Category Archives: Bookkeeping

The Company Which makes a Revolution in Billing Industry

CHENNAI, 2022-Oct-31 — /EPR ACCOUNTING NEWS/ — In the past, businesses kept track of their income and expenses with pen and paper. Today, there are many software programs that can do this for you. This is called “billing software.” Billing software is a type of accounting software that companies use to manage customer invoices and payments. The software can automate and streamline the billing process, saving businesses time and money. It can also help businesses keep track of their finances and customers.

It will be useful to keep track of your customers, invoices, and payments. It can also help you manage your inventory and create reports. There are many different types of billing software available, so businesses should choose the one that best fits their needs.

What is Billing Software?
With the technological advances we have today, and it is no wonder that more and more businesses are using online billing software. This type of software can save business time and money. With online billing, businesses can send invoices and receive payments electronically. This is a very convenient way to do Business, and it is also eco-friendly. With online billing software, businesses can automate their invoicing and payments. This can free up a lot of time for businesses to focus on other areas of their Business. Online billing software can also help businesses keep track of their spending and income, and it can help them manage their cash flow better. This is a valuable tool for any business owner.

Need for Billing Software:
The way businesses handle their finances has changed drastically in recent years. With the advent of technology, businesses have had to find ways to keep up with the times. One such way is by using online billing software. This type of software allows businesses to manage their finances in a more efficient and effective manner. It also eliminates the need for paper bills and statements. Online billing software is a necessity for any business that wants to stay ahead of the curve. It allows businesses to keep track of their finances and customers. It is important to choose the right billing software for your Business. The right billing software can save you time and money. There are many different types of billing software on the market. You need to find one that fits your specific business needs. Here we give the suggestions with the best of all in the market. The ECBill is the best online billing software in Chennai, and it fits any kind of Business. It is extremely user-friendly and easy to navigate. It has a wide range of features that are designed to make billing simple and efficient. ECBill integrates with a number of popular accounting software programs. Their pricing is very affordable, and they offer excellent customer support.

Why is ECBill the best Online Billing Software?

ECBill is the best online billing software for several reasons. Here we listed out few:

  • It is extremely user-friendly and easy to navigate.
  • It offers a wide range of features and options, which makes it ideal for businesses of all sizes.
  • ECBill is highly customizable, so you can tailor it to your specific business needs.
  • It integrates seamlessly with a number of popular accounting software programs, making it easy to keep track of your finances in one place.
  • ECBill offers a variety of payment options, so you can choose the one that best suits your needs.
  • It offers excellent customer support.
  • ECBill is very affordable and offers a free trial period.
  • It increases efficiency by automating the billing process.
  • It saves time by eliminating the need to generate invoices manually.

How does ECBill online Billing software assist your Business?
Billing software is a crucial part of running a business. Almost every Business, whether small or large, requires some sort of billing software to manage its invoices and payments. It allows you to keep track of your finances, invoices, and customers. There are many benefits to choosing billing software for your Business.

The software can save you time and money by automating your billing process. With all of your financial information in one place, you can easily generate invoices and track payments. This can save you hours each month. It can also help you to keep track of your customers’ payments and invoices. It can help you to manage your inventory and to create reports that can help you track your Business’s financial health. There are many different types of billing software available, so it is important to choose one that is right for your Business. It’s important to have a billing system that is efficient and effective. Here we give the best online billing software, “ECBill”, which suits all types of Business. You can automate many of the tasks associated with billing, such as creating invoices and sending payments. This can free up your time so that you can focus on other aspects of your Business. It can help you manage your finances more effectively and keep track of your spending.

This Press Release is distributed by a Digital Agency from Chennai.

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New Services Larry Hurt income Tax Services

Moreno Valley, CA, USA, 2019-Mar-12 — /EPR ACCOUNTING NEWS/ — Over 49 years preparing taxes for individuals and small businesses, able to assist individuals in the cryptocurrency business with their tax preparation(s), 16 years as a Notary and 8 years as a Signing Agent.

Experienced Owner with a demonstrated history of working in the consumer services industry. Skilled in Nonprofit Organizations, Budgeting, Business Planning, Microsoft Word, and Coaching. Strong entrepreneurship professional with a Master Degree focused in Human Resources Management/Personnel Administration, General from Golden Gate University.

I also severed 23 years in the US Air Force. For 22 years as an additional duty, I severed as the Unit Non-Commission Officer Tax Representative. My job was to assist military and civilian personnel assigned to the Base, helping or completing their Tax returns and answer tax questions. During tax season, I spent 4 hours on Saturday at the Base Legal Office assisting people with their tax returns. After retiring in 1991, I continued doing taxes and opened my own business.

My tax specialties are Individuals, Small Businesses, S Corporations, Nonprofit Organizations, Tax Planning, Uber, Lyft and CryptoCurrency. Thank you.

