Bring your books into the digital age using Xero and Quickbooks Online.

As a business owner, you probably feel pulled in many directions at once and are expected to manage a myriad of operational areas. Even though you’re very good in your own area of expertise and may even be competent in quite a few other areas, it’s rare to be good at everything your company requires to be successful. Bookkeeping is a responsibility that presents significant challenges to many entrepreneurs: even if they know what needs to be done, they may find it mind-numbing and probably far too time-consuming.

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Unfortunately, no matter how much you dislike the number-crunching task, you need the data it produces in order to make informed business decisions. That’s where we come in.

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Why Virtual Bookkeeping?

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Upcloud Accounting’s virtual bookkeeping services free you up to focus where you’re most interested—and most needed—with the full confidence that your financial records, P&L statements, Accounts Receivable, and Accounts Payable reports are all getting the meticulous attention of true professionals. You’ll have your information whenever you need it and wherever you are: it’s all available in real-time, right at your fingertips.

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With the help of our professionals, you’ll not only get an immediate upgrade in your understanding of where your business stands and what you need to do to help it grow; you’ll also have the confidence that when banks and creditors ask for information, you’ll have accurate financial documents you can count on.

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Feel at Ease with Upcloud Accounting

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Our experienced advisors have been providing online accounting and bookkeeping services across many industries for years. We know you have your own system and priorities, and that letting go of your process requires a leap of faith. That’s why we take our time and listen carefully before we get started on your projects, asking all the right questions so you know that our services are tailored to your specific needs. Whether you only want us to handle a few tasks or want to turn over your entire accounting responsibility, we’ll do as much or as little as you want—all virtually—giving you back the precious time you’ve been missing.

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Benefits of Virtual Bookkeeping

• More time to spend on your areas of expertise and interest, especially if you’ve been trying to maintain the books yourself

• Up-to-date records and statements, always available in real time

• Avoid hiring and training staff bookkeepers & reduce overhead costs

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In order to grow your business and move it forward, you need to be able to focus on what’s important. By handing your bookkeeping tasks to Upcloud Accounting, you’re giving yourself the opportunity to move forward with projects you may have set aside and giving your business a true gift: the gift of your time and your undivided attention.

Own a Shopify, Etsy, or an Amazon store, but sick of the unmatched sales and income inventory records? Scaling big time soon, but getting stuck with reconciling taxes?

Enter Upcloud. We help E-commerce business owners who are sick of having the same accounting issues over and over again. Our main objective is for you to focus on scaling your business by providing support to your accounting and business needs.

Here are some of the pain points that most e-commerce businesses are facing with regard to their accounting:

​ • Different currencies and taxes.

• Hundreds of fee types.

• Many regions and marketplaces.

• Settlements that span month-end.

• Cost of goods sold (COGS) timing differences.

• High transaction volumes that can swamp Xero, QuickBooks or Sage.

Who needs a specialized E-commerce Accountant?

When you sell on an e-commerce platform such as Shopify, you want to ensure that your e-commerce accountant understands how the revenue and fees are paid. It is important that all revenue is recorded and that the fees are also recorded. The cash deposits you receive generally have the fees deducted and represent a net amount. You may also be using the payment plan options offered to your buyers from Shopify, which requires you to record the transactions in accordance with how the funds are received.

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An e-commerce bookkeeper should understand the reports available from Shopify. They should be able to pull the reports and make the necessary entries without your involvement. They should also be able to guide you in the permission levels they need to ensure they can work independently.

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Here are the tasks that our Upcloud Accountants do for their e-commerce clients:

• Chart of Accounts Update

• Catch-up Accounting

• Daily Bookkeeping

• Bank Reconciliation

• Financial Statement Preparation and Review

• Cost Per SKU Update

• Other Administrative Tasks

Financial Statements are the product of Accounting and Bookkeeping, get the most valuable financial information that will enable you to understand your finances, plan for future growth, and make the best decision for your business.

We ensure that your finances make sense and deliver financial reports to our clients regularly throughout the financial year – monthly or quarterly depending on your needs. There is no need to wait for the year-end. A company needs to understand how its business is performing at all times in the most accessible and easy-to-read format.

We utilize the benefits of cloud-based accounting to ensure that our clients can access and interpret their financial reports and financial data at any time and from any place.

Managing payroll may not seem like a critical task until something goes wrong.  It can be time-consuming, but, more importantly, it requires a good knowledge of the tax laws and deposit rules.

By outsourcing your payroll process to Upcloud Accounting, your business can benefit from an expertly run process that takes care and control of all employee-related payments as well as the mandatory filings of statutory taxes.​

Setting up, Employee Updates, Time sheets and Salary calculations, filing Pay as you go (PAYG) instalments and Superannuation (AU), etc using Xero Single-Touch Payroll, Gusto, or Quickbooks Payroll.​

With our automated payroll processes in place, we ensure that your company’s payroll is fully optimized across your business and never miss an employee-related payment or filing deadline again!

Are your accounting books a mess, outdated, and you’re not sure how to sort them out because of various reasons?

Fallen behind on their tax compliance with the Bureau of Internal Revenue (BIR)?

Missed important tax deadlines?

Misplaced important records or have poor compliance and reporting controls in place?

Don’t worry, we can help you!

How do we do it?

1. We perform our catch-up accounting service.

2. We collect historic receipts, invoices, tax documents, debt documentation, business expenses, and other financial and commercial documentation relating to your business.

3. We then record the information accurately and conduct any necessary reconciliations to get the latest and complete picture of your company’s finances.

4. Clear all the backlogs

5. Provide advice on the most efficient processes and controls to ensure your accounts remain in order