Financial management software
Accounting software
Powerful accounting software hosted in the cloud and designed to support the complex needs of medium business and Not For Profit organisations.
Cloud-based accounting software to simplify and streamline your financial accounting processes
Access Financials provides everything you need to manage your accounts efficiently, giving you the financial reporting you need to make better business decisions.
Streamlining and automating complex accounting processes helps eliminate duplication, improve controls, and enhance visibility. Feature-rich and highly configurable to your organisation, it adapts and evolves with you as you grow.
What is cloud-based accounting software?
Cloud-based accounting software, also known as web-based or online accounting software, is software that is hosted on a provider’s cloud server and accessed online through your browser. Unlike traditional on-premise accounting software, which is installed and runs on individual computers.
The real bonus that comes with cloud-based financial accounting software is the accessibility it offers. You and your team can access your accounts software anywhere, on any device – safe in the knowledge that you’re always working on the latest version and have the latest data to hand.
Access financial accounting software is hosted on our UK industry-leading cloud, so you’ll benefit from:
- Enterprise-level security: keeps your data safe against threats, data loss and leaks
- Automatic software upgrades: giving you access to all the latest features
- 100% uptime performance: automated backups and 24/7 support
- Compliance: with the ISO/IEC 27001 certificate for security
- Encryptions: on all transfers between your browser and our servers
- Security: Firewalls and a robust data centre infrastructure to keep information safe
Core accounting software features
From core ledgers to reconciliation, our financial cloud accounting software features everything you need to manage your accounting processes more efficiently.
- Advanced nominal ledger: with two entry segments (e.g. nominal code and cost centre) plus six further reporting categories
- Sales and purchase ledger: manage invoices, credit notes, secure BACs payments, Direct Debit processing, payments, statements, and aged debtor/creditor reporting
- Self-serve: allow people across your organisation to input financial data, action approvals and view reports using easy-to-use apps
- Automatic bank reconciliation: secure open banking integrations and automatic transaction matching
- Tax and VAT: calculate tax and VAT as you go, and submit tax returns digitally
- Corrections: change, merge and amend account records and transaction details with corrections tools – all with a full audit trail
Advanced accounting software features
Feature-rich, our financial accounting software streamlines and automates complex accounting processes – helping to eliminate duplication and improve controls, giving you the financial reporting you need to make better business decisions.
- Multi-dimensional ledgers: report from every angle – branch, department, group, fund or project – with three-segment nominal code entry. The flexible nominal ledger enables you to configure your accounts to your preferred management reporting style.
- Multiple entities: easily manage intercompany transactions and multi-entity accounting consolidation. Generate single-entity and consolidated financial statements at the click of a button
- Multi-currency: make light work of VAT for EU and non-EU transactions with multi-currency accounting and automated currency conversion using up-to-date exchange rates
- Transaction level user security: restrict what users can see at transaction level in the system
Share financial information easily
The ability to share financial information easily throughout your organisation has become more important than ever. Our Workspace Apps allow you to share key data and insights from your accounts system to the rest of your business.
- Find customers: search for any client held within your accounting system. View contact details, address, balances and further financial details
- Customer transactions: see transactions, details, the latest credit control notes and any transactions under query
- Find suppliers: search for suppliers held in your accounting system. View contact and financials details
- Purchase orders: see the ‘receive’ status of any orders. Drill down into the order items to see the receive status at item level.
Financial reporting and analytics features
Quickly and easily monitor, analyse and report your financial health and business performance, with live dashboards and real-time financial reporting.
- Dashboards: get an instant view of financial performance with interactive, configurable dashboards; including debtors and revenue, creditors and purchasing, and nominal and cashflow.
- Drill down: see key metrics, stats and insights, then drill down with smart search and filters to see the underlying data and granular detail
- Reports: generate hundreds of ready-made reports with a click of a button, making reporting and auditing easy
- Analytics: analyse financial, non-financial and third-party data
- Management reporting: easily create management reports in Excel with two-way integration with our Excel management reporting template
- Microsoft integration: view, update and approve financial data directly in Microsoft Outlook
Accounting software for UK businesses
Designed, developed and hosted on our UK-based industry-leading cloud, our financial cloud accounting software complies with the latest UK regulations, including GDPR, digital tax and UK statutory reporting requirements.
