Cloud based bookkeeping
Access to your numbers, at any time
Recording the income and expenditure of your business to keep track of your historical financial performance is nothing new. Prior to cloud, most accounting software was desktop-based. This has several drawbacks, including limited access to your data, the need and cost of constant software updates and the ongoing cost of backing up all this financial information.
Cloud based accounting has all the same functionality as traditional accounting software but moves the whole process to the cloud and expands upon it. There’s no desktop application – you log in to a real time up-to-date online solution.
Moving accounting from the desktop to the cloud has been a huge leap forward in financial management, with many of the drawbacks and cost implications of traditional accounting being removed from the equation.
But how exactly does cloud accounting benefit your business?
Access your accounts anywhere – Cloud accounting gives you access to your key business numbers 24/7, from any location where you can access the internet.
Access to real-time information – Instead of looking at historical reports that are days, weeks, or even months out of date, you have an instant overview of the company’s current financial position.
Access to the app ecosystem – These tools enable you to further save time, reduce resourcing costs, identify problems further in advance, and generally ease the pain of unnecessary admin that’s weighing you down.
Live bank feeds – This gives you the ability to link your banking directly with your accounting. This speeds up bank reconciliation and gives you a more accurate view of your bank balance.
Always working with the latest software version – When you log in to your accounting platform in the cloud, you’re always using the latest version of the software.
Secure sharing of data – When you’re working with your accountant, bank or other advisers, you can easily grant access to your accounts with cloud accounting software. There’s no need for USB memory sticks or sending emails back and forth.
Connected online payment – Payment apps can be connected to your online accounting and invoices, allowing customers to pay you automatically, speeding up payment times.
At DRS, we work with all the main providers of cloud based book-keeping and accounting software such as Sage, Iris, Quickbooks and Xero. We take the time to discuss what your needs are before suggesting and implementing the right solution for you and your business.
Our clients find Xero to be an easy to navigate and intuitive solution that meets their growing business needs and this is why we have partnered with Xero.
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Services and specialisms
Our technology-led approach informs the way we deliver accountancy and business advice services. It’s also reflected in our sector expertise, working with startups and tech businesses, among others.