To learn more go to https://larrykhurtincometaxservices.nicbuilder

 

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31st Edition of IRS Corporate Financial Ratios Reports U.S. Corporate Performance

Libertyville, IL, April 12, 2016 — /EPR ACCOUNTING NEWS/ — Schonfeld & Associates offers a valuable addition to business reference resources in IRS Corporate Financial Ratios, a unique reference with saibooksinformation gleaned from over 95 thousand corporate tax returns. As a reliable information source, it can be used in many ways from gathering competitive intelligence to evaluating tax returns before filing. It is an ideal reference for CPAs, controllers, bankers, CFOs, tax lawyers, financial analysts, investment advisors and corporate planners.

The newly available 31st edition of the report contains just released information from corporate tax returns filed for the 2013 fiscal year. Of all U.S. corporations, the greatest number, 15% of the total, fell into the Professional Services sector. Within that sector, over 65% of the firms were profitable. Over all sectors, over 60% were profitable. All sectors except for real estate and holding companies had a majority of profitable firms.

One major accounting firm has used IRS Corporate Financial Ratios to develop a report to accompany delivery of the corporate tax return, which both enhances service to existing clients and can serve as the basis for additional assignments. Even the IRS, as well as some state agencies, uses it for tax and compensation audits. It may also be used in forensic accounting such as for estimating damage claims in lawsuits.

NoComps

IRS Corporate Financial Ratios is a statistical reference containing 76 key financial ratios for companies in each of over 250 NAICS industries. Based on actual tax records of the Internal Revenue Service, it is a comprehensive and authoritative source of corporate tax information and financial ratios. It is an essential book for anyone who wants to analyze tax returns in a serious way, do competitive research or perform self-audits.

IRS Corporate Financial Ratios provides clear benchmarks of financial performance. Included are: Turnover Ratios, such as inventory sales turns and inventory cost turns, Expense Percentages, Employment Percentages, such as officer compensation to PBIT, Profitability Percentages, such as gross, operating and net margin, Liquidity Ratios, such as days receivable and days payable and many more financial measures of performance.

For each industry, ratios are shown for the overall industry and for companies in four asset size classes. Within each size class, a complete set of 76 ratios is shown for both profitable companies and companies with losses. The format of the book allows comparisons so that ratios which distinguish profitable firms are immediately visible, a real aid to improving financial management.

IRS Corporate Financial Ratios is useful in developing budgets and financial plans. Besides being available in printed or PDF format, users can purchase an Excel template, IRS-CALC, with all the report data included. For any firm, tax return information can be entered, ratios calculated automatically and compared to industry norms and printed in reports.

IRS Corporate Financial Ratios includes an extensive introduction containing definitions with an explanation of how to calculate and interpret each financial ratio. A complete industry index is provided.

IRS Corporate Financial Ratios is published annually by Schonfeld & Associates based on the most current corporate tax return information available from the U.S. Internal Revenue Service. It is a unique, useful reference that belongs on the bookshelf or in the computer of every financial manager. The current 31st edition is available for $225 directly from Schonfeld & Associates, Inc., 1931 Lynn Circle, Libertyville, IL 60048. IRS-CALC, the Excel spreadsheet template, is available for an additional $100. Call for more information or to place an order at 800-205-0030. Visit the Corporate Financial Ratios area of expertise on the corporate web site where a secure order can be placed for immediate download or hard copy delivery.

Contact-Details:
Carol Greenhut,
cgreenhut@saibooks.com,
800-205-0030

 

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FreeAgent Launches iPhone App For Financial Record-Keeping

FreeAgent has launched a unique record keeping iPhone app designed to help self-employed people and very small businesses in the UK to stay on top of their finances and tax commitments.

FreeAgent, a leading online accounting software provider, has developed the app – called Earnest – after being tasked by HM Revenue & Customs to create a free resource allowing self-employed workers and very small businesses across the country to keep track of their income and expenses and estimate the amount of tax that they owe.

Under HMRC guidelines, many micro-business owners and self-employed people only have to file three-line accounts: recording income, expenditure and profit for the year. However, many of these people still find it difficult to manage their accounts – which prompted HMRC to request software companies to develop an app that would provide assistance.

FreeAgent has designed Earnest to be an easy-to-use, intuitive app that provides very small business owners with simple information and record-keeping functions that they require. Currently available to download in the iTunes App Store, Earnest enables users to easily track their income and expenses on their iPhone, and it is the only free app currently available under the HMRC initiative that also forecasts their tax commitments.

Ed Molyneux, CEO and co-founder of FreeAgent, said: “HMRC challenged the software industry to create an easy-to-use-app that would help self-employed people and very small businesses keep track of their finances, and we’ve designed Earnest to do exactly that. It’s a simple, intuitive app that lets them monitor their cash flow, input expenses and see how much tax is owed – and we think it’s going to be an invaluable tool for small business record-keeping.

“Our hope is that very small businesses will receive the support they require from Earnest – and as they grow and start to require more in-depth features for their finances, their experience with the app will encourage them to ‘trade up’ to use FreeAgent. We’re essentially trying to create a hassle-free journey that small and early-stage businesses can follow when it comes to managing their finances and bookkeeping.”

