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Cloud Accounting

Wednesday, August 1, 2012

Bookkeeping practices are undergoing significant change with the introduction and adoption of on-line accounting packages.

Xero is a fully online package where the software and data are all hosted in the cloud. It is only available online. Intuit Quickbooks offers a similar model.

MYOB also offers a cloud accounting package. They have also developed a hybrid package, where the software sits on your laptop or computer, but can be accessed online by various users. The data is synchronised in the cloud. MYOB continues to offer their traditional desktop accounting and bookkeeping packages.

Reckon is developing an online system of modules, where users add or remove modules as required.

All are subscription based, which means you pay a monthly fee to access the software and data. A variety of subscription levels are offered. There are also an ever increasing number of apps available as plugins for the online software which allow the user to customise their bookkeeping system to their own particular needs.

Whether or not the advantages of these online systems represent good value for money, will depend on the individual business. For some businesses, these solutions can represent significant costs and may not be considered cost-effective.

For others, the advantages of live bank feeds, where bank transactions are relayed into your data file on a real time basis, and the flexibility of being able to access your file from any online device at any time the internet is available means the cost is well worth it.

If you would like to discuss what package might be most suitable for your business, please feel free to give Sheree a call on 0402 347 610.

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We are confident that our books and returns are up to date, delivered on time, and meeting our compliance obligations leaving me time to focus on other important business matters.

- Dick De La Rue, Beveridge Scoria

My accounts were in a mess before we engaged Sheree. Now we are totally organised! Sheree is very efficient and easy to work with. Thanks Sheree!

- Frank Mash, FISA Pty Ltd

The role of bookkeeping has grown to reflect the changing needs of our business, and Swag Bookkeeping is now an integral part of our operations.

- James A Michell, Sentdale Wool

It certainly takes the pressure off me and I feel I can put a lot of trust in to Sheree and what she does for me and my business. What takes her a few
hours would take me days.

- Johanna Clark, Naturopath

We would have no hesitation in recommending Swag Bookkeeping for their friendly manner and professional service.

- John Hall & David Patmore, Ultratune Epping

Swag Bookkeeping have worked alongside Blick for a number of years. Professional, reliable and notably have saved us money and by bringing effective financial process to our business.

- Mark Schiffer, Blick Creative

I reached out to Sheree and she could not do enough to help my friend’s son.

She is an amazing bookkeeper and individual that will make a difference to your business!

- Marina, Letz Create

Sheree has been doing my bookkeeping now for 2 years including my constantly unbalanced trust accounts. Sheree is always on time. Sheree’s professionalism and attention to detail are outstanding.

- Rowan Skinner and Associates Lawyers

We have found that Sheree and her team offer fantastic value for money tailoring a solution to suit our needs. Swag goes above and beyond.  If you are a trade-based business their knowledge of the additional government funds such as co-invest is highly regarded and can save you time and benefit your staff.

- Kate Walsh-Rose- Rex Plumbing GM
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Please get in touch with the SWAG team to find out how we can help you, and receive a free 1 hour consultation.

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