Cloud or digital accounting refers to the process of using online software and services to manage your financial transactions. With the introduction of Making Tax Digital it’s prompted more businesses than ever to take their accounting processes digital. This is great news as cloud accounting (which is MTD compliant) ensures accuracy of your finances, promoting efficiency and productivity in your business.
We use Xero for all of our clients bookkeeping which integrates really well with Dext, in order to keep track of expenses. Using Dext to record all your spending by uploading images of the receipt to the mobile app as your spend, means it’s less likely that you will lose vital paperwork. It also eradicates the need for hoarding paperwork. We can all do without adding to our piles of paperwork and of course it’s good for the environment to keep paperwork to a minimum too.
Dext keeps your receipts and invoices safe and secure and because it’s cloud based the information is easily accessible. You can also upload paperwork via the dedicated email address for your account or directly from your computer.
Once the receipts are uploaded to Dext and published in Xero we can reconcile your accounts without having to bother you for missing paperwork. All the information we need will all be in one place.
Using both Xero and Dext together ensures a more streamlined process for your bookkeeping. This means there’s less room for human error and you have more time to concentrate on the areas in your business which need your time and expertise most.
What we love about cloud bookkeeping
As the software we use is cloud based it means you and your bookkeeper can both access your accounts from any location providing there’s an internet connection. There’s no down time for updates so you can access at any time of day. This is really helpful for business owners who need to access their financial information in order to make informed business decisions in a timely manner.
Using historical data, we can produce insightful reports in order for you to plan ahead for the future of your business. This is essential for your business growth and success. These reports may not mean much to you when you look at them but once they are explained to you by a professional like ourselves, you’ll love having that deeper insight into your finances.
Xero accommodates the growth of your business. It doesn’t matter how big your business gets, Xero is ready for you to scale your business.
If you’re ready to get the best out of your business finances, plan to scale and just need some support to do so, then we’d love to have a chat with you.
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