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 |
Understanding your finances?
Keeping your records up to date?
Meeting Deadlines?
Contacting your accountant for help and advice?
Growing your business?
You know what to do
-
Understanding your finances?
-
Keeping your records up to date?
-
Meeting Deadlines?
-
Contacting your accountant for help and advice?
-
Growing your business?
You know what to do
Technology is changing the way we do business and how accounts are kept. Soon the government will require many businesses to submit their tax information via the cloud. At Park Lane Accountants we want to make sure nobody gets left behind. We’ll introduce you to cloud accounting and help you implement the right tools for your business.
Our Service Packages are bundled for value.
They illustrate that we have an offering for every stage of the business lifecycle.
Our Service Packages are bundled for value.
They illustrate that we have an offering for every stage of the business lifecycle.
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 BusinessEverything in our Business Package for your business PlusOur 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 insightsQuarterly review in person with your account manager - designed to identify key actions to improve or grow your businessFor YouEverything in our Business Package for you PlusConsultation 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. Discover how our tailored strategies can empower your growth and ensure you are always one step ahead in your financial journey. With our expert guidance, you can navigate the complexities of business expansion with confidence and clarity. Our commitment to your success means we are always here to provide the insights and support you need to thrive in today’s competitive landscape.
Why Choose Park Lane Accountants
Peace of mind
Grow your business
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.