Online, and data capture software, Dext, all at no additional cost to you. These latest techs are designed to take the stress away of your day-to-day financial admin so that you can focus on running your business.
With us handling your books, you will benefit from:
- Easy to use apps
- Real-time, valuable insight into your business
- More control over your numbers
- Greater foresight to grow your business
- Better commercial decisions
- Simple solution for storing your records
- Time back for you either in the business or at home