Inform Direct Returns To Accountex Summit Manchester
Company secretarial software specialist Inform Direct, based in Ipswich, is returning to exhibit at this year’s Accountex Summit Manchester, having achieved a major business milestone since it attended last Autumn.
The business has continued to see rapid growth in its user base with the result that the team has recently celebrated having 300,000 companies on its online platform.
It has also announced new software features to enhance its cosec offering, delivering even greater functionality for accountancy practices.
These incorporate: a number of powerful options to automate the filing of confirmation statements, including the ability to automatically email clients with details when a confirmation is due to be filed. Other features further support data integrity and easy reuse of information, with further customisation options enabling accountants to tailor their use of the software.
Over recent months, Inform Direct has been awarded the Platinum Trusted Service Award by Feefo, the ratings, reviews and customer analytics platform, for the fourth year running in recognition of its outstanding commitment to customer service.
Inform Direct CEO Henry Catchpole said: “Accountex Summit Manchester provides a perfect opportunity for us to meet new accountants and catch up with our existing customers too.
“The team is looking forward to demonstrating how our company secretarial software can help accountancy practices whatever the size, enhancing what they can offer to clients, delivering greater efficiency and saving time that can be spent on developing the business. We are also keen to chat to current users to obtain valuable feedback which will inform our next phase of product development.”
Global FPO showcasing Accounting Solutions at upcoming Accountex Summit Manchester 2023
Global FPO, India’s Top Outsourcing and consulting firm providing accounting, bookkeeping, audit support, and tax solutions, we are excited to announce its participation in the upcoming Accountex Summit, scheduled to take place on September 19, 2023, in Manchester, UK. This highly anticipated event brings together professionals, thought leaders and industry experts from the accounting and finance sectors to share insights, discuss emerging trends, and highlight innovative solutions.
As an exhibitor, Global FPO (Stand Number D20) will use the show to demonstrate its innovative accounting solutions and highlight its commitment to driving efficiency, accuracy, and excellence in financial operations. With a diverse range of services, Global FPO offers scalable and customised accounting and taxation solutions to meet the unique requirements of businesses across various industries.
Accountex Summit Manchester serves as an invaluable networking opportunity, allowing attendees to connect with Global FPO leaders, exchange knowledge, and explore strategic partnerships. Global FPO aim to foster collaboration, share industry insights, and create opportunities for growth and innovation.
With a focus on streamlining processes, reducing costs, and improving overall financial performance, Global FPO's solutions empower businesses to achieve greater efficiency and profitability.
One of the critical highlights of Global FPO's participation will be the unveiling of its capabilities and capacity to assist accounting firms and best-in-class practices which are designed to revolutionise the way businesses manage their financial operations. This platform integrates advanced analytics and learning capabilities to provide real-time visibility, intelligent reporting, and predictive insights, enabling companies to confidently make data-driven decisions.
"We are thrilled to participate in the Accountex Summit and have the opportunity to showcase our innovative accounting solutions," said Vaibhav Jain, Co-Founder and Director of Operations at Global FPO. We are committed to helping businesses streamline their finance and accounting processes, and this event allows us to connect with industry professionals, share our expertise, and demonstrate how our solutions can drive tangible results."
Global FPO's team of experienced professionals will be present at the event to engage with attendees, answer queries, and provide personalised demonstrations of their accounting solutions. They will also be arranging personal meetings with the attendees to share best practices, discuss emerging trends, and address the challenges faced by finance and accounting professionals in today's rapidly evolving business landscape.
Accountex Summit Manchester is expected to attract a diverse range of attendees, including accountants, finance managers, CPAs, CFOs, and business owners. With a comprehensive agenda, Global FPO promises to deliver trained resources from our team of 320+ professionals, including bookkeepers, payroll experts, tax preparers, accounting consultants, virtual assistants, and many more, that can drive success in the accounting profession.
Global FPO invites all participants to visit our booth D20 at Accountex Summit Manchester to explore their innovative accounting solutions and engage in meaningful discussions. The Global FPO team is eager to connect with industry peers, collaborate on new opportunities, and contribute to the advancement of the finance and accounting sectors.
To learn more about Global FPO and their participation in Accountex Summit Manchester, please visit our website at www.globalfpo.com or contact their marketing team at [email protected].
About Global FPO: Global FPO is a leading Outsourcing and consulting services provider in Accounting, Bookkeeping, Audit support, and Tax solutions with over 11 years of experience and offers comprehensive services to businesses across the US, Canada, the UK, the Middle East, Australia, New Zealand, etc. We deliver customized solutions that optimise financial operations and drive business growth. With a team of more than 320+ experienced professionals, Global FPO is committed to empowering businesses with the tools they need to succeed in today's competitive landscape.
