3 minute read
Moving your business finances into the cloud is one of the smartest decisions you can make, however, getting set up properly ensures you hit the ground running. Summa Cloud Accounting is a modern cloud-based platform built to streamline everyday accounting, reporting, and automation so you can focus on growing your business instead of wrestling with spreadsheets.
Here’s a step-by-step guide to getting started with Summa, plus extra insights on features that make it especially powerful.
1. Enter Your Core Company Details
Starting with the basics, input your company name, contact information, VAT details, and financial year settings.
Getting these details right early ensures that invoices, VAT reporting, and annual accounts are accurate from day one.
2. Tailor Your Chart of Accounts
The Chart of Accounts is the backbone of your financial reporting. Summa comes with a solid default structure, but you should:
This customised foundation will make your future reporting clearer and more actionable.
3. Add Customers and Suppliers
Next, import or create your customer and supplier records:
This step helps streamline invoicing and payment tracking later on.
4. Establish Products and Services
If your business sells goods or services, take a moment to set up:
This means every new invoice is faster to create and consistent in presentation and accounting.
5. Connect Your Bank and Enter Opening Balances
Summa supports bank statement reconciliation and works best when your system reflects reality:
Once done, your reports and reconciliations will be accurate and reliable.
6. Use AI and Automation to Reduce Manual Work
Summa Cloud Accounting includes a range of powerful tools that make bookkeeping faster and more accurate:
These features mean you spend less time on repetitive tasks and more time on value-adding activities.
7. Generate Reports That Inform Better Decisions
With 300+ different report types, Summa gives you financial clarity across the business, from profitability and cash flow to VAT and expense analysis. You can customise reports, export them, and use them to make informed decisions without manual calculations.
8. Set Users and Permissions for Team Collaboration
If others on your team will also use Summa:
Summa’s cloud-based nature means your team and advisors can work together without juggling files or access issues.
9. Test Key Transactions Before Going Live
Before fully switching over:
This final check helps catch setup gaps and ensures that once you start real transactions, everything runs smoothly.
Getting Summa Cloud Accounting configured well from the outset sets you up for a smoother financial workflow, deeper insights, and less stress at month-end or tax time. With powerful automation, real-time data access, and customisable tools built in, you’ll be well-equipped for smarter, faster accounting which is accessible through a web-based, always-up-to-date platform. Contact us today to get started with Summa Cloud Accounting.
