Online accounting systems
Accountancy services in Farnham
Accountants in Farnham
ONLINE ACCOUNTING SYSTEMS
There are many different accounting systems available but for growing businesses the choice is normally between office-based systems, run on a single computer or small network, and online systems that are accessible anywhere, at any time and on any device with an internet connection. We recommend considering an online accounting system as there are clear advantages from doing so.
If you use online banking you'll be familiar with how to access that service through any device with an internet connection. It's the same to access online (cloud) accounting software – it works directly through an app or internet browser on your device so you don’t need any software to load and it's always available through your internet connection. There's no investment required in servers and their associated maintenance. And there's no loss of time whilst updates are deployed – with online you are always using the latest version of the software.
If your access device should ever be lost or stolen, you can be confident that your business’s data remains protected and secure (providing you've maintained appropriate login and password controls)*. You can reconnect again from any other device with an internet connection. That gives you a very robust solution and allows you easily to control who can access your business’s data.
With online accounting software you can expect:
to maintain a clear view of your business’s financial position, in real-time
faster customer invoicing, delivered online or by email; easier to manage for faster payments
simpler and faster reconciliation of bank and credit card transactions
improved financial dashboard to manage key information for your business
easy online collaboration both for your team and with your advisers
instantly available software updates
continuous and automatic back-up of your business's data
reduced upfront costs (servers, system administration and maintenance and version upgrades are all managed by the cloud accounting service provider)
* Always avoid risk of problems created between chair and keyboard by maintaining good security disciplines, essential in every business.
To obtain your free copy of our guides on online accounting please click here.
Supported online accounting services
QuickBooks and Xero are two of the leading online accounting software services available in the UK:
Morchard Bishop & Co. is a QuickBooks Online Certified Silver ProAdvisor and can help you set up and run your QuickBooks Online accounting system. If you'd like to explore how to introduce such a system into your business, please get in touch via the Contact page and we can discuss your specific needs.
Morchard Bishop & Co. is a Xero Bronze Partner and Certified Advisor and can help you set up and run your Xero accounting system. If you'd like to explore how to arrange such a system for your business, please get in touch via the Contact page and we can discuss your specific needs.