Global FPO will be exhibiting at the Accountex Summit in Manchester on the 19th of September 2023 at stand no. D-20
You can register for a free ticket here.
By Global FPO
Capium announce £3 million in investment round to deliver ground-breaking efficiencies for the future of accounting and bookkeeping
Capium is thrilled to announce that we have secured a significant amount of investment of three million pounds.
Capium announce £3 million in an investment round
This investment is an important step for the company, allowing Capium to continue to develop and strengthen its Cloud Accounting software, founded in 2013, and extend its reach into the mid-tier market for Accountancy Practices. This will also allow expansion into other market spaces if desired.
As Capium continues to rapidly grow, this investment will largely support the development of the Cloud Accounting Software platform. Capium strongly believes in breaking barriers and continuing to strive for improving Accountants' and bookkeepers' lives by providing them with the software that they truly need at an inexpensive price.
Tushir Patel, Co-Founder “We are excited about what this continued investment in our products will do and bring for our customers. This will propel us forward for practices, as we are already established in the Accounting Cloud space, we will look to further develop other areas within our product portfolio.”
Capium strongly believes that we should have sustainability in mind when developing and delivering quality software, enabling customers to confidently face the challenges of MTD and now MTD for ITSA while continuing to support its customers as best as possible through software and support services.
Sanjay Bhiraju, Co-Founder and CEO, “We are proud to work very closely with our accountants and will continue to work with them, to ease their workload. We are confident that this investment will contribute to delivering exactly what Accountants need and want from their Cloud Accounting software providers - especially now when they need it the most.”
By Capium
Capium will be exhibiting at Accountex Summit Manchester the 12 October 2022 at Manchester Central at stand G5. You can register for a free ticket here.
How to automate the accounts receivable process | Capium
Managing accounts receivable (AR) is a key part of the bookkeeping process – without keeping a close eye on the money that’s due to come into a business, it’s hard to maintain a healthy cashflow.
As an accountant, this is an area where you can provide a lot of support to your clients, making sure their AR process runs smoothly and keeping the right records to feed into their accounts.
There are also many opportunities to automate this process, freeing up time and improving efficiency for both you and your client.
A streamlined AR process should also help your clients to get paid faster, boosting their cashflow and bolstering your relationship with them as a trusted professional.
We’ll cover a few practical tips to effectively implement AR automation in your accountancy practice.
Consider your current processes
Before you get started, take the time to look at the way you manage AR in your firm at the moment.
Ask yourself:
- How do you and your team receive information from clients?
- How do clients receive information from you?
- Which parts of the process are already done automatically?
- What software are you already using to manage it?
- How are clients interacting with your current software?
- Which parts of the process are the same every time?
- Which parts take the most time or cause delays?
By looking at your current AR process from end to end, you should be able to highlight any problem areas and consider how you could manage those things differently.
At this stage, it’s a good idea to draw up a workflow, giving you and your team a framework for the way the process should work each time, while building in flexibility for any differences between clients.
From there, you can consider the best ways to automate parts of your workflow, rather than jumping straight to software solutions and trying to fit those into the way you work now.
If you have a practice management system, you should be able to build your workflow there so anyone in your practice can follow it.
Onboard with the right information
As part of your AR workflow, it’s also important to think about how you can begin the process with the right bookkeeping data, including for new clients.
Onboarding is another process where you can establish a workflow and use software to automate it. After this has been done – or as part of the onboarding workflow – you should reconcile your new client’s accounts so you can start with the correct information on hand.
Capium’s auto bank reconciliation feature can help you to do this swiftly, for new and existing clients.
Create invoice templates
The first step of AR is sending an invoice. For some clients, creating these and filling in the relevant information can take up valuable time – so one of the easiest ways to speed this up is by creating a reusable template that pulls through data automatically.
This way, it should only take a few clicks for you or your client to send a clear, professional invoice, making it easy for the customer to pay promptly.
Send automatic payment reminders
Once an invoice is out, the next stage of the process is monitoring that payment and reminding the customer to pay it after set periods of time.
Losing track of this can lead to cashflow problems with serious knock-on effects, so it’s really important to stay on top of things at this stage.
Setting up automatic reminders takes away the stress for both you and your client – it’s one less thing for you to remember, and should help to keep the cash coming into their business.
There are several software tools available that allow you to send invoices and reminders, but ideally you should look for something that connects to the software you use to manage the rest of the accounting process.
