Getting started with cloud accounting: understanding the benefits to small businesses
Are you a small business owner or finance manager who has just started using a cloud-based accounting system or considering transitioning to one? Would you benefit from understanding more about the options and features available and learning how to use it to its full potential? If you would, this session provides you with all the help you need to get started.
Paper records and once-a-year accounts are thankfully fast becoming a thing of the past. In today’s modern business environments, organisations need up-to-date, accurate financial information to be on demand and available with just a few clicks. A cloud-based accounting system provides just that kind of financial agility.
Cloud accounting systems have revolutionised the day-to-day running of businesses of all sizes, including SMEs. The cloud-based software available offers several benefits to businesses looking for a more effective and efficient way to manage their finances. These include the ability to access and manage accounts from anywhere and at any time, cost and time savings and the peace of mind your accounts are always up-to-date and securely encrypted.
Who should attend this session?
This session is aimed at SMEs and is ideal for business owners and finance managers, who are responsible for day-to-day finances and who would like to explore the benefits transitioning to cloud accounting presents to their business.
What will we cover?
- Understanding why the traditional process no longer works.
- Looking at the financial control tools every business should have in place.
- Exploring the cloud accounting solutions and receipt processing apps available.
- Getting started with ‘chart of accounts’
- Looking at the different approaches to recording financial transactions.
- Exploring inside a ‘life cloud accounting’ system
- Q&A
What outcomes can you expect from joining us?
After attending this session, you will have:
- A clearer understanding of the technology available and how it can transform the traditional way of record-keeping, like paper and spreadsheets.
- A firm grasp of the basic financial concepts including how to set up a chart of accounts.
- A valuable overview of the benefits of cloud bookkeeping and reporting and the knowledge you need to start to implement a cloud-based accounting system in your business.
- Broader knowledge of the basic financial concepts, including how to set up a chart of accounts, cloud bookkeeping and reporting.
Who’ll be presenting this session?
This business-essential session is presented by Alice Davidchack, an experienced Chartered Management Accountant and a Business Coach. She works with business owners throughout the UK, helping them to develop robust financial strategies and create business models that work. Alice coaches on all aspects of business finance planning and accounting, including cash flow management, budgeting and forecasting.
This presentation is delivered in partnership with Business Gateway Growth Hub and Business Engine Room and is part-funded by the European Regional Development Fund. Places are limited and priority will be given to trading SMEs based in Leicester and Leicestershire.