Cloud Accounting

What is Cloud Accounting?

Cloud accounting (CA) software can integrate with bank feeds, invoicing, payroll and many other features accessed on a desktop, tablet or smartphone.

It provides a great alternative to spreadsheets which may include mistakes and can be edited by anyone.

At Spectrum, we work primarily with Xero and Dext (formerly known as Receipt Bank).

We also support businesses who use QuickBooks, Kashflow, Freeagent and Sage.

The biggest advantage of a cloud accounting package, is that it allows businesses to easily collaborate with their accountant.

You can access this accounting software from anywhere.

This means that the accountant and business owner can access the same set of records from the cloud.

This is all done in real time.

Therefore, this reduces mistakes and increases processing times.

As the government’s Making Tax Digital scheme is introduced, CA software will become a must-have for many businesses and individuals.

Find out more about what we offer regarding MTD here, you can click through to our detailed blog post about MTD here.