Articles Tagged ‘Cloud Accounting’

Cloud accounting: Integrating apps to streamline your business

Cloud accounting has transformed the way businesses manage their finances and streamline operations. 

Convenient, efficient and easy to integrate into your existing business model, software as a service (SaaS) solutions are becoming the norm for SMEs and larger companies. 

Cloud accounting capabilities have developed rapidly. Today there is a plethora of downloadable apps available that cater to your specific accounting and operational needs. The Xero marketplace offers over 600 apps that will save you time and money, making accounting and other day-to-day business processes, such as payroll, bookkeeping and stock or inventory management more efficient. 

So, what kind of apps are available, and what are the benefits?

Head in the Cloud? It should be!

RWB image_Apprentice job interview

The Cloud – comprising a multitude of flexible online resources accessible via any device with an internet connection – has transformed accounting for businesses. But why and how do cloud-based solutions differ from traditional accounting software?

Is cloud accounting safe?

 

Cloud accounting is perfectly safe and secure when used correctly and can lead to a world of possibilities for your business. That's why here at RWB we are Xero Platinum partners, and the majority of our clients use cloud accounting services. 

However, as well as using a reputable cloud partner, such as Xero, with their own solid internal security procedures. It is also up to the individual organisations to take extra steps to ensure their data security. 

Making Tax Digital launch date delayed

 

HMRC has announced significant changes to the Making Tax Digital (MTD) scheme, giving many businesses longer to implement the changes.

The new digitised tax scheme which was originally due to go live from April 2018 has now been delayed until 2020 at the earliest for all taxes other than VAT. 

Making Tax Digital: Get yourself prepared

In a recent report by HMRC, seven out of ten small businesses are uncertain  about Making Tax Digital and what is means for them. 

Despite originally being pencilled in for April 2018, HMRC’s Making Tax Digital (MTD) Scheme isn’t due to go live now until 2019 for businesses over the VAT threshold and then not until at least 2020 for those who are not VAT registered.

This seems to offer plenty of time to implement the changes. However, as every business owner knows, time flies, so it’s best to prepare yourself as soon as possible. 

Here’s what you need to know to get yourself ready for MTD.

Password Security - are you the weakest link?

RWB_Digital fingerprint

Every day there are stories about the latest business to suffer from a cyber attack. Businesses install quality security software and password protected servers to guard against cyber threats and protect precious data. However, the weakest link in your IT security could be your employees and the strength of the passwords they use to log in to your cloud based systems.

How can you protect yourself and improve password security?

Seven reasons why your business will benefit from online accounting

 

Industry magazine Accountancy Age recently published an article ‘Four reasons tech investment is critical for accountants’. It’s an interesting piece on the need for accountancy practices to embrace the digital age and offer clients the means to manage their affairs online. 

Here at RWB we’ve understood for a long time that it isn’t just accountants who need to be considering a move online to achieve a competitive advantage. 

In recent years we’ve invested significantly in developing our systems, training our team and partnering with Xero accounting software to become the largest independent Xero Champion in Nottinghamshire. The majority of our business clients are already using cloud-based accounting and enjoying the raft of benefits that come from adopting an online approach. 

Not sure if online accounting is right for you?

Here are seven reasons why your business will benefit from cloud accounting:

What is cloud accounting?

RWB image_Xero cloud accounting software

 

Cloud accounting software allows you to perform all the functions of traditional accounting but with the convenience of instant access on multiple devices. This can be either on premise software or self-installed accounting packages. However, instead of being on site, the software itself is hosted on a remote server and users access software applications remotely through the Internet or other networks (mobile data) via a certified cloud application. 

Data is sent into "the cloud," where it is processed, encrypted and returned to the user securely.

Using cloud accounting software alleviates the business from the pain of having to install and maintain software on individual desktop computers. It also allows employees in other departments, or branch offices wherever they may be, to access the same data and the same version of the software, and more importantly work on the move.

Our Location

Contact us

Our Location
Northgate House
North Gate
New Basford
Nottingham
NG7 7BQ

Contact Info:
Tel: 0115 964 8888
Fax: 0115 964 8889
Email: enquiries@rwbca.co.uk

Latest Tweets