Is Your Head in the Cloud? It Should Be!

Let’s be honest; you probably didn’t go into business because of your passion for accounting, (unless you are wood and disney, of course!)

Financial administration and management is one aspect of business that we all want to be as straightforward and simple as possible.

If we were asked to come up with a wish list for an ideal accounting software solution, it might look a bit like this:

  • Intuitive and easy to use

  • Accessible from anywhere with an internet connection and always available

  • Data regularly backed up

  • Free to trial

  • Affordable and scalable

  • Seamlessly integrates with other apps and technology

  • Provides a real-time account of financial health and greater insight into your business

  • Easy to share data and work on accounts at the same time as your colleagues or accountant

Now it may sound too good to be true, but this isn’t the fanciful thinking of a dreamer whose head is in the clouds; this is the reality with cloud accounting.

Traditional desktop accounting software and spreadsheets have been the status quo for keeping on top of accounts for decades, but as times have changed so have the needs of business owners. Often this is due to advances in technology. The internet has dramatically changed the way business is done, and it continues to do so.

Traditional desktop accounting software hasn’t previously allowed businesses to submit tax online. From 2018, cloud accounting will be the only way to comply with the government’s new requirements of online submission for Making Tax Digital.

As well as being ready for Making Tax Digital, we think cloud accounting is a smarter way of managing your accounts.

If you need access to your accounts from home, the office, or even to check in while on holiday, cloud accounting makes it effortless for you to do just that.

Small and medium businesses benefit from the affordable, scalable options offered by the leading cloud accounting software providers, meaning you only pay for what you need via a small monthly-subscription.

However, the benefit with the most impact for your business might just be the ability to view the financial status of your company in real-time. At wood and disney, cloud accounting enables us to offer timely advice and guidance to our clients based on their current financial information.

Would you rather make plans or significant decisions for your business based on last year’s data, or today’s figures?

We think the answer is obvious; if you head isn’t already in the cloud, it should be!

To find out more about transferring your accounts into the cloud, get in touch with us at wood and disney on 01206 233170 or email info@wood-disney.co.uk