Cloud accounting is probably one of the best things to happen to business owners.

The convenience of accessing your information and even sending invoices from your internet device is a dream for many business owners. Whilst it may not be ideal for every business its makes perfect sense for many small business owners.

There are many good online cloud based accounting solutions to be found depending upon your needs as a business. At Leenane Templeton Accountants we can work with you to decide what the best cloud based accounting solution is for your needs.

The cloud based solutions we consider all follow standard double-entry accounting rules, have a customizable Chart of Accounts and the ability to create journal entries. You can create records for customers, vendors, items and employees. Using that data, your business can manage its income and expenses via transactional forms, such as invoices and bills.

Payroll processing is available in many of these cloud based solutions and financial reports give accountants and managers critical information about the company’s financial standing.

Our accountants in Newcastle can monitor your accounts without the need of a download and can help to efficiently review your business and help with reporting.

Our most popular ones include:

Xero (Leenane Templeton has been awarded Xero Gold Partnership)
MYOB Essentials
QuickBooks Online Plus
Wave accounting