‘ accounting means that the way in which accountants work with their client will change, and mostly for the better. Cloud accounting packages like ours are designed so that both the business owner, their accountant and in some cases, even the business’s bank can all access the same data concurrently. In fact, using a cloud solution allows your accountant or adviser to garner much more accurate management information than via traditional methods alone, meaning that we can see how healthy a business is and set key performance indicators in place to act as early warning systems. For example we can alert you when there are any changes in your profit margin or average spend per customer, or you can share alerts with us so that when your bank balance drops below a certain level or nears the overdraft limit we can be notified – meaning your accountant can help you manage cash flow well before the end of the month or quarter.”
Simon Pinion is a Business Advisory Partner for Scrutton Bland and is part of the SBLive team. Simon specialises in advising owner-managed businesses on business planning and how to use online solutions to improve their management information. SBLive is suitable for all types of businesses and the packages can be built to for your requirements. Call or email our SBLive team to find out more about how using the cloud can help your business.
Tel 0333 234 7144 email info@sblive.co.uk website www.sblive.co.uk Twitter @sbliveonline
Do you believe cloud accounting is the future? “For many businesses yes, I do. The commercial world is changing fast, but accounting packages like SBLive allow us to work with you to identify issues before they arise, and advise you proactively rather than after the event. Live accounting means no more sending accounts off to your adviser and waiting weeks for that important management information to come back to you. The beauty of cloud accounting
solutions is the flexibility it gives you to run your business from work, home, or on the road. It sounds like a bit of a cliché but anyone can show you the past, but a cloud accounting solution can show you the future. The automation of bookkeeping processes allows anyone managing a business to run their accounts in a way that suits them, so less time is spent on onerous processes and more time on running their businesses.”
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