Following on from achieving Xero certified adviser status, Steve Armitage (our Managing Partner) has been quick to add the Quickbooks Pro Adviser certification to his skill set.
QuickBooks is an accounting software package developed and marketed by Intuit. QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud based versions that accept business payments, manage and pay bills, and payroll functions.
As part of UBS’s strategy to adopt cloud based accounting technologies and associated applications, for existing and new clients, attaining certification for Xero and Quickbooks was an important starting point. Rather than focus on one accounting software provider we wanted to be able to offer clients a choice and we can now confidently do that. Steve Armitage (Managing Partner) has this view “As a business we want to be able to service as many sectors and clients as possible so being proficient, and recognised as such, by the two leading online accounting software vendors globally aligns itself with our strategic goals”.
You can use cloud-based software from any device with an internet connection. Online accounting means small business owners stay connected to their data and their accountants. The software can integrate with a whole ecosystem of add-ons. It’s scalable, cost effective and easy to use.
When cloud accounting software is compared with traditional accounting software the following weaknesses are apparent:
- The data in the system isn’t up to date and neither is the software.
- It only works on one computer and data bounces from place to place. For example, on a USB drive. This is not secure or reliable.
- Only one person has user access. Key people can’t access financial and customer details.
- It’s costly and complicated to keep backups (if done at all).
- It’s expensive, difficult and time consuming to upgrade the software.
- Customer support is expensive and slow.
Attaining Quickbooks Pro Adviser status provides existing and new clients with the assurance that they are handing their accounts set up and processing over to experts.
The next stage for us as a business will be to get more of our staff certified during 2016 and providing cloud based outsourced accounting to our many clients. We will also be looking at adopting many of the applications available as add on’s for Quickbooks and Xero to achieve greater efficiency for clients.