All About Online Accounting

More and more accountants are moving to online accountancy to adapt to the digital era. If you aren’t sure about the ins and outs of online accountancy, then fear not as this blog has everything you need to know.

The Basics

Online accountancy is often called ‘cloud accounting’, and it’s the practice of managing your accounts and finances online. All you need is an internet connection so that you can stay in touch with your accountant and submit all of your information.

How Does It Work?

When you work with a local accountant, you will get together in person to share information and discuss your accounts. You can work with your accountant to submit tax returns, audit financial data, enhance your profits, and much more. An online accountant will do the same thing, but rather than a face to face meeting, you will do it all over the computer with the odd phone call/email.

Benefits Of Online Accountancy

  • It’s more accessible and flexible. You don’t need to worry about being on the other side of the country, and you can manage your online accounts from anywhere in the world.
  • You get a wider choice of accountants. It doesn’t matter where your accountant is, so the world is your oyster.
  • Reduces the cost of travel and the time you take out of work. Going to see your accountant means covering the cost of fuel, but it also means taking time out of your working day. Nobody needs this, especially if you are self-employed. Time is money!

What We Offer

Aston Black has an annual service with a flat fee to suit your online accounting needs. We have an online system to track your expenses and generate invoices. You will get quarterly VAT returns, annual accounts and corporation tax returns. On top of this, you will have access to a secure, online filing system, as well as monthly payroll information for the owner.

This is our standard package with no hidden fees. There are also additional extras available like personal tax returns and company closure.

If online accounting sounds like the best option for you, get in touch today to discuss your options with one of our accountants.