Cloud Accounting

Cloud Accounting put simply means that your bookkeeping software is accessed online via website or app. This means that the data is automatically backed up and can be accessed from a variety of devices in any location with an internet connection. So rather than purchasing software to load onto your PC or laptop, you pay a monthly subscription for access to the software.

Functionality is much improved with automatic bank feeds commonplace and documentation scanned and archived electronically. You can issue electronic invoices with immediate online payment options which can help improve cashflow. Receipts can be scanned and posted automatically by the software which can save huge amounts of time data imputing.

If you're considering Cloud Accounting get in touch and one of our experts would be happy to guide you through the process.

Over the past few years we have seen the Cloud Accounting marketplace expand significantly and there are now numerous options to choose from. Popular names like Xero and Quickbooks have been around for a while now and are constantly being refined to reflect business need and consumer demand. SME's should definitely take a look at Xero which is extremely user friendly and simple to learn how to use.

For larger businesses with higher volumes of transactions and more complex functionality required, some of the established brands such as Sage are still leading the way. Our sector specialists can also help explain sector specific software options which may work better for your business if your accounts don't follow typical norms.

Our Cloud Accounting teams regularly run Masterclasses for those new to Xero or wanting to learn more about popular aspects. Check out our events for more information.

Cloud Accounting is the use of integrated, online software solutions to administer your bookkeeping and finances. At Lovewell Blake we have a team of Cloud Accounting specialists across our offices who can recommend the right software for you, help you get set up and provide training so that you can take advantage of the technology to administer your own systems in a modern and efficient way.

Taking the support one step further, we have a team of bookkeeping administrators who can undertake all the weekly, monthly and quarterly work needed. From scanning and posting your invoices and receipts to reconciling your bank accounts and providing trading summaries and KPI's so you can track your business performance. Our fully tailored outsourcing packages provide true peace of mind.

Whichever option you select, or even a hybrid of the two, we will ensure cutting edge technology merges with great service to provide you with the best solution to your business need.