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Cloud Accounting: Xero Quickbooks

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Cloud Accounting Tiverton, Devon
For many clients there can be a certain amount of trepidation when it comes to cloud accounting and as a relatively new concept still, many clients won’t fully understand the concept, so we thought it would be useful to explain this, as it will become increasingly important with the introduction of Making Tax Digital in April 2019.

What does ‘cloud accounting’ mean?
All traditional bookkeeping and accountancy programmes were installed and accessed via your PC or Mac or installed on a computer network. However, with ‘cloud’ based products, these are accessed via your internet browser, and can also be accessed on the go via a mobile device, similar to online banking.

Cloud based packages allow you to access your information anywhere, and anytime it suits you.

Is my data secure?

Using a reputable provider will mean your data is very secure. The software providers use banking level encryption to ensure your data is stored safely on their servers.

What are the benefits of cloud accounting?
When managed properly cloud accounting will give you and your business up-to-date and current financial information, which helps you to respond to business change by giving you financial information at your fingertips. Being cloud based also means we can access your information in ‘real time’ to assist you with your VAT Returns, bookkeeping, accounts, and any dealing with any questions you may have.

What now?
William Withers & Co are Xero and QuickBooks Partners, so we can help you make the right decision on what package is best suited to your needs and your business.

For a chat on whether cloud accounting is right for you please call the office and speak to a member of the team.

For more Information on both Xero and Quickbooks, please click on the links below

Quayside House
5 Highland Terrace
Barrington Street
EX16 6PT

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