Embracing the digital journey: Why you should migrate to online accounting software

In this blog, I highlight some of the key steps and things you need to consider if you’re thinking of changing from manual record-keeping to online accounting software. Even if you’re not planning to listen to our podcast series, you can still benefit from these insights which summarise our chat.

You can find a link to the full Digital Insights podcast series at the bottom of this page if you want to listen to the whole series in full.

There are a multitude of benefits that come with adopting online accounting software including getting paid faster! Read on for more benefits and our top tips.

Our top tips:

• Understand the benefits: There are so many advantages of online accounting software. These include eliminating paper, automating processes and getting paid faster. Online accounting provides tools that can supercharge your business! These tools allow you to manage your finances more efficiently which, in turn, can help with decision making. We can help you to find the software that best suits your business needs.
• Plan your transition: Careful planning is crucial. Changing to digital tools can be challenging, especially if your business has been used to more traditional methods. Create a timeline for your transition and aim to begin at the start of a new financial year for a smoother transition.
• Don't fear change: Sticking to the phrase "we've always done it that way" can be detrimental. The business landscape is constantly evolving, and being adaptable is essential for growth and success. We encourage businesses to understand the benefits of digital transformation and to explore available software solutions that best suit their needs.
• Data migration tools: If you're transferring data from your old system, make sure you have the right tools and support to facilitate this process. Research available software solutions and choose the one that aligns with your business's requirements. When migrating data to online software, it's important to plan the process carefully; assess whether all historical data needs to be moved to the new system, as sometimes it's more efficient to only bring over opening balances.
• Training your team: It's essential that all team members are trained in using the new software to maximise its potential once it goes live.
• Continuous monitoring: After the transition, closely monitor how you use the software. This allows you to adapt, refine and build on your technology strategy effectively.

By following these steps, you can successfully migrate to online accounting software, even if you don't tune in to our podcast.

Remember that change, when managed correctly, can supercharge your business and open up new opportunities for growth and efficiency. Digital tools have the power to revolutionise your business, and with the right support and strategy, you can embrace this change with confidence.

Digital Manager Jessica Rafferty-Smith and I chat about all things digital on our dedicated Digital Insights podcast series – just click here to listen or find out more.

Martin Bugg