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Cloud Based Accounting Services in Melbourne

Artificial Intelligence-driven Services

At Cloud8, we believe accounting and taxation service industries are transforming. Accounting and taxation services as we know they are being replaced by cloud-based automation and artificial intelligence-driven services.

The Cloud8 team are at the forefront of this transformation. We are committed to using the latest technology to provide affordable business services to help you run your business more efficiently. We are committed to equipping you, our valued clients, with customised, well researched and affordable taxation advisory services. Services at a level that traditionally has only been available to big businesses.

As our name suggests, we are 100% cloud-based

We are partnered with Xero to deliver a new, cloud-based accounting solution to our customers.

The Xero ecosystem is unique. The system is made up of over 700 apps and through providing access to these we will not only be your trusted cloud-based accountant and tax agent, we aim to be your business technology and applications advisors also.

We can help you to implement time and cost saving apps, driving your business to operate more efficiently and assisting you to achieve your goals.

What is XERO?

As a business owner, with a busy schedule, Xero’s cloud accounting solution helps you manage the daily demands of a small business. Xero immediately connects you with live, up to date numbers, invoices, reconciliations, trends, graphs.

Designed to be easy to use and accessible anytime, anywhere, across any device, Xero will be your right-hand assistant. Xero makes short work of managing your books, so you can spend more time doing what you love – running your business.

Cloud-based Accounting Melbourne

Through our Xero partnership,
Cloud8 are able to offer:

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Collaboration in the Cloud

You and your business advisors can use the same data sets at the same time to review financials, identify opportunities and identify areas of concern. This means you can work with your team of advisors to collaboratively address situations in real time.
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Mobile Access

We all know that business today is rarely centred in one place. You are always on the move, and now Xero’s solution can move with you. You can access accounts, invoice customers, upload receipts or check your account balances on the run. Anytime, anywhere on your smart phone or tablet.
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Online Invoicing

Shorten the time it takes to recieve payments for your jobs. Don’t waste time having to go back to the office to invoice your clients. Invoice on the go, while you are still onsite, as soon as the job is complete with Xero’s on-the-move services. You will also be notified when the client has viewed and paid the invoice.
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Automatic Reconciliation

Need a complete, up to date picture of your business right now? You can now reconcile your transactions on the go with Xero. If you have any questions, just leave a comment on the transaction and your advisor will review it for you.
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Painless Payroll

It can be the bane of a small business’s existence. Payroll can be time consuming and complicated. Xero have heard you and eliminated manual data entry in their accounting and payroll solution. Payments and tax updates are automatically completed, while the quick view portal provides you a comprehensive snapshot of your staff, timings and payroll.

Two Must Have Xero Features
for Small Businesses

Here at Cloud8, we understand small businesses. We were in the same position once too. From experience, we know there are two must have features that small businesses need.

Single Touch Payroll (STP)

Single Touch Payroll is a new way of salary reporting to the Australian Tax Office. The purpose is to encourage more frequent digital salary reporting – and it’s changing the way employers operate.

From 1 July 2018, Single Touch Payroll became mandatory for employers with 20 or more employees. From 1 July 2019, all Australian small business employers are required to report their payroll information this way.

At Cloud8 we believe Single Touch Payroll has the potential to significantly increase compliance costs for small businesses. Instead of reporting once a year, employers are required to send employee payroll information to the Tax Office at the same time as their standard pay run. This information includes salary, wages, PAYG withholding and superannuation. We know this can be an imposition. But with the help of our partnership with Xero, we can make the process easier than ever.

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Xero Single Touch Payroll

Single Touch Payroll through Xero is incredibly easy to set up, having been developed with small business needs in mind. The tool lets you file your pay runs with the Tax Office in just a few clicks.
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Flexible Pay Calendars

The tool gives you flexible pay calendars with weekly, fortnightly, twice a month or monthly options.
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Leave Management

Xero’s Single Touch Payroll also helps you manage employee leave, tracking and managing entitlements. In addition, staff can request leave online from their phones.
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SuperStream Compliant

Xero’s payroll solution is SuperStream compliant and has received a gold certification from the Asutralian Tax Office.
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Make sure your business is Single Touch Payroll compliant today.
Enquire with us or speak to your business advisor today!

Online, Real-time Invoicing

Are you spending too much time reconciling client invoices and chasing payments? At Cloud8 we can help you get paid faster with Xero’s online invoicing function.

Xero’s easy-to-use online invoicing software makes it simple for customers to pay you faster. The tool gives you the ability to:

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Create and Send Personalised, Professional Invoices

Explore the customisable templates, add or edit themes with your own branding or logo and make them yours.
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Take the Effort Out of Chasing Payments

Xero’s online invoicing tool can send automated invoice reminders to your clients. You just decide when and how often to send. The tool also allows you to see when a client has opened the invoice, and when it has been paid. In real time.
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Online Invoices are Quick and Easy to Create

No need for manual data entry, Xero’s online invoicing tool can do it all for you. The tool uses pre-set inventory, can replicate previous invoices and set up repeat invoices to make the process quicker and easier.
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Secure, Online Invoicing

Security of Xero’s system has been improved, with invoices automatically protected from unauthorised changes. The invoice is linked back to your system and a record is kept of any changes made. Xero also offer a two step security approach, protecting your email from being tampered with in addition to invoices.

Streamline your invoice process and get paid faster. Ask about Xero invoicing today!

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