Cloud Accounting: Are you harnessing its power?

Are you utilising cloud-based accounting software within your business? With the Government’s Making Tax Digital plan well underway, it is vital that you do so.

No matter the sector you operate in, there are applications designed to help you reduce expenses, enhance profitability, save time, and unlock business growth.

How to choose the right app

In accordance with Making Tax Digital guidelines, you may already be using a cloud accounting system.

However, it is never too late to switch to software better suited to your business. We can advise on cloud accounting software tailored to your needs.

The benefits of Xero

Xero is a cloud-based software, allowing you to log on anytime, anywhere, and see your cash flow in real time.

Not only does it provide up-to-date financial reporting, with links to all the original transactions, but it also offers built-in auto-enrolment for workplace pensions.

You can create and send invoices automatically and be paid online, as well as utilise online VAT processing and review expenses claims and approve receipts.

With Xero, you can track stock movements and make invoicing even easier with the inventory items facility, reconciling foreign currency accounts, with gains and losses calculated for you.

How can we help?

There is no doubt that cloud accounting is transforming the way that many businesses and industries operate.

At McGills, we are a certified Xero Platinum Partner, meaning we can deliver expert advice and support.

Additionally, to provide the latest insights and guidance, you are invited to attend one of our upcoming free introductory sessions taking place from November through to March.

Find out more and register your place here.

For further help and advice, contact our team today.