Cloud Accounting: What It Is and Why It Matters
Transactions are recorded in real-time, and you can connect your bank feeds, payroll, and invoicing tools directly to the system.
Benefits of Cloud Accounting
- Real-time financial data — Know your cash flow, profit, and VAT position instantly.
- Remote access — Manage your accounts from your phone, tablet, or laptop.
- Time and cost savings — Automate invoicing, bank reconciliations, and reporting.
- Better collaboration — Share live access with your accountant and team.
- Automatic backups — No risk of data loss if your computer crashes.
How Park Lane Helps Clients Set Up and Use Cloud Accounting
We don’t just recommend software — we:
- Set it up for you
- Connect your bank feeds
- Customise invoice templates
- Provide hands-on training
- Offer ongoing support and troubleshooting
This ensures you get the full benefits without the hassle of figuring it out alone.
Integrations That Simplify Your Workflow
Modern cloud accounting tools connect seamlessly with:
- Invoicing apps (like GoCardless, Stripe)
- Payroll software
- CRM systems
- Bank accounts (real-time feeds)
- Expense tracking tools
This means less data entry, fewer errors, and faster reporting.
Payroll Software We Use
All leading cloud platforms are MTD-compatible, letting you:
- Keep digital records.
- Submit VAT returns directly to HMRC.
- Stay ahead of tax legislation changes.
Park Lane ensures your cloud system is fully set up for MTD from day one.
FAQs About Data Security and GDPR
Is my data safe in the cloud?
Yes. Leading cloud platforms use bank-level encryption, secure servers, and regular backups to protect your data.
Are cloud accounting tools GDPR-compliant?
Absolutely. They’re designed to meet UK and EU data protection regulations, with clear privacy policies and user permissions to control data access.
Comparing the Top Cloud Platforms
| Platform | Best For | Key Features |
| Xero | Small to medium businesses | User-friendly, great integrations, scalable |
| QuickBooks | Freelancers and small businesses | Easy VAT handling |
Our Service Packages are bundled for value.
They illustrate that we have an offering for every stage of the business lifecycle.
Our Fixed fee Micro Package for small companies from just £100 + VAT monthly
Aimed at small businesses with revenue of £90k per year or more
For Your Business
- Annual accounts prepared and filing
- Companies House Confirmation statement filed
- Corporate Tax Return prepared and filed
- Payroll processing & filing for Directors and employees
- Profit extraction advice & tax mitigation planning meeting annually
- Access to your businesses secure e-vault
- Accounting software available - Xero or Quickbooks
For You
- Personal Tax Return and computation submissions
- Payment reminders included for January & July
- Rental accounts, share dividends, interest all included.
- Access to your personal secure e-vault
Plus unlimited e-mail support only from your named accountant client manager.
Our Business Package starts from £150 + VAT monthly
Aimed at established businesses with revenues over £90k with an accounting system in place
For Your Business
- Everything in our Micro Package for your business Plus
- VAT check & filing quarterly
- Ongoing bookkeeping advice & assistance with reconciliations
- Pre year end meeting to identify tax saving opportunities and actions.
- Post year end review with full explanation of results
For You
- Everything in our Micro Package for you Plus
- Pre tax year end meeting to identify potential tax saving opportunities
- Review of profit extraction advice and "what if" scenario illustrations
- 2 accountants references for mortgage or loan applications included
Plus unlimited e-mail support & unlimited telephone support from your named accountant client manager.
Our Grow & Control package from £400 + VAT monthly
Aimed at established businesses with the desire to grow and have all the numbers to hand.
For Your Business
- Everything in our Business Package for your business Plus
- Our assistance with planning and budgeting for your business - if you are serious you need a plan!
- Our flagship bookkeeping service delivered by our experienced and fully trained bookkeepers.
- Monthly or Quarterly management accounts with comments and insights
- Quarterly review in person with your account manager - designed to identify key actions to improve or grow your business
For You
- Everything in our Business Package for you Plus
- Consultation on planning for business exit, sale, retirement or succession - a personal plan for you and your family.
Plus unlimited e-mail support & unlimited telephone support from a named accountant client manager.
Why Choose Park Lane Accountants
Friendly service
At Park Lane, we care about you and your business, and we’re always just a phone call or email away
Peace of mind
Our helpful, jargon-free approach takes the stress out of tax, bookkeeping, payroll, pensions and more
Grow your business
Using our experience and expertise, we can help you identify and capitalise on new opportunities
Modern tools
We use the latest cloud-based accounting software to keep your finances up-to-date, accessible and secure
We are your local accountant - always
Based in the community, we understand local needs and are proud to support other small and growing businesses. That said our reach is far and we know that our clients value the relationship we hold above everything else.