Cloud accounting and software for a fixed monthly fee.

Key benefits of cloud accounting

Cloud accounting is a cost-effective solution for enterprises and other organisations, as it eliminates the need to invest in hardware and accounting software. Cloud accounting software users need not worry about version updates or upgrades, maintenance costs and system/server failures – all these things are handled by the SaaS provider. Aside from capital savings and accessibility, other benefits of cloud accounting include:

Improves business performance
Business owners and managers have access to the latest data to see how the business is performing, as opposed to say outdated spreadsheets or financial reports from different departments. This gives you the edge in making timely decisions.
Reduced paperwork and error
Helps staff cut down on errors as they don’t have to use different spreadsheets or financials applications. Online accounting means financial data is always up-to-date.
Reduced workload for client-side computers
As software application functions (data processing and storage) are performed in the cloud, this minimises hardware and software demands on the user’s side. All that the user needs to run the system is a web-based browser, and the cloud’s network takes care of the rest.

Cloud accountants? We’re your friendly go-to guys for cloud accounting in South Melbourne.

Cloud accounting is also changing the way accountants and business clients interact with each other. The technology eliminates the need for different versions of the ledger and allows the accountant to update the books in real-time. With up-to-date financial data, as accountants we are able to provide more strategic advice to you, the business owner, in order to meet new challenges. The fundamental benefit of cloud computing for accounting is that it allows the accountant to act as an accountant and not as a bookkeeper.

The traditional method of obtaining a set of financial statements once a year is outdated. A financial statement is a set of historical data and provides no insight into how your business is travelling now, today. In contrast, having easy access to the latest financial information in the cloud means you can have an up-to-date view of the business, and make timely decisions.

Get into the cloud

Have an introductory chat with an expert in cloud accounting.

Get started towards enjoying the freedom and power of cloud accounting today.

Xero Cloud Accounting

Xero accountants South Melbourne

Xero’s online accounting software is used by over 200,000 clients in more than 100 countries. The software is delivered to customers as a service (SaaS) and therefore no setup fees, upgrade costs, or contracts are required. In addition, technical support is available round the clock through email and an online help centre.

Hosted in the cloud, Xero is accessible anywhere and anytime via an internet or wireless connection. Users just need to log in and begin their accounting work whether they are at home, in the office or on the go (like in a taxi with an iPad or tablet).

Xero’s cloud platform approach allows integration with popular business applications (eg: PayPal, ADP, Expensify, and Bill.com). This means users can connect all the tools they need for the smooth running of their business. For example:

Bank statement transactions automatically flow into your accounting software – no need for manual entry
Invoices can be created, customised and sent to recipients instantly
Pay all your outstanding bills at once, with only a few clicks.

Connecting us with our clients ‘in the cloud’

Xero is transforming the way we work as accounting professionals with our business clients. The Xero cloud-based accounting solution is built around the idea of a single ledger, which allows for greater collaboration between adviser and clients. Both parties have access to the same data, and can easily collaborate (eg: update information or generate a report) and make timely decisions, as needed, to improve business performance.

Xero helps small businesses save time on back-office processes, while giving us accountants the ability to provide higher-value, higher-impact services to our clients. It’s a win-win.

Xero accountant? That’s Billings+Ellis.

Xero is recommended by thousands of accountants all over the world. If you wish to take advantage of cloud-based computing in your business, Billings+Ellis can offer you the service at a fixed price per month. This includes the cost of the software at a reduced rate, and the provision of the following services to:

review your ledger on a monthly basis, reconcile all balance sheet items and fix any coding errors as necessary
prepare your business activity statement on a quarterly basis and lodge it with the Australian Taxation Office (ATO)
provide real-time advice as necessary on your business

It’s time to move your business into the future with online, cloud-based accounting applications providing real-time data to help you better manage your cash flow.

We can help get you started with Xero. Talk to us.

Class Cloud Accounting

Class cloud accounting software Class Super is the leading cloud software for administration of SMSFs (self- managed superannuation funds) and recommended by Billings+Ellis.

Class Super streamlines all aspects of SMSF administration, delivering a truly automated and highly cost effective solution. Our cloud-based SMSF accounting software enables us to manage all of your SMSF administration and reporting requirements from a single system – everything from set up to lodgment.

Class cloud accounting infographic