The Future of Small Business Accounting

If you're looking to stay ahead of the curve when it comes to your small business accounts, it’s increasingly apparent that this involves moving your accounts into the cloud. Having looked into it and converted ourselves, then seen the benefits, we're convinced it's the future of small business accounting. It's literally transforming the lives of many business owners (and according to recent statistics from Xerocon 2016 in London, it could also be securing their future).

If you're just starting to pick up on this, here are some of the benefits…

Staying connected

Cloud accounting presents an exciting opportunity for small businesses to work collaboratively with their accountants and in the process benefit from more strategic business advice. The days when a business owner really only spoke to their accountant around their financial year end are at an end, replaced by a closer, more proactive and mutually beneficial working relationship between business owners and their accountant.

It’s all about helping business owners to use their own accounts package, now available from as little as £5 a month, not for just bookkeeping, but for what it’s designed for – informing and helping small businesses improve their performance. With an up to date financial dashboard at their fingertips and access to daily reports, business owners can jump on real time problems as they happen.

Save on costs

The cost benefits of moving to the cloud are clear – firstly, why pay more for an accounting package which doesn’t offer flexibility and real time benefits? There really is no excuse to continue paying for servers, software licences and IT support when you could be paying a simple monthly fee of as little as £5 per month. Not to mention the fact that you'll suddenly open up much quicker ways of doing things – remember, time is money (as well as being in short supply to most business owners)!

Increase your profits

Studies, including one conducted by Rackspace in conjunction with Manchester Business School suggest that not only do 88% of cloud users save on costs, but 56% reported that adopting the cloud helped them increase profits. Our experience would certainly back this up.

If you’re interested in finding out more about cloud accounting or making the best use of Xero in your business, we’re hosting a FREE Xero Surgery in Exeter on Tuesday 15th March 2016 from 12 – 2 p.m. at The Mill on the Exe. Come along and find out how to keep your business ahead of the curve.

To register FREE go to https://www.eventbrite.co.uk/e/xero-surgery-tickets-21006530097

Or for further details please call 01935 385929.