Soon it is probable that all businesses will be submitting their trading performance quarterly and digitally to HMRC, as is currently being advertised by them under the banner of Making Tax Digital.
This change in the way HMRC requires information is leading many businesses to adopt online accounting packages such as QuickBooks, Sage and Xero.
Cloud based software enables you to access your accounts from any device with an internet connection. That could be your tablet or phone as well as your computer. Access is in real time, so you get a bang up to date picture of where your business is at that moment...who owes you money, and exactly what you owe.
With these packages, there is no installation or maintenance cost, no installing the latest version. Your accounts are always backed up securely and are accessible to you and whoever else you provide with a password. You can connect directly to your online banking, and even create and send invoices while away from the office with your phone.
Our dedicated team can either help you with the installation of such systems or take over the whole accounting function on your behalf, or somewhere in between. You choose.
The good news is that the Hobsons team are certified in the installation and operation of the packages from all of the above providers and we can work with you to decide which is the most appropriate for your business.