The Earnest app enables users to:
– Record income and expenses
– See their bottom line profit or loss
– Get estimates on how much tax they owe
– See upcoming tax deadlines and dates with a “Tax To-do” list
– Capture and store image receipts using their iPhone camera
– Create alerts to remind them of important tax dates and as they near the VAT Threshold
– Categorise transactions by payment method
– Record cash and non-cash transactions
– Add notes to entries
– Record CIS deductions made on income
– Back up their data by email

More information about Earnest can be found on the website www.earnestapp.com or by visiting the iTunes App Store.

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Attraction World Chooses Access Dimensions To Handle High Volume Business Transactions

Attraction World, the leading supplier of attraction tickets to travel agents in the UK, has chosen an accounts system and document management software from Access to help it manage its high volume transaction business. The ambitious company, which was established in 2006, will see a turnover of £63m this year and expects this to rise to £90m by 2014.

Deborah Spence, financial director for Birmingham-based Attraction World, commented, “We’re processing more than half a million transactions each year and we’re expecting this to grow significantly. The business needs a robust solution that can easily process such huge volumes and will integrate with our bespoke front-end travel system, incorporating the latest e-ticket technology. “Access Dimensions will provide us with an accurate, central reporting system to help automate processes and reduce the time taken to produce monthly Board packs. It will cut rekeying of information and duplication of effort, helping us to reconcile data between the finance and travel systems.”

Attraction World, which employs 45 staff, currently has a bespoke travel system which the in-house team will integrate with Access Dimensions. Longer term, the company will look to use Access’ Dashboard solution to manage and monitor KPI’s more effectively.

Attraction World is one of the world’s leading theme park and attraction ticket specialists. It supplies product to many of the world’s leading travel brands including Thomas Cook and Thomson Holidays. Since it started in 2006, Attraction World has enabled more than two million customers to pre-book attractions in more than 40 countries worldwide. This includes everything from Alton Towers and Warwick Castle to magical trips to Walt Disney World Resort in Florida and desert adventures in Dubai.

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ManagePLUS Gold™ lets QuickBooks Users Allocate Overhead Expense with Drag-and-Drop Ease…and Spreadsheet Accuracy

The new release of ManagePLUS Gold™ for QuickBooks, from Flagship Technologies, Inc. (www.goflagship.com) lets users allocate expense from cost- and support-center classes and accounts to profit center classes, using a visual drag-and-drop approach.

Many businesses and nonprofit organizations use the classes feature of QuickBooks to track revenue and expense for the departments or activities of the organization—its cost centers, support centers, and profit centers, such as Office and Administration, Packing & Shipping, or Manufacturing. They set up classes to represent these, and apply those classes when entering transactions to identify income and expense with specific departments or activities.

This is all part of a cost accounting technique known as activity-based costing (ABC), the goal of which is to determine whether each income-producing area of the business—each profit center—is profitable. To get this done, the “overhead” expense accumulated for the organization’s cost centers must be allocated among profit centers on some reasonable basis.

Using QuickBooks by itself, allocation is anything but simple. It requires making journal entries or using “zero-dollar checks”, and there’s no way to automate the calculations involved. In fact, most users export transaction totals from QuickBooks to a spreadsheet, do the allocation calculations there, then manually enter the results as journal entries in QuickBooks. The entire process is difficult and offers plenty of opportunities for making errors.

ManagePLUS Gold overcomes all of these problems. With a couple mouse clicks, it retrieves transactions from QuickBooks and totals the amounts available for allocation from each class to other classes. Users then build allocation formulas visually by dragging a class onto the other classes to which it will be allocated. (The allocation formulas can be re-used in subsequent accounting periods, so the job is even faster and easier the next time.)

Because accuracy is just as important as ease of use, ManagePLUS Gold supports allocation based on “management quantities” the user has associated with individual classes, as well as on a percentage basis. Management quantities can be any physical or dollar amount related to the activity–things like labor hours, tons/gallons/bushels produced, miles driven, dollars of direct expense, etc. The result is spreadsheet-like allocation capability but without building spreadsheet formulas, exporting accounting data, or making journal entries.

Once allocations have been built, with a couple more mouse clicks the user can prepare a profit and loss report for any class, showing direct revenue and expense as well as the amounts that have been allocated to it.

But that’s not all. The new version 3.1 of ManagePLUS Gold adds the ability to send allocation transactions to QuickBooks, with a single click of the mouse. So now users can choose whether to get class profitability reports in ManagePLUS Gold or in QuickBooks, and have the option of doing anything with the allocation journal entries that they can do with other QuickBooks transactions—create customized reports, export them, include them in backups, etc.

Allocation capabilities are the “tip of the iceberg” with respect to ManagePLUS Gold’s features. Here’s a few of the other things it does:

– Lets users associate “extra” data with accounts and classes, and manages that data separately for each accounting period.

– Uses the “extra” data to automatically add management information and per-unit statistics to reports—things like average cost per unit of sales or per unit of production for each class.

– Provides advanced quantity handling and storage in QuickBooks transactions by supporting entry of two quantities per transaction, such as the weight and count of items bought or sold.