Automate AR with Capium’s integrated accounting software
Capium is a cloud-based accounting and practice management platform for accountants, designed to streamline your workflow with an integrated set of modules.
Our bookkeeping module allows you to easily automate your AR process, and the data you collect will sync automatically with our other accounting modules. It’s a comprehensive platform, giving you access to all of the most important information about your clients in one place.
Five signs your client has outgrown their finance system: how to spot the warning signals
There are plenty of finance systems out there which are great for small businesses. They are simple, easy to use, and are often available at a low cost. However, as organisations grow, their requirements change. As a trusted advisor you want to ensure your clients are receiving the highest level of support. So, in this article we take a closer look at five signs your client has outgrown their current finance system, so that you can identify the warning signals early on and advise accordingly.
1. Increased reporting demands
As an organisation grows, so do the reporting demands. The need to analyse costs, revenues, and complex data in further detail increases. If the finance system doesn’t provide the reporting flexibility and analysis they need, then your client is suffering from a lack of insight, directly impacting the quality of decision-making.
This relates to multi-entity organisations. Handling inter-company transactions and getting to grips with reporting for each entity and your consolidated position is essential. When reporting across multiple locations and entities is next to impossible and manual month-end processes mean your client is operating with out-of-date management information, these are definitive signs your client has outgrown their finance system.
2. Rising spreadsheets and workarounds
Often, when your clients’ demands become more complex, a myriad of spreadsheets and workarounds appear. With more intricate reporting and analysis, there is more room for human error, and efficiency can deteriorate. Fundamentally, the finance system is doing more harm than good at this point, and your client should be migrated to a system that supports multi-dimensional reporting to facilitate in-system self-service reporting.
3. Excessive manual AP processing
If you find your clients AP numbers are getting excessive, this may be a sign they are outgrowing their finance system. Larger software providers can offer higher automated capabilities, meaning it frees up your time to provide more value-added activities and advice to your clients.
4. Multiple currencies are not available
If your clients’ organisation is expanding into new geographies and therefore multiple currencies, but their finance system is unable to transact, report, and consolidate in different currencies, then they have outgrown it.
Look for a finance system with a multi-currency functionality built-in, and an out-of-the-box integration to ensure exchange rates are always up to date.
5. Too many third-party apps
Usually smaller finance systems require bolt-on apps for features such as OCR, workflow, or expenses. Once your client is using too many of these apps, it can begin to disjoint and slow their systems, resulting in a lack of efficiency. When your client reaches this point, it may be time to advise them to move to a mid-market system that has these functions already built in. This then ensures the clients data and apps are all in one place and working to the highest standard.
By Sian Hewitt
Xledger's experts will be exhibiting at Accountex Summit Manchester the 12 October 2022 at Manchester Central, at stand C8 to discuss any queries you may have around this subject, so come on over and we will gladly talk you through it!
You can register for a free ticket here.
A decade of revolutionary cloud payroll
KeyPay was publicly released on 1st July 2012, marking a whole decade of changing the way our partners work and pay! Born out of the need to create a more accessible version of payroll by leveraging the power of the “cloud”, what began as software for Australian users has grown on a global scale, now operating in Australia, the United Kingdom, New Zealand, Singapore, and Malaysia.
What started as 4 blokes looking to revolutionise the payroll space has grown into a team of almost 100 dedicated, hard-working individuals who are passionate about creating an incredible product for our users.
As one of the original “core 4” founders, Paul Duran has been working on KeyPay since July of 2011. “Phil, Kristian, Rich and myself started building it in our spare time. I had grown frustrated with the politics, meetings and bureaucracy involved in a typical organisation. I was enticed by the opportunity to build a product/company the way we wanted it to be and the freedom/control to do so.”
In January 2013, there were 1,911 employees paid by KeyPay users. Today, more than 2.5 million employees have been paid - which is an incredible testament to the level of trust that KeyPay users have in the software in streamlining pay processing.
Despite nearly 250,000 businesses now using the platform, KeyPay’s hard work is far from over. We’re excited to be placing even more focus on supporting accountants, bookkeepers, bureaus and their clients in achieving success, and growing the KeyPay business and brand worldwide.
Now that KeyPay has joined the Employment Hero family, our team has access to additional resources to better support partners and help them grow their business. We’re excited to be able to invest back into our partners more than ever before, opening up doors for:
- Enhanced, dedicated partner support
- Additional tools and resources to facilitate partner growth
- Increased access to knowledge, resources, and software to further enhance our product offerings in-platform
Ben Thompson, KeyPay’s CEO and the CEO/Co-Founder of Employment Hero, shares a few words: “Now that KeyPay and Employment Hero have combined forces, it’s a no-brainer that this passion for the success of our partners has become even stronger.”
