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Our Approach
Starting with MyCloud-Accounts is easy, backed by years of business experience. We cover your change from previous accountant/bookkeeper, bookkeeping, payroll, VAT returns, and statutory annual returns. But our service goes beyond that. Our goal is to simplify your day-to-day finance function, bring clarity, and support your growth. Let's tackle finance together!Your entrepreneurial adventure
You've overcome countless hurdles. Now, imagine a world where confusing numbers and complex financial management are no longer your headache.
Simplify
Your bookkeeping and accounting tasks simplified. You will save time and energy. We're here to take that weight off your shoulders!
Get Clarity
We don't just crunch numbers! We serve as your financial compass, illuminating the path to success. Our valuable advice will help your business soar to new heights.
Grow
With us handling the accounting, you'll have more room to focus on what you do best - creating, innovating, and growing your business.
Do we fit?
What we are looking for from Our Clients?
Let's Talk
Open and honest communication. Keep us in the loop about your financial goals, challenges, and even those little hiccups along the way - we're here to help. Let us know what you need and we'll do our best to support you.
Embrace change
This is a two-way communication and ideas exchange. Don't hesitate to share your creative ideas. Similarly, embrace the suggestions we're putting forward.
Partnership
We totally get it - crunching numbers can be a tad overwhelming. Work with us to provide timely information that fuels our top-notch service. Hand-in-hand, we turn stress into success.
YOU MAY NEED TO KNOW
Frequently Asked Questions
How to choose an accountant/ bookkeeper for my business?
Choosing the right accountant for your business is crucial and requires careful consideration. Check their qualifications, industry experience, and how comfortable they are with modern technology. Discuss fees upfront, check references, assess communication skills. Personal rapport matters as you'll share sensitive financial information. Consider adaptability and growth potential.
Cost is important, but the value they bring is paramount. Choose an accountant as a partner for your business journey.
What can go wrong when changing accountants?
Data Loss or Errors: With our modern bookkeeping software, your data is securely stored within Xero, FreeAgent, and QuickBooks. All you need to do is grant us access, and we'll take care of the rest!
Hidden Costs: We believe in being transparent with our pricing. We list all the services included in our engagement upfront. If there's any additional work we need to do, we'll review and discuss the price with you beforehand.
Timing and Delays: Rest assured, we have efficient processes in place for a seamless onboarding experience. We kindly ask you to carefully review the changeover date, allowing us enough time to make the transition as smooth as possible.
What are professional clearance and AML checks?
Professional clearance and Anti-Money Laundering (AML) checks are important procedures in the accounting and finance industry.
Professional Clearance: This is a process usually initiated when a client wishes to change their accountant. The new accountant communicates with the previous one to request 'professional clearance'. This is to ensure there aren't any professional reasons why the new accountant should not accept the client. The outgoing accountant may provide details about any issues with the client, such as disputes or unpaid fees, that the incoming accountant should be aware of.
AML Checks: AML refers to Anti-Money Laundering checks. These are legal requirements aimed at preventing illegal activities like money laundering and terrorist financing. AML checks involve verifying the identity of clients, understanding their business or occupation, assessing the risk level of potential clients, and monitoring transactions for anything unusual or suspicious. The aim is to ensure that the financial system isn't used for illicit purposes.
Both Professional Clearance and AML checks are integral to maintaining ethical and lawful practices in the accounting and finance industry.
Will I need to do anything once we start working together?
To effectively perform our duties, we will require various types of information from you on a regular basis.
For bookkeeping, you will need to provide us with receipts and bank statements.
For processing payroll we will need to know any changes to hours, salaries, pension arrangements and any expenses to be reimbursed to employees.
You may sign business leases and new loans - we will need these documents too.
Finally, we will need your financial goals and plans to provide relevant advice and financial planning.
Accurate and complete information, along with open communication, ensures we can serve your business effectively.