You can use cloud-based software from any device with an internet connection. The information is encrypted, much like a banks, giving you security and the flexibility to run your business from work, home, or on the go. You can connect the software to your business bank account allowing banking transactions to flow automatically from the bank to the books, saving you time and making your financial processes far more effective.
With an online accounting system, you can significantly reduce your reliance on paperwork. Invoices can be emailed out directly to clients, removing the costs of printing and postage – and speeding up the payment process. Incoming bills and receipts can be scanned and saved directly with the associated transactions in your accounting software.
Your documents are all digitised and stored in the cloud. Therefore, there is no need to keep the paper originals – saving on filing space and storage costs.