Cloud Accounting

Cloud Accounting.

With the ever-expanding influence that technology has on our lives, it was only a matter of time before this made its way into the accountancy software sector. 

The adoption of this has been sped up by Making Tax Digital (MTD) is a key part of the government’s plans to revolutionise how you keep your accounting records and submit these to HMRC. 

Those businesses who are VAT registered will already be familiar with MTD and how VAT records have to now be submitted through approved software at your own expense.

The biggest change is yet to come – from April 2026 those self employed businesses and landlords with annual business income or rent over £10,000 (turnover not profit) will be required to keep records digitally in approved software and submit financial data to HMRC on a quarterly basis. 

With a proposed roll out of 2026, there is also MTD looming for Corporation Tax, this will mean the core aspects of business taxation will be covered, but strict reporting requirements on to all business, both large and small. 

Cloud accounting provides an essential tool to stay compliant with these rules, not just with the requirements of HMRC, regarding the reporting of transactions in the correct format, but also providing a brilliant interface between accountant and client. 

Through the implementation of such software and associated addons such as data capture software, time and cost efficiencies can easily be achieved.

Accounting Software 

Here at DTJ we have experience of a wide array of the available options and can offer the advice and support in choosing, adopting and running one of these systems within your business. 

As a Xero Partner and accredited firm and support a multitude of clients throughout the accounting process from start to finish on this application. 

Add-ons and Integrations 

The capabilities and experience of the software are often enhanced by the add-ons and integrations available.  

There are massive efficiencies to be gained from the wide array of data extraction, document storage, payment processing and stock management to name but a few. 

As a Xero Partner and accredited firm and support a multitude of clients throughout the accounting process from start to finish on this application.

Find out more about our partnership with Xero here.

https://www.xero.com/uk/advisors/accountant/dtj-accountancy-limited-f4cfe4528eae/