Cloud Accounting
- Home
- Services
- Accounts
- Cloud Accounting
Services
Cloud Accounting
Cloud accounting means keeping your records on cloud-based software. Many competitor practices are highly prescriptive about which platform(s) they will work with. Although for small businesses we work closely with, and commonly recommend, Xero, we will happily work with other software including QuickBooks, Sage, FreeAgent and Zoho.
Although apparently similar – they are, after all, doing the same thing in line with conventional accounting – cloud accounting software varies in its capabilities (e.g for stock control or specialist sectors such as farming) and compatibilities. We are happy to advise on what software is best for you and your needs. We will also advised on suitable add-ins, such as optical character recognition (”OCR”) software, such as Auto- Entry, that enable you to scan documents and place them appropriately in your accounting software.
Whilst cloud-based software is ”intelligent” to a great extent, it is not infallible. For example, if you receive an invoice from X and post is to ”plant and machinery”, when you next receive an invoice from X it may post it automatically to ”plant and machinery” whereas it might actually be an invoice for ”repairs to plant and machinery”. The result is that it may be treated inconsistently for tax (and accounting purposes). As a result, we are deeply sceptical of exaggerated claims that some software (including Xero and QuickBooks) will be able to file your tax return. It may well have the ability to do so, but giventhat most businessmen are not accountants, the likelihood of the return being correct are small.
Certified Advisors
As the leading provider of cloud software, we believe that Xero can make accounting for your business more efficient. We are Certified Advisors for Xero and can offer advice and guidance in setting up cloud accounting and making the most of Xero’s features.
Get in touch today to discuss how Xero could work for your business.
Services
Cloud Accounting
Cloud accounting means keeping your records on cloud-based software. Many competitor practices are highly prescriptive about which platform(s) they will work with. Although for small businesses we work closely with, and commonly recommend, Xero, we will happily work with other software including QuickBooks, Sage, FreeAgent and Zoho.
Although apparently similar – they are, after all, doing the same thing in line with conventional accounting – cloud accounting software varies in its capabilities (e.g for stock control or specialist sectors such as farming) and compatibilities. We are happy to advise on what software is best for you and your needs. We will also advised on suitable add-ins, such as optical character recognition (”OCR”) software, such as Auto- Entry, that enable you to scan documents and place them appropriately in your accounting software.
Whilst cloud-based software is ”intelligent” to a great extent, it is not infallible. For example, if you receive an invoice from X and post is to ”plant and machinery”, when you next receive an invoice from X it may post it automatically to ”plant and machinery” whereas it might actually be an invoice for ”repairs to plant and machinery”. The result is that it may be treated inconsistently for tax (and accounting purposes). As a result, we are deeply sceptical of exaggerated claims that some software (including Xero and QuickBooks) will be able to file your tax return. It may well have the ability to do so, but giventhat most businessmen are not accountants, the likelihood of the return being correct are small.
Certified Advisors
As the leading provider of cloud software, we believe that Xero can make accounting for your business more efficient. We are Certified Advisors for Xero and can offer advice and guidance in setting up cloud accounting and making the most of Xero’s features.
Get in touch today to discuss how Xero could work for your business.
Testimonials
Client Feedback
See how we've assisted our valued clients in their own words.
TopCashback
We have used Citrus Group since the early days of establishing our business (6 years) for Audit, Payroll Processing, Taxation and Business Advice and have always found their advice to be responsive and commercial. As well as being professional, the team at Citrus Group are very down to earth, friendly and approachable so you never shy away from picking up the phone to ask for some quick advice - but this doesn’t detract from their ability to grasp complex matters quickly, even under pressurised situations and to deliver sensible pragmatic advice.
Edmonds Accounting Services Ltd
Thank you for the assistance provided particularly in relation to the transition from UK GAAP to FRS102 and for enabling us to submit the accounts within the prescribed time frame. As discussed during our work, the rationale behind much of the transition adjustments was unclear and your assistance, which we are aware was often provided outside normal office hours, proved invaluable and was very much appreciated.
Cross Rhythm
Citrus Group have audited Cross Rhythms charitable accounts for the last 6 years. Their work is of a high standard. They are both professional and friendly in their approach. I’ve also found their fees to be very reasonable.
Hylands Ltd
Citrus Group have looked after all our accountancy needs in a very professional and dependable manner for the last 25 years. They are also a source of sound business advice and provide full payroll facilities which we have been pleased to use for many years. In conclusion we have no hesitation in recommending Citrus Group to any potential client.