Accounting software

By switching to cloud accounting records your complete information will be accessible online anytime, anywhere, from any device. Your important electronic business information will no longer be contained only on your hard drive.

Problems with traditional accounting software

• The data in the system isn’t up to date and neither is the software
• It only works on one computer and data bounces from place to place. For example, on a USB drive. This is not secure or reliable
• Only one person has user access. Key people can't access financial and customer details
• It's costly and complicated to keep backups (if done at all)
• It's expensive, difficult and time consuming to upgrade the software
• Customer support is expensive and slow

Benefits of Cloud Accounting

• Great access - anytime, anywhere and in real-time
• Cost effective - no initial outlay, no server storage cost, updates included in subscription fee
• Reliable - more reliable than in-house servers
• Secure data – Service Provider should offer security to bank level encryption
• Tailor made - add on apps can help you manage your business the way you want
• No maintenance - no need to download and install latest versions

The most important benefit is the ability of your accountant to offer real time advice regarding your business finances, through being allowed remote access to the accounting software by you. Your contact at Banks Sheridan can provide a virtual Financial Controller presence to your business, a role, which only large organisations have traditionally benefited,

QuickBooks

QuickBooks is the world’s most used online accounting software with over 2 million businesses across all different sectors already subscribing. It also has the highest rated mobile app, making your accounting on the go a much more enjoyable experience.

Our view:

• Low monthly costs for huge benefits to your financial management
• Apps available for sector specific requirements
• Excellent phone support from the QuickBooks team
• A wide range of apps are available
• Banks Sheridan can provide lifetime discounts on RRP licence costs

Interested in QuickBooks?

As a QuickBooks Platinum certified advisor practice we can assist you with implementing QuickBooks. Contact us now by clicking here

Xero

Xero is described as “beautiful accounting software” and has been a worldwide leading provider for many years having first established in 2006. It’s popularity grew quickly based on its ease of use and robust accounting features without the jargon.

Our view

• An innovative modern software
• Instant user support provided via a series of informative online tutorial videos.
• A wide range (including sector specific) of apps are available
• Banks Sheridan can provide lifetime discounts on RRP licence costs

Interested in Xero?

As a Xero Bronze certified advisor practice we can assist you with implementing Xero. Contact us now by clicking here

Sage

Sage has been the UK’s market leader for accounting and payroll solutions for many years. It’s recent introduction of its Business Cloud subscription based bookkeeping software has enabled them to keep abreast of the innovations required in the digital world.

Our view

• A fast improving software system
• A strong reputation built on its long standing reputation in the UK’s desktop accounting software
• Banks Sheridan can provide lifetime discounts on RRP licence costs

Sage traditional desktop based software has also seen changes. It is now a subscription service, which has a familiar feel to those used to Sage 50 accounts. Sage 50Cloud now is able to provide a limited level of offsite access to the software via Office 365 Outlook.

Interested in Sage?

With established links with Sage we can assist you with implementing the various Sage options. Contact us now by clicking here

FreeAgent

FreeAgent is an award winning cloud accounting software designed for small businesses and contractors. Formed in 2007, it is designed specifically to meet the needs of the UK market.

Our view

• It is particularly attractive to business customers of NatWest and RBS who are able to obtain a FOC subscription
• A user friendly accounting software system built specifically to meet the needs of the small business

Interested in FreeAgent?

With established links with FreeAgent we can assist you with implementing the software. Contact us now by clicking here