- Making Tax Digital (MTD): recognised by HMRC, Access Digital Tax application allows you to submit your VAT and tax returns directly to HMRC.
- GDPR compliant: Access Financials stores your data safely and securely in leading UK data centres. Plus, you can quickly search, update and delete records.
- CIS VAT reverse charge: businesses in the construction industry can submit reverse charge VAT returns at the click of a button
- Open banking: securely feed transactions from your bank to Access Financials.
See our accounting software in action
Cloud accounting software FAQs
What is financial accounting software?
Financial accounting software is a solution used by finance professionals and business owners to streamline and automate finance management processes. With accounting software you can, record transactions, manage customer and supplier contacts, create purchase orders, track stock levels, invoice customers, and monitor account balances.
Financial accounting software packages can vary in functionality, capabilities, size and integrations. Depending on the business requirements, accounting software can also include payroll processing, reconciliation, expense management and financial reporting. Additionally, some accounting software includes sector-specific features such as project accounting for professional services, or fund accounting for non-for-profit organisations.
Most accounting software is available online as cloud-based software rather than an on-premise solution. Cloud-based offers many benefits over on-premise, including allowing users to work from anywhere, at any time, automation of time-consuming manual processes and improving accuracy.
Why is financial accounting software important?
Finacial accounting software is important in helping businesses run day-to-day processes. It allows business and finance leaders to keep their fingers on the pulse of their financial performance.
Financial accounting software can also help a business run more smoothly, it can remove the manual, time-consuming tasks and give instant, real-time information.
3 benefits of financial accounting software
1. Instant financial reports
Accounting software has built-in reports that are automatically updated – easily download statements and insights. This will remove the need to spend hours compiling the month-end report. Most software will also allow for customised reporting.
2. Sync all your key financial data
Financial data can be stored over multiple platforms, it can take hours to go back and forth with each system. Accounting software can sync data from different sources via API, to create a complete financial record.
3. Data Accuracy
With accounting software, you do not need to enter values on excel spreadsheets, instead financial statements and reports will be automatically updated – ensuring data is free of errors.
How do I choose the right financial accounting software for my business?
Financial accounting software is one of the most important tools in any business. It helps businesses manage their financial data and effectively track their invoices, expenses and inventory etc.
The best way to choose an accounting software is to find one that meets your needs as a finance user and works for your business needs. If your business turnovers more than two million a year, it will have different requirements than those businesses that turnover less than one million a year. There are many software providers that will cater for small-medium-sized businesses.
Depending on your industry, you may consider software that supports businesses in your sector. For example, Access Financials supports businesses in Not-For-Profit and Charities, Health & Social Care and Professional Services.
Read our blog for 6 steps to help you choose the right accounting software.
What is cloud-based accounting software?
Cloud-based financial accounting software, also known as web-based or online accounting software, is software that is hosted on a provider’s cloud server and accessed online through your browser. Unlike traditional on-premise accounting software, which is installed and runs on individual computers.
The real bonus that comes with cloud-based accounting software is the accessibility it offers. You and your team can access your accounts software anywhere, on any device – safe in the knowledge that you’re always working on the latest version and have the latest data to hand.
How much does accounting software cost?
The cost of accounting software is primarily influenced by the features it includes and the number of users that are given access to it.
The price of a business’s accounting software package will increase as its needs grow and change, but the value that the software is able to provide also goes up as it enables financial teams to stay on top of increasingly complex processes.
While the cost of accounting software needs to make sense for your business, the cheapest option is unlikely to provide you with the most value in the long run. The best way to get the most for your money is to invest in future-proof features that your business needs to continue growing.
Read our full article on how much accounting software costs. This includes price comparisons, factors that affect the price, Access Group pricing plans and more.
Would you like to see our accounting software in action?
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Other features in our financial management software
Fixed assets
Simplify and automate fixed asset accounting
Stock control
Gain complete visibility of your inventory
Sales processing
Reducing sales processing time and mitigate risk
Purchasing
More efficient and controlled purchase processes
Project accounting
Improve control and visibility of your project's finances
Integrations
Connect with other Access products, third-party solutions and data sources
Reporting
See real-time business performance and produce financial reports - all within seconds