Benefits of online accounting
Why online accounting software?
As online accounting software specialists, we know that it’s the best way for small businesses like yours to do their bookkeeping. To get the best service from your accountant, you need one who is hands on with an instant overview of your accounts throughout the year. Online accounting software makes that possible.
We want all of our clients to get the best possible service. That’s why we help you move from your existing accounting records and show you how to use online accounting software for FREE!
We’re so confident you’ll love online accounting software too, that we only work with businesses who will use secure online accounting software, or let us use it for them. Why? because we know it’s the only way of offering an excellent proactive service at low fixed fees. Read more about the benefits below, or take a look at the online accounting software.
Still not convinced? Ask us for a free 30 minute online demonstration of the online accounting software.
10 reasons to LOVE online accounting software
Because online bookkeeping software is in the cloud, it means you can log-in to do or view your accounts from anywhere, at anytime. At your customer’s site, in a pub, or even on the beach!
Import your bank statement, or easily set up an authorised feed from your bank account or Paypal to the secure online software. All you need to do is tell it what each transaction is for. So you don’t need to manually enter anything, but if you choose to do it this way, the software can automatically check and compare your records with the bank statements. There are also free apps that will read images of receipts and invoices and enter the data onto the software for you!
You can give us secure access to your accounts. So we can both look at your accounts and deal with any issues. In fact we’ll ask to look at your accounts regularly to see how you’re doing, and offer relevant timely advice.
At your period end, we don’t need you to bring in your records. We’ll just log into your online accounts and view what we need to produce your accounts etc. We’ll let you know if we do need anything e.g. a scanned bank statement. Of course if we do your bookkeeping, we will need some form of records.
Wave Accounting is free, and we all love a bargain, but what’s the catch? Well you might notice some small discreet adverts, but they are tailored to your business, so they may even be useful. Others we also recommend charge a low monthly fee from between £5 and £25, so spreading the affordable cost over the year. Also, there are free trials and no tie in periods, so if you change your mind, no penalties.
You don’t need to be wizz on computers, or an accountant, or even a bookkeeper to use the software. The providers we recommend have designed their software to be so easy you shouldn’t need help with it. But just in case you do, they all offer free support, and being local we are never far away. We’ll also help you get going with it, for free.
Your accounts data is stored by the software providers on secured, monitored, and constantly backed up servers. Data security is a top priority, and some providers claim to be as secure as your online banking. Still not convinced? Ask yourself this: How secure are your paper records? – are they kept in a fireproof safe? Do you password protect your spreadsheets? – are they encrypted when you email them? Do you backup your current software data daily? – is the backup stored securely offsite?
Each of the software comes with a bundle of reports so you’re likely to find what you need. So at the click of a button you can view all sorts of things about your business such as what you owe, who owes you, how much profit you made.
By logging into your accounts from anywhere, we can fix any errors there and then. Which means your reports are always accurate, and start off from the correct position. So there’s no need to wait for the year end adjustments from your accountant several months later, we will have already adjusted your accounts.
No need to start a new page, or a new cashbook. No rolling forward of spreadsheets from one year to the next. No software updates to buy and load, this is done automatically. No messing about sending records to and from your accountant, or trying to get software backups to restore onto the accountants’ version. Just login and go – easy!
Fees exclude VAT