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01326 378288
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GW & Co. Ltd Chartered Certified Accountants
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What You Need to Know About Cloud Accounting

What are the advantages of going digital?

Digital accounting software has significant advantages over the traditional ways of bookkeeping.

Imagine if you could:

  • See a clear picture of your current financial position, in real-time;
  • Have your accounts 100% online, so there’s no software to install and everything is backed up automatically.
  • Updates are free and instantly available;
  • Avoid upfront accounting software costs – upgrades, maintenance, system administration costs and server failures are no longer an issue;
  • Have your bank feed your data directly into your accounts on a DAILY basis;
  • Take a photo on your phone of a purchase invoice and it was posted automatically; AND
  •  See your results, who owes you money, who you owe to and your business bank balance 24/7, 365 from your phone.

What can I REALLY do with digital accounting software?

  • Create and send invoices on the go
  • Track sales, purchases, debtors and creditors
  • Connect to your online banking
  • View a snapshot of your business
  • Estimate tax payments
  • Easy tax filing that matches HMRC requirements
  • Manage customers and suppliers
  • Create estimates, purchase orders and manage your stock

How do we make the change?

As quickly as possible! All we need is a commitment to change and we will take you through a step by step process which means you will be up and running in no time AND we will:

  • Extract your existing data and upload this to your new digital accounting software;
  • Link your accounts to your bank account;
  • Enable Apps to your phone or tablet to let you work “on the go”;
  •  Demonstrate the system and show you how to get the most from your accounts.

Security of data in transit

It is virtually impossible to stop a determined and knowledgeable individual to intercept data that is transferred between yourself and a server on the internet. However, it is possible to encrypt that data in such a way that it is unreadable to anyone or any machine apart from your computer and the server itself.

We use the same encryption techniques used by all major internet banking facilities and online e-commerce transactions. You will see a small padlock icon appear at the bottom of your browser when you register or login to your KashFlow account. This means that the data being transferred is encrypted using a 1024 bit RSA key. This encrypting method is referred to as SSL (Secure Socket Layers) and is currently the industry standard for encrypting transactional information on the internet.

Security of data in storage

The servers that power KashFlow are highly secure and are protected by an advanced firewall. The firewall and the servers are monitored 24 hours a day for any suspicious activity. So you can rest assured that even whilst you sleep your data is being actively protected. It would be easier to break in to your office to steal your accounting information than it would be to break in to Kashflow servers.

The only area of security for which we don’t have control of is your own computer.
It is important that you install a virus scanner and ensure that you keep it updated.

Physical Security of Data

Kashflow have chosen Rackspace as the provider for their servers, based in London.

Not only are Rackspace the world’s leader in website hosting, boasting a zero-downtime network, they have a state of the art high security data centre built from the ground up, that includes keycard protocols, biometric scanning and round-the-clock surveillance.

For further piece of mind, only authorized personnel are granted access to the data centre, no one else can enter the production area of the data centre without prior clearance and an appropriate escort. All data centre employees also undergo multiple and thorough background security checks before they’re hired.

Kashflow also have a real-time backup at a data centre in the north of the country. So if there is a serious problem at the main data centre it can be back up and running in minutes with zero data loss.

 

Is Data Safer on Your Computer Than on the Web?

There is a misconception that somehow data stored on your PC or Mac is more secure than data stored on an internet server. Actually, the reverse is true.

Contact Us

Waterside Court
Falmouth Road
Penryn, Cornwall
TR10 8AW

info@gw-accountants.co.uk

01326 378288

Registered in England. Company No. 11991491

Regulated for a range of investment business activities by the Association of Chartered Certified Accountants in England & Wales.

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