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As a contractor, managing your time is one of the most important ways to stay productive and help advance your company’s progress. Often the minor tasks are the things which take up your time and energy. Investing in an online accountancy service makes your life easier because it gives you several advantages that will benefit you and your business.
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As a contractor, managing your time is one of the most important ways to stay productive and help advance your company’s progress. Often the minor tasks are the things which take up your time and energy. Investing in an online accountancy service makes your life easier because it gives you several advantages that will benefit you and your business. Some of these benefits are: 1. Fast and easy accounting Online accounting software is now readily accessible to everyone. The software is designed to be user-friendly and because of the easy-to-use features, keeping your accounts in check has never been simpler. We will upload your limited company’s information for you and vital data like accounting dates, VAT number and bank account details. So straight away you are ready to go! 2. Cost-efficiency When using online accounting software, you won’t have the struggle of manually matching your accounting data and bank accounts since this is processed automatically within the system. Anytime’s services incorporates a free subscription to FreeAgent, worth £29/month, which includes the ‘Bank Feed’ feature. So, instead of downloading and uploading electronic statements, just connect your FreeAgent account to your online bank account and it will import your transactions. Saving you time and money. 3. Accessibility Gain easy access to your financial information anytime, anywhere. Online accountancy software allows you to even send an invoice from your mobile, record your mileage claim and even plan ahead with Corporation Tax forecasting.
4. Real time information One of the best things about online accounting software is not having to worry about updates! Updating your software should not be one of your problems since you already have enough to worry about with the daily rigmarole of contracting life. Being a ‘live’ application, the data is real-time, equipping you with the information you need to make informed business decisions. 5. Increased Productivity As a contractor, hiring an online accountant is a wise decision because these accountants specialise in what you do. You can focus on your business and know that you are turning over your tiring paper work and tedious accounts to the experts. 6. Security Storing your data and information online can reduce problems such as loss of data, misplaced bank receipts and corrupt spreadsheets. In addition, online accountancy firms must ensure the confidentiality and overall security of their clients’ sensitive information. FreeAgent for example guarantees that all information which passes between their servers and a contractor’s computer is encrypted using high-grade 256-bit Secure Sockets Layer (SSL) technology, the same technology that banks use to protect data. As a business owner, having to manage your own company requires strong focus and energy. Having to manually track your financial affairs should not be adding to your workload, which is why as one of UK’s leading accountancy firms, Anytime makes sure you get all your legal obligations taken care of so you can enjoy the perfect balance between work and personal time.
