Services: Bookkeeping / Cloud Accounting
Bookkeeping is the process by which the financial paperwork of the business is maintained. Bookkeeping keeps track of all financials coming in and out of a business and as businesses are normally reliant on money, it`s a very important part of a business. Poor bookkeeping is arguably an expense and quality bookkeeping could be seen as a cheaper alternative.
Quality bookkeeping requires:
Keeping clear records of all money owing to the business and when its paid
Keeping clear records of payments made (so expenses aren't paid twice)
Keeping records up to date
Ensuring deadlines are met
Ensuring the correct amounts of tax are paid (including VAT)
Are you spending too much of your time buried under piles of paper doing your own bookkeeping when you could be earning? Do you feel you not accomplishing all of the points above? We can take control of your bookkeeping and ensure your records are quality.
Hussains Tax & Accounting can provide you with a fully integrated accounting/bookkeeping package for Windows. Using Microsoft Excel it can be used in a wide range of circumstances from small sole traders to companies with hundreds of thousands of transactions. It can also be used to process and adjust trial balances so we can prepare your final accounts.
The package has an integrated ledger structure that includes a cashbook, customer and supplier ledgers and is based on double entry principles. It is flexible and easy to use, data entry is very fast and transactions and entries can be easily edited. Since it uses Microsoft Excel, many users prefer it to better known packages.
Most people in business are on the go 24/7! As a result, it’s a good idea being able to know what is happening with your finances at any time. This is why cloud accounting has seen a massive growth in popularity over recent years. Cloud accounting is useful as it can save you vast amounts of time and gives you the opportunity to grow your business in a more efficient manner. By using cloud accounting software you will be able to access your accounts wherever you are, whenever you want.
Choosing the right cloud accounting software package will save you time and money, but if you haven’t got experience using the different online accounting softwares, it can become a bewildering and stressful experience when choosing and learning to use the software. We can help you decide which cloud accounting package is best for your business in the following areas:
Deciding which software will be suitable for your business, depending on the business activities you are carrying out
Help you with the setup, choosing the correct nominal from day one
Provide training for you when/if required.
The majority of cloud account banking is automated. This saves you the time spent inputting your financial data into the system. The other main advantage of using cloud accounting, is that we can access your accounts too, meaning we can log in remotely to do your bookkeeping, help with any queries you may have and also prepare your accounts without needing you to send or drop off large amounts of information.
Loosing the financial data of your business can be a nightmare. Cloud accounting provides the ability to have all of your business financial data backed up automatically online on a secure server.
If you are considering switching from your current accounting package, we will be there to assist you when transferring data. We have experience working with various cloud accounting packages such as Sage One, Kashflow, Xero, clear books and many more.
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