With HMRC making its intentions clear with regards to making tax digital now is the time to make the move to cloud accounting software. Cloud accounting software enables you to manage your business in real time. By making the move to real time, you can use management accounts to manage your business on a day-to-day basis. Real-time accounting gives you financial data instantaneously, such as profit and loss, balance sheet values, who owes you money, who you owe money to and much more. Having access to this data means that you can react quickly to the needs of your business.
