With the explosion in take up of cloud accounting the issue has become, if you have yet to move over, not “should we adopt cloud accounting” but “when “. The market place has been swamped with new systems and it is probably fair to say that the majority of newcomers to the Cloud have got a lot to choose from.
The benefits to operating your accounting within the cloud are many, cloud accounting software is similar to traditional, on-premises, or self-install accounting software, only the accounting software is hosted on remote servers, similar to the SaaS (Software as a Service) business model. Data is sent into “the cloud,” where it is processed and returned to the user. Cloud accounting solutions also allow employees in other departments, remote or branch offices to access the same data and the same version of the software.
All application functions are performed off-site, not on the user’s desktop. In cloud computing, users access software applications remotely through the Internet or other network via a cloud application service provider. Using cloud accounting software frees the business from having to install and maintain software on individual desktop computers.
Small or large company
A lot of cloud accounting systems don’t require a detailed knowledge of accounting to use it. But it is most relevant for straight forward SME’s. With support included in most monthly subscriptions, tutorials and online training sessions, all this works towards making the transition so much easier and a totally pain free exercise.
For larger, more complex businesses, having the ability to preview and test drive an application is essential, Reviso offers you the ability to take a trial, modify to your own requirements whether that’s a tailored chart of accounts, specific user profiles, templates for entering your transactions, modifying the Dashboard to reflect your own KPI’s. All this is and more can be achieved within our system. Being able to change your base currency from within the system is a pretty unique feature of Reviso’s, clients who, although UK registered companies or LLP’s, have a base currency of US Dollars or Euros. They report in their base currency but are VAT registered, so VAT returns have to, of course, be submitted in GBP.
Having the ability to create sales invoices on the go is no longer on the wish list but a ‘must have’ and the Reviso Sales app enables you to do this effortlessly. No more waiting to get back to the office to create and send invoices out keeping your customers happy is the main challenge for any business owner and this app not only enables you to send out invoices but also shows you the impact on your turnover reports etc. Also, the Reviso expense app enables you to take a picture of a receipt and automatically upload into your accounting system, the document can then be linked to the entry giving you full disclosure making the whole processing experience so much easier and coherent.
A lot of UK companies base their accounting on bank statement entries and this is easily completed within Reviso, importing your bank statement and creating entries based on amounts paid in and paid out is quick and easy to use, documents/receipts can be uploaded and linked to each transaction making checking and auditing so much easier to complete.