You may be using an old desktop accounting solution and want to know what the benefits of Cloud Accounting are. Alternatively you may already be using a Cloud Accounting solution like Xero but feel you need some assistance on simplifying and streamlining the accounting process. 

We can assist you with providing a cloud accounting solution that you can access from any location and any device, the only prerequisite being a good internet connection.

Given the increasing amount of disruptions, it is more important now than ever to consider switching to a cloud based solution. A cloud solution not only gives you peace of mind in these situations but also the ability to continue with your accounting function regardless of the location. You no longer need to be tied to a specific computer in a specific location to do your accounting.

There are many benefits to converting to a cloud accounting solution, one of them being the storage of documents such as bills and receipts. We all know the pain of filing documents for 7 years, filing them in a folder, bottom draw or shoebox and then having the physical space to store them. Then there’s those pesky thermal receipts that fade quickly! The next issue is having to find one of your documents that has been “filed”.

Most cloud accounting solutions including Xero and MYOB Essentials have a solution for the document storage problem.

Xero has purchased a software solution called Hubdoc which automates the processing of bills and receipts in Xero and is a document storage solution in it’s own right. That’s right, you no longer need to keep paper versions of documents they can be stored in Hubdoc and Xero electronically. Hubdoc has a mobile phone app which enables you to take photos of those receipts and upload them into Xero, meaning once the photo is taken the receipt can be thrown away. Finding documents is also much easier from within either Xero or Hubdoc. Another great feature is that documents are stored in two places, Xero and Hubdoc and there is also the ability for a third storage option as Hubdoc can upload documents to storage solutions like dropbox.

If you already have a cloud accounting solution but you would like advice on how to simplify and streamline the accounting process giving you more time to focus on doing what you love please give Lena Ripley a call and she will provide you with training and possible software solutions (like Hubdoc) to make your life easier.

At Oldershaw we believe in providing solutions that are tailored to our clients needs as there is no “one size fits all” when it comes to accounting software.