Tanya Swaby, Product Specialist adds that “we’ll be making even more improvements to our timesheets, rostering and expenses. These parts of the system have the potential to really stand out in the market!” There’s also strong sentiments amongst the team that in the future, “KeyPay will experience significant growth in the UK”.
We’re proud of how far we’ve come in the last 10 years, and can’t wait to see where the next 10 will take us and our clients. We’re so excited to have you on this journey with us, and are excited to meet you at Accountex North 2022, stand F16 to celebrate with us!
If you’ve been looking for trustworthy payroll and workforce management software that simplifies processes, learn more about what we can offer your clients in the UK at ww.keypay.co.uk .
KeyPay will be exhibiting at Accountex Summit Manchester the 12 October 2022 at Manchester Central at stand F16. You can register for a free ticket here.
Financial Warehouse Management
With the link between Finance and Operations being increasingly more blurred, how can you best leverage technology to support this and what does this mean for your finance system, as well as your warehouse management solution?
Firstly, if you are asking yourself, what are warehouse management solutions? Quite simply, a warehouse management solution is the implementation of technology into your warehouse to automate management and processes.
This can be realised in a number of ways, from robotics right the way through to ensuring technology supports, helps control and optimise the warehouse operation that is so closely linked to finance, for example sales orders, purchasing and more.
With heightened business competition, to ensure that your operation is fully optimised - technology allows you to stay ahead of the game and future-proof your processes. Automated and closely integrated warehouse management solutions are certainly the way to go.
As with any new technology implementation, there can be a number of challenges that we see our customers face. From replacing legacy solutions, to enabling organisation-wide adoption, we understand the vital importance of getting the right solution in place for your business, something that complements your finance operation too!
Innov8 will be exhibiting at Accountex Summit Manchester the 12 October 2022 at Manchester Central at stand A15.
You can register for a free ticket here.
FreeAgent launches new software to help landlords get set for Making Tax Digital
Bespoke solution - ‘FreeAgent for Landlords’ - is specifically-designed to help landlords keep digital records and file tax submissions to HMRC
New product will initially be available for accountancy firms so they can migrate landlord clients in time for MTD for ITSA being introduced in 2024
FreeAgent, the innovative cloud accounting provider, has today unveiled a brand new software solution specifically-designed to help landlords and their accountants comply with the next phase of the UK’s new digital tax legislation.
FreeAgent for Landlords is a bespoke new version of FreeAgent’s award-winning cloud accounting system that has been created for individuals who earn income from property. Through the software, landlords will be able to keep digital records of their property income and costs, as well as making tax submissions required under the government’s upcoming MTD for Income Tax Self Assessment (MTD for ITSA) legislation.
The software, believed to be the first of its kind to be launched specifically for landlords by a UK accounting software provider, will initially only be available to FreeAgent Practice Partners to use with their existing landlord clients. However, a fully iterated version will be available later in the year, enabling end users to sign up for FreeAgent for Landlords and use it independently.
As well as core FreeAgent features that landlords and their accountants will require - including Invoicing, Expenses, Contacts and Projects - FreeAgent for Landlords includes a new area called ‘Property’, which enables users to attribute income and costs to specific properties.
FreeAgent’s automation features including recurring invoices, invoice payment links and ‘guessed’ bank transaction explanations will also be available in the software, enabling accountants and clients to automate many aspects of the process of recording rental income. However, some features that are not relevant for landlords - such as Stock, CIS and Payroll - have not been included in the new software.
Roan Lavery, CEO and co-founder of FreeAgent, said: “From 2024, many landlords will be facing the prospect of having to use some form of accounting software - possibly for the first time ever - in order to comply with MTD for ITSA. That might seem like a long way off, but in order to introduce and train these clients to use digital software, accountants will really need to be thinking very soon about how they will do this.
“We wanted to help make the process as easy as possible, which is why we’ve created a version of FreeAgent that’s specifically for people who earn income through property. We’ve also decided to initially release it to accountants, so that they have plenty of time to get their landlord clients fully prepared and proficient with the software before MTD for ITSA comes into effect.
“MTD is the biggest tax change in a generation and we are committed to making it as stress-free as we can. With FreeAgent for Landlords, we want accountants and landlords to enjoy all the bookkeeping and compliance benefits of our core FreeAgent system, but in a bespoke way that works best for their specific needs.”
