The Best Cloud Bookkeeping Software On The Market
Accounting has experienced huge changes in the last 10-15 years. SMEs and their equivalent organisations now have a wealth of online, flexible bookkeeping solutions to tackle their business woes. Cloud-based accounts software, with its remote connectivity and data backups, can take the pain out of giving your income, outgoings and payroll obligations a clear shape.
We can rely on many of these financial aids to keep things ticking over. In fact, there’s so many that’s it hard to know where to begin. Fortunately for you, we’ve narrowed down three of the best, weighing their benefits for your decision to swiftly follow:
For an incredibly simple and intuitive tool, look no further than QuickBooks. It downloads bank transactions automatically, and lets you photograph receipts on your phone, eliminating the need for any paper documentation. Freelancers and small companies can receive tax estimates, a layout of multiple account transactions, and auto-tracked mileage costs from the off.
It’s probably the easiest-to-use piece of software on this list. You can upgrade to more complex abilities, such as managing stock and national currencies, but these add-ons aren’t free, and you have to think carefully before you invest in them. Start-up ventures could make do with the basic QuickBooks advantages, though, so that might be all you require.
Beloved by SMEs everywhere, KashFlow has an appealing layout, shunting categories like ‘customers’ and ‘purchases’ et al in a leftward sidebar. Automated invoicing comes to the fore with the option to deliver a template to several clients at once. All of your existing bank data will be transferred, and quotes are created instantly at the click of a button.
On the downside, financial reports, when requested, are somewhat knotty to read. Also, there is no official KashFlow app, meaning you can’t manage your accounts on-the-go. Office-based businesspeople shouldn’t have a problem in this regard, but if you tend to travel a lot, we suggest an alternative.
“Beautiful accounting software” is the Xero motto, and it’s more than an empty platitude. With a bright, colourful display, the UI is incredibly endearing, supporting over 500 Xero applications. This is the brand’s point of pride: giving unlimited users control of specialised tools like Cashbook and Ledger bolt-ons. You can customise such a platform’s functionality exactly how you want.
Despite these premium advantages, Xero is a touch more complex than the previous two contenders. The sheer amount of extras can seem daunting to the uninitiated. There’s slight slowdown time when entering invoices, but that’s balanced by automated VAT treatment, ridding the chance of a faulty self-assessment. More established entrepreneurs could take on Xero and find they’re confident enough to fly with it.
Ideally, you’re a tad closer to making your mind up, now that this triad of bookkeeping champions has been laid at your feet. QuickBooks, KashFlow and Xero all fall into the Nabarro Poole service package – just choose the one you like, and we’ll throw it in with our long-term accounts provisions. For more advice on software to savour, call us today, or see what else we can offer your business…
3rd February 2017
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