Over the past few years, more and more businesses have adopted Cloud accounting solutions and apps.

However, despite making the switch, many businesses are only using a fraction of the potential benefits offered by Cloud software providers such as Xero, QuickBooks and Sage.

There is an app for virtually everything, whether it is storing receipts and expenses for automatic reconciliation or managing super-fast payments via open-banking – all of which could save your business time and valuable resources.

Creating an app stack (a collection of related Cloud programs) could help you manage your business more effectively, as well as delivering the latest financial insights directly to your phone or laptop.

The ‘always-on’ 24/7 benefits of the Cloud make it a powerful tool for decision-making, as a number of savvy business owners have already discovered.

Combined with collaboration from your accountant, Cloud-based solutions will provide you with readily available, real-time data and information at your fingertips to help you make timely decisions and optimise both your operational and financial business health.

If you would like the team at McGills to review your clients’ systems and suggest suitable innovations, please get in touch with us.