– Provides specialized reporting capabilities for the two-quantities feature, including automatic statistics like weight per each, count per weight, cost per weight (pound/ton/etc.), and cost per each.

– Supports advanced, automatic unit of measure labeling on reports.

ManagePLUS Gold sells for $149 per single-user license and is compatible with Microsoft Windows versions of the Pro, Premier, and Enterprise editions of QuickBooks, 2004 and later, including U.S., UK, and Canadian releases. A 30-day free trial is available to download from the product’s Web page: http://www.goflagshipcom/products/mphome.htm.

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ManagePLUS Gold™ for QuickBooks Supports Farm and Ranch Enterprise Accounting

QuickBooks accounting software is popular with farmers and ranchers because it offers a lot of power and flexibility, while being easy to use and having wide support among CPAs, tax preparers, extension educators, and other professionals.

The classes feature of QuickBooks is popular in agriculture too, because it allows tagging income and expense transactions as belonging to specific departments or enterprises within the farm or ranch business: fertilizer for the Corn class, mineral supplement for the Beef Cow class, combine fuel for the Harvest Services class, feed mill repairs for the Feed Processing class, and so on–often referred to as cost centers and profit centers. Using classes in this way is part of a cost accounting technique known as activity-based costing (ABC), the main goal of which is to isolate the income and expenses associated with major activities of the business, to determine whether each income-producing activity—each profit center—is profitable.

For ABC to yield useful management information, the expenses accumulated for cost centers (often referred to as “overhead”) must be allocated among profit centers on some reasonable basis. For example, expenses of the Harvest Services class would be allocated among the profit center classes in which Harvest Services get used: the farm’s crops, like Corn, Soybeans, and Wheat.

Using QuickBooks by itself, allocating expense to several classes is anything but simple. It requires making journal entries or using “zero-dollar checks”, and there’s no way to automate the calculations involved. In fact, most users export transaction totals from QuickBooks to a spreadsheet, do the allocation calculations there, then manually enter the results as journal entries in QuickBooks. The entire process is difficult and offers lots of opportunities for making errors.

ManagePLUS Gold, from Flagship Technologies, Inc. (www.goflagship.com) overcomes all of these problems. With a couple mouse clicks, it retrieves transactions from QuickBooks and totals the amounts available for allocation from each class to other classes. Users then build allocation formulas visually by dragging a class onto the other classes to which it will be allocated. (The allocation formulas can be re-used in subsequent accounting periods, so the job is even faster and easier the next time.)

Once allocations have been built, with a couple more mouse clicks the user can prepare a profit and loss report for any class, showing direct revenue and expense as well as allocated amounts. For example, a profit and loss report for the Corn class would include the amounts allocated to it from Harvest Services and from other cost centers.

But that’s not all. The new version 3.1 of ManagePLUS Gold adds the ability to send allocation transactions to QuickBooks with a single click of the mouse. So now users can choose whether to get class profitability reports in ManagePLUS Gold or in QuickBooks, and have the option of doing anything with the allocation journal entries that they can do with other QuickBooks transactions—create customized reports, export them, include them in backups, etc.

Allocation capabilities are the “tip of the iceberg” concerning ManagePLUS Gold features that are used in farm and ranch businesses. Here are some of the other things it does:

    – Provides advanced quantity handling for QuickBooks transactions, by supporting entry of two quantities per transaction, such as the weight and count of livestock bought or sold.

    – Provides specialized reporting capabilities for the two-quantities feature, including automatic statistics like average weight per head, average price per pound, average price per head, and so on.

    – Supports advanced, automatic unit of measure labeling on reports.

    – Lets users associate “extra” data with accounts and classes, such as crop acreage, bushels harvested, or the number of head of livestock involved, and manages that data separately for each accounting period.

    -Uses this “extra” data to automatically add management information and per-unit statistics to reports—things like average herbicide and fertilizer cost per acre, average feed cost per head of livestock, and other per-unit management factors.

ManagePLUS Gold for QuickBooks sells for $149 per single-user license and is compatible with Microsoft Windows versions of the Pro, Premier, and Enterprise editions of QuickBooks, 2004 and later, including U.S., UK, and Canadian releases.

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FormCalc Does Spreadsheet-like Calculations on QuickBooks Invoices, Estimates, Purchase Orders and More

For almost as long as QuickBooks has been on the market, QuickBooks users have wanted for the ability to have across-column calculations and column totals on Invoices, Estimates, Purchase Orders and other forms. FormCalc for QuickBooks, from Flagship Technologies, Inc. (www.goflagship.com), is now available to fill that need.

FormCalc lets users set up calculations which add, subtract, multiply, or divide numbers in two columns and put the result in a third column; or do math on two columns and multiply the result by another numeric value before writing it to a third column; or display a count of unique items in a column, in the Description field of any line; or provide column subtotals or totals.

The user controls where column subtotals and totals appear by identifying certain QuickBooks Items as “trigger items”. When FormCalc encounters a line containing a trigger item, it puts the column subtotal or total on that line.

