These services run on a pay as you go basis so you only pay for what you use and the costs are 100% tax deductible. Large upfront fees and switching costs are eliminated using cloud based solutions. Your data is never out-of-date and provided your subscription is current, software updates are automatically available when you login. Your data is automatically backed up and stored at various secure offsite locations.Īll your invited users have access to the latest version of your financial data and you never need to worry about installing software or updates. Your data is completely secure, even if your computer is lost or stolen. Log in online anytime, anywhere on your Mac, PC, tablet or smart phone to get a real-time view of your cashflow. This means you can get bookkeeping assistance and valuable advice in real-time. You can access your financial data via the internet and invite your accountant or bookkeeper to view your accounts at the same time. The cloud also has the benefit of 24/7 access and all you need is an internet connection and your password. You can run your business from home, work or on the go.
Increasingly our clients are opting for cloud based bookkeeping solutions because of the flexibility. For that reason we support a number of programs including cloud based solutions. ❸ Do you want to use a cloud or desktop accounting solution?Īs such, your choice of accounting software will depend on your business needs and level of accounting skill. ❷ What is your level of accounting skill? ❶ What does your business need? Payroll, inventory, debtors, creditors, invoicing or a full blown general ledger so you can produce your own financial statements? Before we recommend any accounting software package we always ask three key questions: There are a number of software packages on the market and they vary in functionality and price. One of the foundation stones in your business 'wall' is your accounting software and one size certainly doesn't fit all businesses. Here at Simon Jones & Co we aim to help you unlock the financial potential of your business. Most people now use the cloud for applications like internet banking. Your data is securely stored ‘in the cloud’ rather than on your local hard drive or server which means you have access to your financial data from anywhere, at any time, using any device including your mobile phone or tablet. Instead of installing and running your accounting software on your local computer you access the software and your data files over the internet. Cloud accounting is best described as ‘online accounting’.
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