Accounting systems are powerful, accessible and affordable business management solutions.

Their major advantage over the old cash book method is that they alleviate the increasing administrative burden - eg BAS preparation - and provide business owners the necessary insights to run their businesses more successfully.

At Sheridans we are advisors of XERO, MYOB, Quickbooks and Cashflow Manager.

We can offer you a free half hour no obligation consultation and are able to provide a complete service from start to finish.

This includes:

• Review of business computer requirements
• Selection of the most appropriate Accounting system to suit your requirements 
• Conversions from one system to another
• Set up the system including Chart of Accounts, Payroll, Items, Customers, Suppliers etc
• Training in the proper use of the system
• Ongoing telephone, email or face to face assistance/advice.

Businesses who utilise an online accounting system are carrying on the concept of cloud accounting, that is, they are storing their data "in the clouds".

The times have changed and the possibilities are staggering - computers are becoming smaller and lighter and all the data can now be kept online.  This has only become possible with increasingly fast broadband speeds and vast amounts of Random Access Memory (RAM) compared to just a few years ago.  It also opens up a whole world of iPhones, iPads and notebooks - and you can be assured that we are only just seeing the start of it.
 
At Sheridans, we believe that "cloud accounting" will substantially replace locally installed copies of Accounting systems in the not too distant future. 


Top 10 Advantages of Online "Cloud" Accounting Systems

• You can access your accounts and run your business from anywhere in the world.  Online accounting systems can be accessed from any Internet connection through your web browser.  No additional software is required.

• Your trusted advisors can log in and access your financial data - providing valuable real-time advice.  No more sending files via email or memory stick.

• Online accounting systems can be used by authorised users on any system, anywhere and at any time  – Mac, PC, iPhone, Blackberry, iPad, Windows Mobile etc.

• All system updates and new features are automatic and available next time you log in - no more tedious software installations.

• Your accounting data is stored on secure external servers and is automatically backed up - so even if your computer is lost or stolen your data is still safe.

• You can greatly reduce the cost of hiring an accountant if your finances are stored within an online accounting system.

• Online accounting systems are easy to learn, simple and fun to use.

• Low monthly subscription cost and no contracts.  Paying for your online accounting system on a month by month basis will assist cash flow.

• Bank transactions can be automatically imported into your online accounting system daily, so you don't waste precious time entering bank transactions manually.

• Intuitive bank reconciliation means that your online accounting system will find the best match to code your accounts.  All you have to do is click OK.  You can easily identify unreconciled items and reconcile when you need to - daily, weekly or monthly.

What we really like about cloud accounting is being able to access the financial health of your business at any time.  As your advisor, we will always have access to the latest information.  We can both log in at the same time with no more worries about different versions or trying to get across town for a physical meeting.