Users can define any number of calculations to apply to various columns on a form, and apply all of them at once by pressing a hotkey. Also, users can define as many as ten sets of calculations. So if different calculations are needed on Invoices and on Purchase Orders, a separate set of calculations can be defined for each.

Maybe the most unique thing about FormCalc is that it works directly on the QuickBooks form, in real time, so users immediately get to see the results of calculations before saving or printing the form. There’s no need for a separate step of exporting the form’s data to do calculations outside of QuickBooks, then re-importing the data again.

What kinds of things are FormCalc users doing with it? They are calculating per-item and total shipping weights for Invoices, totaling estimated labor requirements on job Estimates, calculating board feet for lumber pricing on Invoices, showing prices in two different currencies, totaling invoiced alcohol sales quantities to meet requirements for liquor taxation record keeping, totaling the number of shirts of each size (S, M, L, XL) on an Invoice, and much more.

FormCalc for QuickBooks is priced at $99 for a single-user license, with lower per-license pricing for multi-user licenses. FormCalc is compatible with Microsoft Windows versions of all QuickBooks editions (Simple Start, Basic, Pro, Premier, Enterprise, etc.), and also with all international editions (U.S., UK, Canadian, and Australian).

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The New Year Brings New Work for Umbrella Company Contractors

The umbrella company sector in the UK is celebrating after recent industry research revealed that contractors could soon see an increase in demand for their services. The news, which was revealed in The Recruitment and Employment Confederation’s (REC) Report in Jobs for December 2011 revealed a fall in the amount of permanent appointments that month. This information comes less than a month after the umbrella company Tarpon predicted that 2012 would be a very positive year for those in the umbrella company industry.

A spokesperson for Tarpon comments: “In December 2011, we announced that we believe that the new year would bring in a lot more opportunities for umbrella companies and their contractors, because of the addition of an extra £1 billion injection in the Regional Growth Fund (RGF), and so the REC’s report is really a fantastic indicator for both umbrella companies and contractors over the next 12 months.”

According to the REC, temporary billings also fell slightly last month, marking the first time they have decreased since July 2009. This news, combined with the decline in the number of permanent appointments falling in December 2011, and the recent announcement by the Royal Bank of Scotland that revealed that the Scottish business also grew in December, means that employers will be relying on umbrella company contractors and their services over the coming months.

The spokesperson for Tarpon continues: “Obviously, as an umbrella company the news that there has been increased growth in certain business sectors and therefore, the possibility of increased demand for our services is really fantastic to hear, especially at the beginning of the new year. While we did say that we believed that 2012 would be the year that more businesses and individuals would look to umbrella companies and their contractors for reliable, high-value and excellent service, it’s still an absolute delight to see that our prediction appears to be coming true that at the very beginning of the new year.”

About Tarpon:
Tarpon is an umbrella company specialising in contractor tax efficiency, enabling contractors to maximise their income and streamline their admin.

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Awards Keep Rolling In As Access Wins Software Package Of The Year

Access, the mid-market consulting, software and solutions provider is celebrating today after winning ‘Software Package of the Year’ at the Accountancy Age Awards for the third year running. Access fought off stiff competition from IRIS, Mamut and Thomson Reuters to retain the crown at the glitzy awards ceremony, held at Battersea Park in London this week.

The judging panel, made up of some of the industry’s top figures, said “Access is definitely made of winning material and the figures back it up.” Another commented, “Access Dimensions represents excellent value for money, delivers a good range of functionality and is user-friendly.” On collecting the award Chris Bayne, managing director at Access said “I’m absolutely delighted that Dimensions has won this award three times in a row now. It’s a very competitive category and it just shows what a great product we offer the mid-market. We were surprised to win it twice in a row, three times is just phenomenal.”

The Software Package of the Year Award wasn’t Access’ only success on the night, with Access Finance Director, Ian Little picking up ‘FD of the Year – Growing Business’. The judges remarked “It’s clear that the last 12 months have been critical for the company and Ian has played a very influential role in its success and growth.” As he collected his trophy Ian said “To be recognised by the industry’s leading figures is a great honour. We’ve been working very hard at Access over the past 12 months to continue our growth and to develop the business further, to get an award for these achievements is really special”

It’s been a spectacular year for Access, who also won three awards at the Software Satisfaction Awards in October. “The fact we continue to win highlights the hard work of everyone at Access. This year we’ve picked up awards and nominations across our whole product portfolio, with individual awards going to some of the great staff we have here. This proves we have the best products and the best people” concluded Chris.

For more information on Access, and its consultancy and accounting software solutions contact Matt Newman on 0845 345 3300 or visit http://www.theaccessgroup.com.

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Reed Accountancy Hosts Nationwide Interview Skills and CV Advice Evening for Part-Qualified Accountants

On Wednesday 3rd November, part-qualified (PQ) accountancy professionals will be able to sharpen up their interview skills and improve their CVs at one of 57 ‘PQ Recruitment Advice’ evenings run by PQ recruitment specialist Reed Accountancy.

