All of the cloud accounting software services go out of their way to make it look easy to use but it's accounting software, it contains things like VAT which you may not be an expert in.
I list all the transactions in a spreadsheet and send it to my accountants. They do what they do and send it back to me but it’s always full of errors. So I end up checking my own work and I wonder what I’m paying them for!
Overwhelmed by accounting apps? Conquer your FoMO (fear of missing out) because by no means are they all useful.
If ten of us in the audience got together to work this problem through we'd all get to a better place pretty quickly and have a good grasp of what works and what goes wrong when you deal with this topic in practice.
The technology doesn't change the essentials and there is a real danger that businesses can get so caught up in the "how", the graphs and the apps that they forget the real point of why they want the numbers in the first place.
Cloud accounting software is often sold as being everything you need, easy to use, do it yourself etc. Well so is a Delia Smith cookery book - and you really don't want to see my attempt at a soufflé!
Make sure your accountant knows what they're doing because the best golfers don't have to use the latest clubs, but they do need to know how to play golf
If you are being paid on credit terms then sending the URL instead of the invoice is simply creating a reason for your invoice not to be paid.
Cloud accounting – manna from heaven for the small business owner. Everything you need to get on top of your business finances from your phone, laptop or anywhere else. Easy. Simple. Off you go. See
Making tax digital for business is part of HMRC’s continued drive to interact with tax payers online. You can read more about it here – HMRC – MTD. For years and years we have been