Benefits of choosing a cloud accounting software

31st Aug 2020
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As an accountant, your clients trust you to offer the right solution to manage their finances. Cloud accounting is a great option, with lots of benefits for both your clients and yourself.

Save time with automation

Automated features make it quick to do repetitive tasks. You can use bank feeds to import transactions, bookkeeping templates to record them in the right accounts, and machine learning to recognise numbers in receipts.

When your clients have more involvement in managing their accounting, or you are using automated software that makes your job faster, it leaves you the time to offer high value advisory services.

Real time reporting

You and your clients will be able to access financial information anywhere, at any time. Cloud accounting software offers automated reporting, so once the bookkeeping is done, your clients can view reports and have a clear idea of their financial position at a glance.

Automated VAT Returns for Making Tax Digital are another benefit. Instead of using extra bridging software to be MTD compliant, you can automatically generate the return, check it over and submit it in a few clicks.

Work on the go

Your clients don’t need to wait until they’re at a computer to record transactions, view reports or send invoices.

Helpful features like receipt scanner apps means your clients can send documents on the go, and you receive them immediately.

Collaborate with your clients

Collaborating with your clients and colleagues needs to be as seamless as possible. Cloud accounting software is a simple way of getting your clients involved in their accounting, increasing their engagement and also your access to their documents.

Your clients can upload their documents online, or import bank transactions using bank feeds, so you get all the information you need to do your job without waiting for documentation.

You should be able to set permissions for your clients so they can manage as much, or as little, of their bookkeeping as you wish.

Easy to use

Accounting software should be easy to use. Choosing an intuitive software means there’s less chance of making mistakes if your clients are doing part of the bookkeeping process themselves.

Extra features

Accounting software can often have added benefits for your clients. For example, integrated invoicing and expenses can be really helpful to avoid switching between software. It makes it easier for you to keep track of their actions, and your clients get easy-to-use software that helps them run their business.

Increased security

Cloud accounting software offers a high level of security, so your clients don’t have to worry about their important information. The software you choose should have encryption, follow GDPR guidelines and have regular backups to ensure data is never lost.

About Bokio

Bokio cloud accounting software offers bookkeeping, invoicing and expenses management. It’s a great solution for collaborating with smaller clients, like small businesses, sole traders and freelancers. Bokio helps you save time by using automation, so you can focus on offering high value advisory services.