The career development advice sessions are in Reed Accountancy’s offices throughout the UK, where PQs will also get a valuable insight into accountancy job opportunities currently available from Reed’s sector-specialist recruiters.

Reed Accountancy Divisional Director Gert Nzimiro commented: “Securing the right next job is a crucial step in a PQ’s career.”

“To help PQs boost their chances of landing their ideal role, we have organised these free recruitment advice sessions. At these events, Reed Accountancy’s recruitment experts will not only provide important CV and interview tips, but also hand out free career advice packs to PQs.”

Details of the nearest Reed Accountancy PQ Career Open Evening, which runs from 17:30 to 19:30, can be found by searching for your local Reed Accountancy office at http://www.reedglobal.com/contact-us/contact-us.php

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Bookkeeping Is Imperative For Large And Small Companies

Keeping accurate records and well organized data is important to the financial well being of companies big and small. Good bookkeeping may not directly contribute to the profits of a business, though some bookkeepers would argue this, it important to the to their fiscal well being. Besides the possibility of increasing profits, there are many important reasons to maintain accurate and organized records.

One of the most important reasons to maintain accurate records is in case the business needs to borrow money for an opportunity to grow or for other expenses. Lenders expect to see solid bookkeeping and to fully understand the solvency of a business before granting any loans. Bookkeepers must keep track of the money that the company or small business has, but also be able to determine whether the owner will qualify for funds in the future. Additionally, companies or small businesses that rely on outside financing to survive must regard this as a top priority.

Accurate bookkeeping is also important in generating data for owners and managers to make management decisions, whether this is on a daily, monthly or quarterly basis. Current ledgers will indicate accurately whether a customer is past due and which are carrying balances on their lines of credit. Without this information, the company cannot effectively respond to patterns of late payments or nonpayment of customers. Additionally, these losses over time will eventually hamper a companies ability to stay in business or have enough to grow.

Businesses also use their records to determine their financial stability. They can see if their gross profits are in line with their projections. Large or small business bookkeeping helps owners decide if the prices of their products and services are sufficient to cover their costs. Additionally, this information is critical at tax time. Accurate income and expenditures are a must for a company to figure their tax liabilities for the IRS.

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Brookson Introduce New Specialist Services

Brookson have further enhanced their service offering in a number of key areas, with an Overseas Service, Legal Services, Company Secretarial and Tax and Accountancy Services.

Accountants Brookson understand their customers can bring with them a totally unique portfolio of circumstances that affect the way they operate. By providing access a comprehensive range of services that may be needed throughout the journey as a self-employed individual.

The Specialist Company Secretarial Service will assist Limited company customers with the maintenance of statutory records and registers, use of a registered address and a host of other services.

Their specialist tax and accountancy service recognises that everyone has different levels of complexity when it comes to tax and accountancy needs, with their professionally qualified in-house specialists on hand to help. Matt Fryer Tax manager at Brookson comments “This service ensures that Brookson is a “one stop shop” for all customers’ tax and accountancy needs, whether related to their self-employed business or not.”

Brookson’s specialist Overseas Services will be a comprehensive set of services provided to meet increasing demand for advice relating to working outside the UK. This specialist service allows customers to take care of their continuing UK tax and accountancy obligations as well as introducing them to a business partner who will provide a compliant overseas solution. With the current economic climate encouraging more self employed freelance professionals to consider projects outside of the UK, the government is intent on tightening the tax regime covering overseas work, therefore making it even more essential than ever to seek professional advice.

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Brookson Release iDirector Their 1st iPhone Application

iDirector is a new iPhone application developed to provide freelancers 24/7 access to their account. Limited Company accountant Brookson, have invested in this new technology to further enhance the service available to their customers. This new innovative app will allow customers to:

Brookson Release iDirector Their 1st iPhone Application

• Create and submit invoices via their iPhone.
• View invoice statements and email direct to their email address outlining how much they can pay themselves.
• Confirm their dividend payments.
• View their latest cash statement from Brookson which outlines their company’s financial position.

This is going to be first in a long line of new innovations to the Brookson service with iPhone apps being developed for their Umbrella company customers called iPAYE and for their Sole Trader customer s called iSolo.

Brookson have also committed to developing similar applications on other platforms such as Android, Windows Mobile and Blackberry to ensure they are catering for the whole smart phone market and the majority of their customer base.

Brookson are investing in a robust and efficient technology infrastructure in order to drive the online and m-commerce innovation that is currently being experienced by their customers. This investment is necessary if Brookson are to achieve their strategy of significantly increasing their market share of the self employed accountancy market.

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Brookson Has Announced The Appointment Of Some Key Positions Within Their Information Systems Department

Accountancy and umbrella company provider Brookson, has appointed new IS Manager Robin Candy, Support Manager Gerrard Singleton and Project Manager Craig Russell.

These appointments are central to the implementation of a number of new initiatives currently being undertaken by Brookson, including the recent introduction of Microsoft Dynamics CRM system, which allows the virtualisation of 24 servers down to 6 and upgrading software business wide. The changes are all intended to improve the current service offering to their 9000 customers working through their own limited company, as a sole trader or as an employee of Brookson’s umbrella company.