After setting up a client on FreeAgent for Landlords, accountants will be able to train them to use the software to record all the income and costs associated with each of their properties. This will automatically update their accounts and will build the data which will eventually be used to populate their MTD for Income Tax submissions - and be directly fileable to HMRC from within the software - when the legislation comes into effect in April 2024.
3 Reasons why getting free CPD at Accountex Isn't Just a Tick The Box Activity
Attending Accountex Manchester on the 12th October? Not only will you get access to an exceptional programme of all the hot topics that you ned to know for your firm, but you also get 8 hours of free accredited CPD.
But CPD is far more than just a tick the box exercise. Your CPD should be an invaluable support helping you provide even greater value and support to your clients. And most importantly, CPD allows you to develop your key technical skills by learning from the top experts in the industry.
So how can you make your CPD work better for you?
1. It is a vital component of your career development
There has been a massive shift in attitudes when it comes to CPD. Once seen as something of a nuisance, we’ve noticed from chatting with members that they are now placing more value on the content they complete, viewing it as a vital and valuable part of their career development.
2. “Don’t loose the will to learn! - Identify the way you prefer to learn
The nature of CPD is that it is ‘continuing, meaning it is not advisable to leave completing your annual requirement until the last weeks in December. If you do, it will become a burden, you will put yourself under immense pressure and you won’t extract the value from the content you complete.
Access to quality CPD has never been easier with amazing free to attend in person events like Accountex, as well as Accountex virtual events. And also other live and video on demand content all readily available online to watch, listen and learn at your own convenience.
3. Up to date knowledge is key
Even those with the most advanced qualifications need to keep informed of new trends and products, as well as important regulatory updates that the industry needs to be aware of. These elements are constantly changing, so it’s important to remain in the loop and build on what has been learnt from the study days.
Also, accounting firms with competent and qualified staff is a far more attractive prospect for customers and is more likely to gain and retain business.
In Summary:
Change your mindset and don’t make CPD a burden. Most importantly don’t make CPD a tick boxing exercise. You have worked hard for your accounting qualification, so make sure that you are constantly building on your knowledge. Be on top of your game, know all the updates and changes that are coming up and make yourself the best accountant for your clients.
1) It’s simple – don’t leave it until the end of the year…Make a plan of the subjects and content that you want to complete throughout the year
2) Decide on the best way that you like to learn – In person events like Accountex are great for interaction and to network among your peers. Video on demand is great so you can watch in your own time to fit around your busy day to day life or even face to face events
3) Plan ahead - Check out what in person events have been planned for the year, Accountex plan their in person events a year in advance and their virtual programme is also promoted months in advance. Also check out your favourite CPD provider website and look at their schedule for the year ahead.
4) Be proud of the knowledge that you are building - it will make you a better accountant for your clients.
By Zoe Lacey-Cooper
Check out CPDStore and visit us on stand H7 at Accountex Summit Manchester the 12 October 2022, for a very special offer!
You can register for a free ticket here.
Telleroo announces a world first, with the ability to sync payments directly from Xero payroll into their platform
Despite 78% of small businesses using cloud accounting, many still cannot sync payroll payments to their banks due to the lack of integrations and innovation. With no alternative, it's often the business owner who ends up manually keying in each individual payroll payment, time that could be much better spent elsewhere.
A breakthrough for Xero Payroll
Telleroo's new world-first integration with Xero speeds up payroll payments, meaning businesses no longer need to key in each employee's salary payment. Instead, in one click, payroll payments are created in Telleroo for approval. Telleroo clearly shows if any employee bank details have changed since they were last paid. With deep links, the business can switch between Telleroo and Xero Payroll in seconds. Telleroo picks up the payment date of the pay run, scheduling the payments to automatically go out at midnight that day.
When the pay run is approved, businesses just need to fund their Telleroo account for the payments to be released at the scheduled time. When the payroll date is reached, and funds are available, Telleroo passes all payments onto the faster payment network. Funds are usually available almost immediately in the recipient's bank account. Sometimes Faster Payments can take up to two hours to arrive, but this is uncommon.
Telleroo updates Xero bank feeds with the payroll total, keeping private each individual employee salary. This batch total can then be reconciled in one click against the wages payable account.
"This integration between Telleroo and Xero Payroll sync is a breakthrough alongside our own Xero bill sync," said Andrew Cookson CEO of Telleroo. "Xero Payroll sync automates even more, so accountants and finance teams can focus on productive tasks."
Telleroo's Xero Payroll sync is available to all new and existing customers.
Telleroo will be exhibiting at Accountex Summit Manchester the 12 October 2022 at Manchester Central at stand C16. You can register for a free ticket here.