3 tips for choosing cloud accounting software

Author: Tara McCarter
Tara McCarter

Cloud accounting software is not something that can easily be ignored by any business wanting to grow and succeed in the modern world.

The benefits of embracing digitisation are extensive, the choice you have at your fingertips equally as vast, and the reliance upon these systems increasing all the time.

As Making Tax Digital for Income Tax (MTD ITSA) draws closer, a new cohort of taxpayers are faced with making decisions about which tools and software they are going to use.

Choosing a cloud solution; as easy as 1, 2, 3…

With this in mind, we are going to offer up a few snippets of advice for you to consider when it comes to choosing a cloud accounting solution.

Understand what your business needs from cloud accounting software

Too few businesses start out on their journey to embrace digital, without  understanding what they want or need from software.

Consider the everyday ‘pain points’ you’ve been battling with; the administrative tasks that eat up your time; compliance, and what your objectives are beyond compliance. These are the things that should inform your choice.

Whatever solution you eventually put in place, should be a help to you and not a hindrance.

As your circumstances change, the way you use your software and what you need out of it may change too. You should make time to regularly assess whether your existing arrangements are meeting your current needs.

Where you feel your needs are not being met, the rate at which apps, technology and software are being developed means you’ll rarely be in a position where there isn’t a suitable alternative to consider.

Know what’s available

Whilst the sheer volume of choice can be daunting, it’s worth taking an interest in what is available to you and, perhaps, what others in a similar position to yourself are using. Ask around, seek recommendations, and do your research!

Talk to your accountant

Talk to us, as your advisers, about your options; whether you’re just getting started with cloud accounting software or if you are considering a change. First and foremost, we can help you to clarify your needs and objectives. We’ll then use our knowledge of software, features and add-ons that have worked for other clients to identify the best solution for you.

The software you choose should work for you, and for your accountant; enabling you to collaborate effectively and aiding your adviser in their work.

How can George Hay help?

Our cloud accounting experts in Cambridgeshire, Bedfordshire and Hertfordshire are here to help you explore what works for your business. We will always do our utmost to ensure that you’re getting the most out of your chosen software.

To speak to one of our experts about choosing the right software for your business, contact us today.

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