THE SMALL BUSINESS OWNERS JOURNEY TO CLOUD ACCOUNTING – GETTING READY
As a small business owner we have a lot to take care of, some we love and some we most definitely do not. Keeping your books tends to be one that is least loved. It can be time consuming and quite often confusing, being put off until the very last minute. Then your financial year end rolls around, at which point you bundle the vast amount of receipts and invoices into a box or bag and head off to your Accountant and hand it all over for them to sort out.
Now there is a couple of problems with this method of bookkeeping. The first is that your Accountant is going to charge you for this, which can be quite costly. The second is much worse, as you’ve gone all year without having a clue exactly where you and your company stand financially now or at any point in the last 12 months.
This can be the case whether you use accounting software or not but there is a much simpler, more efficient way to keep your books, so as a small business owner you have your up to date financial information to hand 24 hours a day, seven days a week. Cloud accounting!
Sat here writing this I’m wondering about the different reactions those two words have evoked in you as a reader. Are you thinking “wow, that sounds amazing”, or maybe “there’s nothing wrong with the good old fashioned way, leave my Accountant to it” or is it “I don’t do technology, I’ll have to manage as I am”? No matter which of these has been your response, you should consider the fact that cloud accounting is here to stay and at some point you’ll need to get on board, like it or not. Even HMRC is planning to bring UK tax into the digital age with “Making Tax Digital”. This means your tax returns will have to be submitted digitally through an MTD compliant software and all business related transactions will have to be recorded digitally using MTD compliant software or apps.
You might ask what the point of it all is, but I can tell you hand on heart, that cloud accounting will change your business and your life and I want to take you on that journey. By now you’ve probably gathered that I’m a small business owner who actually loves bookkeeping and you’d be right. Why? Because that’s what I do. 30 Hour Days is a digital bookkeeping practice, which means we work entirely in the cloud and are 100% paperless. We work solely with small businesses, helping them move to cloud accounting and take advantage of all the benefits it brings with it. Over the next few weeks I’m going to show you step by step how to start your journey by recommending the best software to use, providing guides to get you started and discounted subscriptions to save you money.
Why not sign up below so you don’t miss the next instalment. I’m looking forward to getting started and hope you’ll join me.