Migrating years of existing data from your current bookkeeping software is a daunting task. While it might be tempting to continue with old and outdated software solutions, there is a variety of reasons for upgrading.
With the government’s recent introduction of Making Tax Digital (MTD) and continued threats from cybercrime, having a suitable software system that is both compliant and secure is more important than ever. If you’re considering migrating your bookkeeping data to new software, then AMR can help.
Why should I upgrade my bookkeeping software?
As mentioned above, the government’s MTD initiative requires all VAT registered businesses with a taxable turnover above the VAT registration threshold (currently £85,000) to keep and send VAT returns using MTD approved software. You can find out more on our blog What is Making Tax Digital?
It’s important to ensure the software you choose for this purpose is compatible with the scheme – find software that’s compatible with Making Tax Digital.
Cybercrime and online investment scams have quadrupled during the lockdown. Fraudsters continue to use more and more sophisticated tactics to trick their victims and extract sensitive data from businesses. Using the most up-to-date software will help to safeguard your information and protect it from hackers.
If you aren’t already using cloud software, then we recommend making the move sooner rather than later. Cloud accounting software will help to improve the efficiency of your business by making everyday bookkeeping tasks easier and quicker to complete. Cloud software also allows your bookkeeper and accountant to quickly and easily access and input information as required so that updates can be made in real-time.
Which bookkeeping software should I use?
There are dozens of different bookkeeping software solutions available, so it can be difficult to choose which version is best for you. These include Xero, Sage and Quickbooks.
Here at AMR, we are proud to be Silver Xero Champions. Our certified bookkeeping and payroll teams can provide all the necessary training you might need to use Xero as well as ongoing support as and when you need it.
How can AMR Bookkeeping help with data migration?
Once you have made the decision to switch your software, we can help ensure the smooth transition of your bookkeeping data, including
- Assisting you with identifying the requirements you need from your new system
- Backing up data to keep it safe
- Formatting and mapping data to ensure a smooth transition from the old system to the new software
- Provide training and ongoing support for your business
If you would like further information about AMR Bookkeeping Solutions or any of our client services, do give us a call on 01892 559480, or get in touch via our online enquiry form here.
