What is real time accounting?

Put simply, it is the ability to process and access your up to date financial information any-time, anywhere, allowing you to make well informed business decisions faster and respond to the ever changing world in which we find ourselves.

By combining a range of applications to gather and process information as it becomes available, businesses can spend less time processing paperwork and more time growing their business.

Benefits of real time accounting

• Cut down on processing time through automated information gathering – bank feeds, invoice fetching, recurring invoices, AI assistance.
• Reduce paper through built in online document storage
• Automated information processing using character recognition software
• Source documentation attached to the specific transaction meaning no more looking for invoices.
• Customised reporting, budgeting and forecasting
• No expensive hardware requirements – just a web browser and an internet connection
• Automatic software updates
• Remote working and unlimited users
• Allows accountants and advisors to access the same system, improves support and brings forward compliance
• Accurate, up to date information, faster.

Real time accounting services we offer

• Customised systems built to suit the needs of your business, combining a range of applications and methods
• Migration to cloud accounting software
• Customised training program
• Ongoing support packages
• Development of customised reporting templates
• Preparation and submission of VAT returns
• Bookkeeping, preparation of management reporting and monitoring of budgets, cash flow
• Liaise with accounts and tax departments to ensure efficient, accurate and timely production of accounts
• Payroll processing
• Hubdoc training and implementation to migrate to online document storage