Make your life easier and your business more efficient with the latest accounting software

Make your life easier and your business more efficient with the latest accounting software Do you ever feel that the number of different roles you have to take on to ensure your business operates smoothly is too much for you? From advertising and selli …

Make your life easier and your business more efficient with the latest accounting software

Do you ever feel that the number of different roles you have to take on to ensure your business operates smoothly is too much for you?

From advertising and selling your goods or services and managing your team, to dealing with suppliers and ensuring your finances are up to date, it can feel like a never-ending task.

The modern, technology-driven world undoubtedly brings huge demands but also great opportunity to grow your business, increase accuracy, and bring in efficiencies that can save you valuable hours. Think about the minutes or hours you spend on any particular task in your business and it is almost certain that there is a way in which the time spent can be reduced without impacting negatively on the output.

Over the past few years we have been looking at what software is available and have made steps to implement changes internally, as well as assisting our clients on their journey to more automated processes.

Through our ongoing work to review the new technology as it hits the market we are happy to share with you a short list of recommended solutions that we believe may provide a valuable tool for you and your business. What you see below is far from an exhaustive list, so if you do think back to those pain points in your business and would like to know if there is a solution that can help, do let us know and we can see what assistance is available to you.

Dext, which used to be known as Receipt Bank, has three offerings at present:

  • Prepare; which works to collect and extract the data from your receipts so that it can be exported into your accounting software. It is compliant with HMRC’s requirements for keeping records, so you do not need to retain the paperwork once it has been uploaded. This simple solution works best as a phone app and can save you hours of time along with the physical space saving benefits.
  • Precision; once the data is in your software, Dext Precision is an analytics tool allowing users to review the data and really keep it tidy and meaningful.
  • Commerce; another new offering that we’ve recently started using. This is of great benefit to businesses who sell on digital platforms such as Amazon, Etsy, Woo, Ebay, and others.

Joiin – this is our newest offering and will provide great value to those of you who have multiple businesses and want easy access to consolidated financial reporting. The software integrates with Xero, Sage, Quickbooks, and even spreadsheets and can provide great looking reports which can give you important insights into performance.

Fluidly – this is an app we use to provide cashflow forecasting so we can assist businesses with scenario planning. Fluidly also offer funding options which could be of great value in these difficult times.

Last but not least is our frequently recommended accounting software of choice, Xero. This is where all the financial data comes together. It is also compatible with HMRC for their Making Tax Digital requirements and offers an online filing solution for VAT, CIS, PAYE, and accounts. It works equally well for sole-traders, landlords, and limited companies.

To find out more about these and the other software we use and how it can help you contact Rob Ward in our BSU and he will explain all.

For more information on Charterhouse and the services we offer have a look at our website.