Cloud Accounting
What does cloud accounting mean?
Even though cloud based accounting systems like Xero have been around since the early 2000’s, they are still classed as a relatively new way of bookkeeping for business when you compare them to the desktop versions.
We say relatively new, but Xero was formed in 2006, so new compared to existing systems like Sage Line 50, and QuickBooks Desktop which started in the mid 80’s.
Our experience of Xero came from being introduced in 2014, by which time it was still fairly new in the UK and fairly unheard of.
It was a solution to a common problem for businesses. Until cloud accounting systems arrived, businesses were stuck using systems that were stored on computer hard-drives, and involved regular manual backups, and even data corruption.
We adopted a 100% cloud approach when we started Freedom in Numbers in 2017, as we were keen to work with technology to best serve our clients and explore the options available that worked hand in hand with Xero.
It allowed us to access our client’s data wherever we were, meaning we were on hand to answer any questions they may have. We were working on the same data, at the same time.
What cloud accounting apps do we recommend?
We use lots of apps with different customers, as one app may suit some but not all our clients. Here are just some of our favourites.
Our team fully embraces cloud accounting; it is important to us in how we serve our clients. Cloud accounting involves storing financial data on the internet through cloud servers, allowing access from anywhere in the world. Using this method enables us to work seamlessly with your data in real-time, providing instant support. It means that everyone is on the same page.
By leveraging cloud accounting, we can eliminate the hassles of manual backups and data issues, ditching the spreadsheets to offer a modern, reliable bookkeeping and accounting service that keeps your businesses running smoothly. That means you can concentrate on the thing that you do best, serving your customers.
Cloud accounting offers loads of benefits to make managing your business finances easier:
- Real-Time Access: Checking your financial data anytime, anywhere means you can make quick decisions with live insights. You will always be up to date with your business finances. As busy business owner, it is so handy to have the information you need right there when you need it.
- Enhanced Collaboration: We work with you as your accountant to analyse your data together, leading to quicker resolutions and improved financial management.
- Data Security: Cloud accounting solutions offer robust security measures, including encryption and regular backups, to keep your financial data safe and sound.
- Cost-Effective: Save on expensive hardware and manual backups, ditch those old spreadsheets so you can scale up your business with less stress.
- Automated Processes: Let automation handle routine tasks like invoicing, expense tracking, and reconciliation, freeing up your time, getting rid of those tedious tasks and minimising data entry.
- Integration with Other Apps: Seamlessly integrate with apps like Hubdoc, Float Cash Flow, GoCardless, and Stripe to streamline your payments and reconcile your transactions.
- Improved Financial Oversight: Get regular, accurate financial reports for clear insights into your business’s health, aiding your strategic planning and growth. Helping you move your business in the direction that it needs to go in.
Why choose Freedom in Numbers as your Cloud Accountant?
As you can tell, we’re passionate about cloud accounting and committed to helping your business thrive. Here’s why Freedom in Numbers should be your go-to cloud accounting partner:
- Expertise with Xero: As Xero Gold Partners, our team is highly skilled and continually updates their knowledge to ensure you get the best service. We are Xero accountant experts, we know the platform inside out, so you don’t have to.
- Dedicated Account Managers: Enjoy personalised support from a dedicated account manager who understands your unique financial needs. You will always have a direct line to our team.
- Comprehensive Services: From compliance to advisory and outsourcing, we cover all your financial management needs with a holistic accounting approach.
- Award-Winning Service: Our high standards and excellent customer service have earned us awards, and we aim to maintain this excellence in every interaction.
- Transparent Pricing: Benefit from clear, fixed monthly fees based on your business needs, so you won’t be getting any unexpected costs.
By choosing our accounting team at Freedom in Numbers, you are not just opting for an accounting service; you are selecting a partner dedicated to helping your business thrive working together with a cloud accounting solution.
Get in touch with us today to see how we can transform your financial management, giving you the advice you need and helping you focus on what you do best in your business.