Robin Candy recently joined Brookson from Morgan Stanley’s UK residential mortgage business wehere he held the position of IT director and was responsible for support, development and testing. Robin was also part of an award winning team who developed an online mortgage approval and underwriting solution that processed over £3 Billion of mortgages in the first 12 months. Robin said: “Moving to Brookson was an easy choice, due their focus on technology and aspirations to constantly improve their services.”

Gerrard Singleton has arrived after previously working for Cegedim Rx in Leyland and brings with him of 15 years experience in IT Support. “Working for a progressive company who continue to use cutting edge technology is always attractive to anyone working in IT,” said Gerrard. “I’m looking forward to developing not only Brookson’s service offering but also the skills and capabilities of the team in general.”

Craig Russell has been working in Programme Management for over a decade and has worked for a number of large projects including implementing SAP in 38 entities across 7 European Countries. Craig sees his role at Brookson as being ‘to provide the necessary controls and infrastructure that are vital for projects to succeed.’

Brookson’s service is ideally suited for individuals looking to set up in business, either as a sole trader or through a limited company. Small business owners often require more support from their accountant than just the completion of year-end accounts and tax returns. Brookson provide a variety of online tools, such as financial statements, that keeps the business owner in financial control of their business and working compliantly.

Brookson recognise technology has an essential role to play in delivering next generation accountancy services to the self-employed. They believe that the skills required by a modern accountancy business go well beyond accountancy skills alone; the modern accountancy business requires the expertise of individuals that are able to build and support an IT infrstature for both operational service delivery as well as online customer facing service delivery. These latest appointments significantly strengthen Brookson’s Information Systems skill base.

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Brookson Has Embarked Upon A Major Infrastructure Upgrade Program With The Introduction Of A Number Of New Products

The accountancy support services provider and Umbrella Company has recently introduced 2010 versions of Microsoft exchange and Microsoft SharePoint. The introduction of Exchange will provide more integrated communication and improved efficiencies regarding emails around the business, while SharePoint provides a far more dexterous document management capability, consolidating the way Brookson store documents, information and consequently how they manage data.

The project also sees the virtualisation of more than 24 physical servers onto 6 virtual hosts. This provides a number of benefits such as less power consumption due to reduced need for cooling the servers, faster deployment of applications business wide, easier maintenance and increased reliability.

These changes are intended to improve the efficiency of the services provided by Brookson to its 9000 customers working through a Limited company, as a sole trader or as employees of Brookson’s umbrella company.

Lee Kingshott, Information Systems Director at Brookson, commented, “New technology is something Brookson continue to invest in. With our current aspirations to revolutionise the accountancy market, improving our in house technology is critical to improving our customer experience and these recent changes are another big step in further enhancing our services.”

Paul Sweeney, Managing Director at ANS Group added, “ANS Group aim to provide cutting edge technology solutions to our customers and it’s great to work with forward thinking organisations such as Brookson. Our solutions are focused on improving business efficiency and enhancing the end user’s productivity and collaboration experience.”

Brookson is investing in a robust and efficient technology infrastructure in order to drive the online innovation that is currently being experienced by its customers. This investment is necessary if Brookson is to achieve its strategy of significantly increasing its market share of the self employed accountancy market.

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Brookson Announces Partnership With Liveperson

Brookson, a specialist accountancy and support services provider has chosen Liveperson as a strategic partner to provide live web chat capabilities for Brookson’s website.

Brookson Announces Partnership With Liveperson

The software allows Brookson’s new business consultants to interact with prospective customers as they browse Brookson’s website. Prospective customers invariably have questions on a wide variety of issues that need to be answered before making a decision about whether self employed working is for them. Self employed working may not be the best option; working through Brookson’s umbrella company is a popular option. Liveperson allows consultants to expand on the guidance provided online so visitors can make an informed choice about the way of working that suits their individual needs.

With Liveperson Brookson’s consultants are able to engage with prospective customers as they read the website page by page. Brookson want to make life simpler and easier for Limited Company and sole trader professionals therefore they are looking to engage in a way that best suits the individual. Some individuals prefer to chat online because it may be impractical to have a conversation at that time or it may be that online chat is their preferred method of contact.

Head of New Business, Andrew Sloan commented: “In today’s climate, self employedprofessionals browse the internet to find accountancy services. By utilising this contact method, discussing the content as they read through the website, we are able to provide prospective customers with a clear understanding of why Brookson is so different to the services offered by a traditional high street accountant.”

This latest service improvement is another in a long line of technological enhancements to the Brookson service in recent months. Brookson’s stated strategy is to “revolutionise the small business accountancy market” and the web plays a significant part in this strategy both in terms of winning new customers and servicing the needs of existing customers.

