With cloud accounting, the bookkeeping process is simplified because it is easy to use and highly automated. For example:
- Quotes and sales invoices are easy to produce and are automatically incorporated into your accounts.
- The software links with your bank account so that, for example, receipts to your bank account can be automatically matched to your sales invoices. This means that you can easily see who owes you money right now!
- You can scan or photograph receipts and simply email purchase invoices which are to be incorporated into your records.
- The software makes it really easy to access the day to day information that you need to run your business and see how you are getting on – things like who hasn’t paid you and who you owe money.