Cloud Accounting
At SMH Chartered Accountants we offer a range of services to help our clients manage their finances and achieve their goals. One of the key services we offer is Cloud Accounting.
What is Cloud Accounting?
Cloud accounting is the process of managing financial transactions and records using cloud-based software such as Xero and Sage. Cloud accounting software is accessed over the internet and offers real-time access to financial data, enabling businesses to manage their finances more efficiently and effectively.
Why do businesses need Cloud Accounting services?
Businesses require Cloud Accounting services for a variety of reasons:
- Accessibility: Cloud accounting software can be accessed from anywhere with an internet connection, providing business owners with real-time access to financial data.
- Efficiency: Cloud accounting software automates many manual accounting tasks, saving time and reducing the risk of errors.
- Collaboration: Cloud accounting software enables multiple users to access and collaborate on financial data, improving teamwork and productivity.
- Cost-effectiveness: Cloud accounting software eliminates the need for expensive hardware and software and reduces IT support costs.
- Legislation: Legislation which came in in 2019 forced most types of business to keep track of their tax affairs digitally and update HMRC at least quarterly via a digital tax account.
Fixed Fee Packages
We offer fixed fee packages to get you started on the cloud, with the ability to upgrade at any time as your business grows. You can access as many of the below services as your business requires:
| Set up of Xero Account | Virtual support | Conversion to Xero |
|---|---|---|
| Annual Accounts | Monthly or quarterly Business review | Xero set up |
| Annual Return | Monthly or quarterly Skype meeting | Receipt Bank set up |
| Personal Tax Return | Annual Business Planning | Receipt Bank Bookkeeping |
| Business Tax Return | Annual Cash-flow Forecasting | Director and Employee Payroll |
| Quarterly review | Training for your team | Credit Control |
| Instant messaging | Further bespoke training | |
Why choose our Cloud Accounting services?
Our Cloud Accounting services are designed to help businesses manage their finances more efficiently and effectively, providing real-time access to financial data and insights to make informed decisions. Our team of experienced accountants has the expertise to provide accurate and timely financial information and insights, enabling you to manage your business more efficiently.
Contact the SMH Chartered Accountants team on info@smh.group or 0114 266 4432 to learn more about our Cloud Accounting services and how we can help you.
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