From the land to the cloud
The rural industry is steeped in tradition, refining and improving centuries-old skills and techniques as the decades tick by.
1 minute to read
That process is extending to accounting, as the old ‘big red books’ with handwritten numbers give way to digital software and cloud-based bookkeeping tailored to farmers and estates.
HMRC now requires VAT returns to be submitted using compatible software that links directly with the government, but reasons to go digital extend beyond necessity. Not only are the new methods more accurate, clients can also access their records from moment to moment, adding unparalleled transparency. The move comes at an opportune moment, as many landowners diversify into a greater array of sectors such as wine production.
Knight Frank’s specialist Accounts team can provide advice and support on the introduction of digital and integrated software for your business.
Elin Jones, Rural Client Accounting