INSIGHTS

REBUILDING SOUTH AFRICA’S ECONOMY WITH MMS CLOUD ACCOUNTING

As SME’s struggle to regain their footing amid the economic downturn caused by the pandemic, accountants and bookkeepers can play a vital role in the rebuilding of the economy. Preparing and tackling the months that lie ahead can be navigated easier through planning, adaptability and partnering with the right accounting firm!

As a business owner, you can rely on us due to the following:

The mind, tool, and skillset that a South African Accountant possesses
Our MMS Cloud Accountants are always honing their mindsets, toolsets, and skillsets in various ways to provide clients with the most dynamic and up-to-date accounting processes and procedures available. We keep abreast of the latest in the platforms we use in order to assist SMME’s with the ability to transition to a fully digital accounting platform. South African accountants are a massively untapped resource of skills and ingenuity. Partnering with the right accounting firm can be the key to unlocking valuable insights and possibilities for various SMME’s.

The Advantage of Collaborating with MMS Cloud Accounting
The need for the shift from simply communicating to rather collaborating between client and vendor is a resource that should be tapped into. The advantages of collaboration include increased productivity, innovative ideas seen to fruition, and the fostering of a beneficial relationship. Taking collaboration to the next level is possible when you rely on an accounting firm that works on and understands the specific platform, which in this case is Xero.

Xero’s VAT Tools
In a bid to streamline resources and offer tools that add value to a business, Xero will be launching two new cloud VAT tools soon. Look out for the VAT201 form and Late Claims functionality. These will help to simplify the reconciliation and submission process – increasing efficiency and reducing errors.

Bank Feeds
Xero is making data entry quick and easy by introducing bank feeds into their compatibility functions. The ability to import bank statements will reduce data entry and resources significantly. This feature will be rolling out soon and promises to make cloud accounting a better way of well… accounting.

Our Accounting Packages:

Base – Business Assistant
Core – Business Leader
Premium – Business Champion

As we have partnered with Xero to bring our clients the best in cloud accounting solutions, we are happy to report that the innovation and new releases are of significant importance to not only us but our clients.

Reach out to our team if you need an expert partner in cloud accounting, or email paul@mmsgroup.co.za for assistance.