Cloud Accounting
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 has become increasingly important with the introduction of Making Tax Digital in April 2019.
What is cloud accounting?
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?
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 Do We Offer?
William Withers & Co are a Xero and QuickBooks partner firm based in Tiverton, Devon. We decided to partner with Xero and QuickBooks to bring all the benefits of the UK's market leading accounting software to our clients. Xero is the leading provider in the UK and hugely popular with over 1m users worldwide. Quickbooks is the worlds No.1 online accounting solution, with over 2.2m users worldwide.
Management Accounts
With the benefit of real-time information and our bookkeeping service we also offer you management accounts, which will allow us the chance to discuss your businesses performance either monthly, or quarterly.
Bookkeeping Services
We deal with the processing of your records, freeing up your time for you to do what you do best – running your business. With real-time information decision making is made easier.
Training & Technical Support
Xero and QuickBooks offer great online training tutorials, though we can also offer bespoke training and technical support to suit your needs.