Managing your business finances doesn’t have to be complicated or time-consuming. With cloud accounting software, you can access your accounts anywhere, streamline your bookkeeping, and stay on top of your financial health in real time. 

At East London Accountants, we help clients across London integrate and manage powerful cloud accounting tools like Xero, QuickBooks, and Sage. Here’s why more businesses are switching to cloud-based solutions—and how it can help yours. 

What Is Cloud Accounting? 

Cloud accounting means your financial data is hosted online, rather than on a desktop computer. You can log in from any internet-connected device to: 

• Send invoices 
• Reconcile transactions 
• View real-time cash flow 
• Submit VAT returns 
• Share data securely with your accountant 

The software is usually subscription-based, with automatic updates, backups, and support included. 

Key Benefits of Cloud Accounting Software 

1. Access Your Finances Anywhere 

Whether you’re working from home, at your office, or travelling, you can check your accounts, update transactions, or send invoices from any device. 

2. Real-Time Financial Insights 

Unlike traditional desktop software, cloud accounting gives you real-time visibility of your: 

• Bank balance and reconciled transactions 
• Unpaid invoices and upcoming bills 
• Profit & loss performance 
• Cash flow forecasts 

This helps you make smarter business decisions. 

3. Automate Bookkeeping Tasks 

Cloud accounting saves time with built-in automation tools: 

• Automatic bank feeds 
• Recurring invoices and bills 
• Expense categorisation 
• VAT calculation and submissions 

These features reduce manual entry and human error. 

4. Collaboration with Your Accountant 

Cloud systems let you and your accountant work from the same data set. There’s no need to email files or wait for end-of-year reviews. We can: 

• Review transactions as they happen 
• Offer real-time advice 
• Handle VAT returns promptly 
• Prepare accurate year-end accounts 

5. Improved Accuracy and Compliance 

With cloud accounting, it’s easier to: 

• Comply with Making Tax Digital (MTD) 
• Ensure records are accurate and up to date 
• Reduce the risk of missed deadlines or errors 

MTD-compliant software like Xero and QuickBooks keeps you on the right side of HMRC. 

6. Easy Integration with Other Tools 

Cloud platforms integrate with hundreds of apps to manage: 

• Payroll 
• Inventory 
• CRM and sales 
• Payment collection (e.g. Stripe, GoCardless) 

This creates a seamless ecosystem for your business. 

7. Security and Data Protection 

Cloud accounting providers use bank-level encryption and automatic backups to protect your data. This is far safer than relying on spreadsheets or desktop software that can crash or become corrupted. 

Which Cloud Accounting Software Is Right for You? 

We work with the leading cloud platforms including: 

• Xero: Ideal for small businesses, contractors, and sole traders. User-friendly and powerful. 
• QuickBooks: Excellent for startups and service-based businesses. Great for cash flow and payroll. 
• Sage Business Cloud: Preferred by some growing businesses with more complex needs. 

We’ll help you choose the right software, set it up, and provide training and support so you get the most out of it. 

Why Work with East London Accountants? 

We’ve helped hundreds of London-based businesses switch to cloud accounting with confidence. Our services include: 

• Software setup and migration 
• Ongoing bookkeeping and VAT support 
• Custom reporting 
• Year-end accounts and tax returns 
• Training for you or your staff 

With over 20 years of experience and a modern, tech-friendly approach, we’ll make your financial management more efficient and less stressful. 

Book a Free Consultation 

Ready to move your accounts to the cloud? Get in touch for a free consultation. We’ll help you choose the best software for your business and guide you through every step of the transition.