At Stewarts, we are at the forefront of technology and innovation, partnering with the best accounting and bookkeeping platforms to introduce our clients to hassle-free accounting to improve efficiency, accuracy and overall business management. That’s why we’re big fans of cloud accounting – in particular Xero and Receipt Bank.
What is cloud accounting?
Cloud accounting refers to web based software that makes managing your accounts easier. This means you can access your accounts anywhere and anytime on multiple platforms such as your desktop computer, tablet or mobile device – all you need is a log in and internet connection.
What are the benefits of cloud accounting?
1. Real-time reports.
Get a real-time view of your business at a glance, including bank balances, profit performance and money coming in and going out without doing labour intensive calculations. That means no more data entry or downloads PLUS you’ll have much greater visibility of your cash flow.
You can connect with your bank accounts making reconciliations simple and accurate. You can receive automatic bank statement feeds directly into your accounting software each day.
And, if that’s not enough, a cloud based system means you can go paperless – for real!
The cloud gives you the flexibility to reconcile, check your accounts, issue invoices and manage payroll from any location. See at a glance who owes you money. Customise, create, send and receive invoices – from your office or on the go.
Your employees can also enter timesheets, expense claims and leave requests from any location, on any device.
This also means that you can implement flexible work arrangements for payroll and bookkeeping positions as you will no longer need a resource in the office.
As your information is stored on a secure server, your data is protected even if your computer is lost or stolen.
4. Save money and resources!
Give your accountant access so they can work on your books from anywhere and offer better advice. As every transaction is logged, mistakes or errors can be swiftly identified and rectified. This also means that you can see what work other members of the team have completed, such as whether an invoice has been issued or paid.
Most cloud based systems also offer unlimited, around the clock email support and have a detailed online help centre along with unlimited users for one monthly fixed price.
Cloud Accounting with Stewarts
Xero is revolutionising the way small businesses operate, as the cloud-based bookkeeping platform of choice. Ranking number one for the second consecutive year as Forbes “Most Innovative Growth Company in the World” and our accounting software of choice.
Stewarts is a certified Xero cloud accounting gold partner. We are expertly placed to make your move to Xero, or any other cloud based program, straightforward, assisting with set up, conversion and training, as well as ongoing occasional support through to full time bookkeeping.
Through Xero we can offer you faster, easier and efficient streamlined accounting. Xero is 100% cloud based meaning cross platform anywhere access. If you’ve got internet access, you have access to easy billing, cash flow, bank balances and more – regardless of whether you’re on your tablet at a meeting, on your laptop at home or on the lounge with your phone – all in real time.
Still not sure if Xero is right for you? Click here to request your extended time trial code.
Receipt Bank is the end of manual data entry, collating all the key information from your bills, receipts and invoices in one place. We aren’t the only ones preaching Receipt Bank, with the integrated application winning Xero Add-on of the Year five years in a row.
Learn more about Receipt Bank