Cloud-based services are changing the way we work
When your income comes in steadily over the year it makes sense to also spread your costs rather than try to cope with large intermittent bills - like having to buy or update your accountancy software; or pay one-off fees to your accountant at the end of the year. That’s why we've recognised that combining the cost of a subscription for the latest cloud-based accounting software with a monthly fee that covers the cost of their annual year-end accounts and tax return work is a more efficient way of providing a service to our clients. It’s also an approach that complements internet banking services and HMRC’s new online systems.
The added value of cloud-based software
Gone is the need for a major purchase to buy accounting software. Cloud-based systems like Xero, Quickbooks or Sage One are effectively rented via a monthly subscription. No more upgrades are needed, you’re always using the latest version so there are never any extra costs. Your accounts are instantly accessible from any internet connected device.
State of the art encryption ensures that your data is always secure – more so than on a dated office PC and, because your data is safely stored across multiple servers, gone is the risk of losing information through a computer crash or the need to constantly back up your hard drive. Replacing your computer or laptop is also no longer a pain – no having to re-install software and no interruptions to your bookkeeping. And the latest mobile technology allows you to have full access to your accounts wherever you are. Cloud-based accounting also allows your accountant to have instant remote access to your books, so help is just a call away if you get stuck; and posting year-end journals online for you ensures your system is always up to date. Perhaps more importantly your accountant can check the figures for your VAT Return or even file it directly for you through the software with HMRC, or prepare management accounts for you and, with full information about your business at hand, immediately help you with key decisions about your business.
“Beyond switching to the latest cloud-based software and spreading the cost of year-end accounts and tax return preparation, a subscription based contract offers many other advantages for Heritage clients”
“You also get year-round advice on-tap and the chance to showcase your business via the networking page on our website. Switching to a subscription-based service, including state-of-the-art cloud-accounting software, is straightforward” Contact us now for a free consultation.