Lesley Haresnape at DTE Business Advisers explains how to perform accounting from the cloud:
"Bookkeeping these days is nothing like it used to be. Neither is annual accounting. It’s an online world. This transformation has come about thanks to cloud technology.
"We find that the bulk of our clients use cloud-hosted legal accounts and practice management software, like Quill’s Interactive application, to keep their finances up to date wherever their place of work at any given moment and whatever device they happen to be operating.
"For our cloud clients, we too can access their systems over the internet. The benefits of this are many. From a self-interest perspective, our employees are truly flexible, working to full capacity at all times.
"From our clients’ perspective, we can deal with VAT returns, annual accounts and Accountants’ Reports more efficiently, keeping on site visits and the exchange of bulky accounting records to a minimum. Along the way, if any queries or breaches arise, these are easily resolved by both having access to the system and, where appropriate, adjustments can be effortlessly processed. Keeping them compliant with the SRA Accounts Rules has never been easier.
"Not only that, the speedier processes and reduced travelling expenses are enabling us to provide more competitively priced services due to the time and cost efficiencies that can be achieved.
"Proper cloud systems from reputable suppliers are subject to sound security procedures and controls so there’s absolutely nothing to worry about from a safety point of view. In our opinion, cloud working is the way forward."