Mike Purcell Accountant and Software Consultant

Cloud Accounting software gives you the tools to take care of the numbers, so you get time back to focus on building your business – and even get paid faster.

MTD Compliance

Making Tax Digital is a HMRC program with an aim to digitalise the taxation system. HMRC stated From April 2019 the Government Gateway should not be used for submission of VAT returns and that they will only be possible to be submitted by using MTD-compliant software.

Easy Invoicing

Convert online quotes into invoices to save data entry, or simply create a new invoice and email it to your customer. Some software lets you see if they’ve opened it – and they can pay online.

Keep Track Of Cash-Flow

Turn reconciling your bank transactions from a chore into a task that’s quick and easy. Many cloud accounting softwares will let you connect to your bank and transactions flow in automatically, ready for you to reconcile. This allows faster reporting and real-time analysis for better business management.

Accessible Anywhere Anytime

Connect on your smartphone, tablet or laptop whenever or wherever you are. There is no requirement for expensive servers. This allows the abillity to carry out accounting tasks like invoicing, expense claims and viewing real-time information anywhere, minimising time in the office on admin. It’s available whenever you want, wherever you are as long as you have an internet connection.

Online Filing

Store your key business documents in the software, so all your records are backed up and stored online for easy reference, shared with your accountant, and keeping compliant records.

Although there are several systems available, we are currently recommending Xero as a cloud based alternative, that we can support and assist with implementation.
Xero integrates with 500+ cloud apps, effectively allowing you to build your own custom ERP system.  Being located on the Cloud allows unlimited users to access the system anywhere at any time.  There are many efficiency gains, particularly around bank entries, which allows faster reporting and real-time analysis.  Not only this, it also has a low monthly subscription from just £24 per month (including all upgrades FOC and no extra costs for additional users)

For further information, implementation or for assistance with any of the above please contact info@oldfieldadvisory.com