Brookson’s service is ideally suited for individuals looking to set up in business, either as a sole trader or through a limited company. Business owners often require more support from their accountant than just the completion of year-end accounts and tax returns. Brookson provide a variety of online tools, such as financial statements, that keep the business owner in financial control of their business and working compliantly. Online chat complements a service that relies on clever use of the web.

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Brookson Introduce New Opal Telecom Telephone System

Brookson has installed a new Opal Telecom telephone system, including Mitel hardware and software, across its whole business.

Brookson, a leading accountancy and umbrella company services provider, has introduced this new system to improve their customer services offering.

The new Mitel 5000 CP system allows Brookson to route calls more efficiently to the relevant experts and ensure callers receive a hassle free experience when contacting different areas within the business. The software also provides more reporting capabilities including monitoring calls and call volumes.

The move will also ensure self employed specialist accountants Brookson maximise their call efficiencies as the new software will allow simultaneous running of both PCs and the telephone system on one network.

Head of Customer Services, Peter Metcalf commented: “The introduction of this new technology is a massive step forward in terms of our service offering, allowing the business to manage increased call volumes more efficiently, ultimately leading to an even more professional service.”

Brookson’s service is ideally suited for individuals looking to set up in business, either as a sole trader or limited company, who often require more support from their accountant than just the completion of year-end accounts and tax returns. Brookson’s revolutionary approach to accountancy reduces the administrative burden of day to day bookkeeping and the time consuming administration for our customers. Brookson do the accounting so their customers do not have to. Key to its successful ‘day to day’ service is a dedicated Customer Service Team that speak to customers on a regular basis providing specialist accountancy advice. As a result, Brookson has considerable call volumes to manage on a daily basis.

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Brookson Has Improved Its Identification Assessment Process By Introducing Experian Software For Its Customer ID Checks

Brookson, a leading accountancy, tax and support services provider to the self employed, has selected Experian as the ideal partner for its Identification Software. Experian’s Authenticate Pro and Validator Plus products will be used to verify the new customers and will dramatically reduce the time it takes Brookson to complete their customer take on process.

Brookson Has Improved Its Identification Assessment Process By Introducing Experian Software For Its Customer ID Checks

Brookson’s umbrella company customers work with a wide range of recruitment businesses. The Experian partnership enables Brookson to continue to be a compliant service provider while meeting the speed of set up required by both its contractor customers and the recruitment businesses. If contractors are delayed in taking up opportunities it costs the contractor and the agency money.

Authenticate Pro accurately verifies the identity of new customers by referencing applicant details against Experian’s data sources to obtain a ‘pass’, ‘fail’ or ‘refer’ with regards to their identity. Where a ‘fail’ or ‘refer’ is signalled, a supporting tool called Validate Plus performs a remote check on information contained in official documents, such as a passport number, without the customer having to part with these.

Andrew Sloan, Head of New Business at Brookson, explained: “Introducing new and innovative solutions is something Brookson continue to demonstrate across both its limited company and umbrella company service lines. This latest addition will further streamline our joining process, in many cases allowing customers to join on the same day, provided relevant checks are passed.”

Stuart Johnston, Managing Director at Experian QAS added: “The authentication process plays a crucial part in improving business efficiencies in the financial services market: it affects the customer experience, the staff workload and the compliance levels of the company. It’s great that Brookson is integrating our product range so effectively, combining Validate Plus and Authenticate Pro to offer efficient and rapid validation of customer details and make the customer acquisition process less of a headache.”

With more initiatives in the wings, Brookson is looking to significantly increase its customer base across all services lines and continue to improve the quality of service it provides to limited company, sole trader and umbrella company customers. The new Experian software will make the joining process more efficient while delivering a better joining experience for the customer.

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Brookson Completes 2010 Strategic Recruitment Programme

Brookson, a leading tax accountant and support services provider, has completed its strategic recruitment drive to help strengthen its existing senior team in preparation for extensive 2010 growth plans.

The senior management team appointments consist of new sales and marketing director, Chris Bowden, head of group marketing, Sandi Rowley, and head of new business, Andrew Sloan. These sales appointments together with recent appointments in operations and IT build on Brookson’s tax accountant expertise to create a team with the appropriate depth of experience to achieve its growth plans.

Chris Bowden, 42, has over 20 years experience in global logistics, specialising in corporate account management and sales. Chris joins from FedEx where he managed large multinational, global accounts including Rolls-Royce, Microsoft, Dell and HP.

Appointed to communicate the development and modernisation of Brookson services through numerous new marketing channels, Chris will reaffirm Brookson’s commitment to support its customers with the latest technological innovations.

Chris will be challenged with building multi channel strategies across all Brookson service lines including limited company, sole trader and umbrella company service lines.

Sandi Rowley is a highly accredited B2B marketer and joins the Brookson team from Alliance and Leicester commercial banking, with over 21 years of direct marketing experience in the finance industry. Tasked with ambitiously growing the business through the integration of key marketing channels, Sandi will be using direct and digital strategies to support new initiatives that will position the company at the forefront of accountancy services. Sandi’s experience at A&L marketing products and services to entrepreneurs looking to set up a business will be invaluable to Brookson.

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