Future-proof your firm with Zoho Books
One thing to think about when you consider changing your software is whether it will stand the test of time. How can you make sure it will adapt to the new requirements of your business as it grows or your business needs change?
When it comes to finding the right accounting software, there are basic features that ensure it will meet the requirements of your business in the coming years. Besides making sure their developers will keep it regularly updated, there are some key features that you should look for in an accounting software solution:
For UK accountants this is a vital requirement. It is essential to make sure that your software is ready to file your VAT returns from April next year and that it will be updated in time to comply with the next phases of MTD.
Zoho Books was included on HMRC’s list of software providers that support MTD for VAT after months of preparation and pilot testing, ensuring the accounting software is ready to help its users stay ahead of the curve.
With a cloud solution, you don’t need to invest on any implementation costs or additional hardware. Besides, you don’t need your own IT support, as the software take care of providing you with all the upgrades and maintaining your system.
A cloud system also allows you to access your system remotely, giving you the opportunity to work collaboratively with your colleagues even when you are away from the office. This allows you to spend more time ‘in the field’, developing valuable business relationships with your clients and peers.
Even when you are away from the office, keeping your data in the cloud enables you to answer any queries and help clients with any urgent matters that may arise.
To make sure that your accounting practice is in an advantageous position in the future, consider automating repetitive tasks that take up a lot of time for you and your team and leave that to your software. As an expert, you are best positioned to analyse information and guide your clients, helping them make the best business decisions based on their financial data and automating tasks will free up time for you to do that.
Besides, automating tasks will likely allow you to take more clients and spend time on added value services. Zoho Books includes various task automation features such as bank feeds and receipt scanning so that you don’t need to spend time entering data into the system.
Valuable reporting features
As an accountant, you have access to a lot of financial information from your clients. With this information you can advise your clients and help them make informed decisions to improve and grow their businesses.
Choose a software solution that provides dashboards, reports and charts covering receivables, payables and more, so that they can be used to create up-to-date business plans. For instance, Zoho Books generates reports like Profit & Loss, Balance Sheet, and Cash Flow Statement to make it easy for you to dig into the data and share them, export them in PDF format or print hard copies to share them with your clients.
Learn more about how Zoho Books can help you and your clients. Try it for free for 14 days.