At 1Accounts we love technology… we always have
Using technology to make life easier for our team and our clients has been one of our core values and aims from the outset. We pride ourselves on being at the forefront of technological change, we are the ultimate #gadgetguys. 1 Accounts’ commitment to using technology to streamline processes, to automate mundane, repetitive tasks and to drive efficiency ensures we can spend more time helping clients.
Online accounting software
Online accounting enables you to manage the transactions in your business using a cloud based accounting software package. The software package is “in the cloud” which means that you can access files and applications anywhere, anytime. As accountants we can also see your data in real time allowing us to advise on actual data, not past data.
Why we love it.
- Access your accounts online anytime, anywhere – all you need is an internet connection
- Making Tax Digital (MTD) compliant
- Simple to use and easy to share information
- Automatic, free updates and upgrades
- Safe and secure – backed up in the cloud
Our software recommendations:
Xero
Xero was founded in 2006 in New Zealand and was launched to the UK market in 2008. In the last decade Xero has grown to over 253,000 users in the UK.
The award winning software is ideal for small to mid-sized businesses. Easy to use with some very powerful features Xero can integrate with over 700 third party applications. What our clients love most about Xero is the way in which the software handles bank reconciliations. This time consuming chore has been transformed through the use of automated bank feeds.
1 Accounts has been working with Xero since 2016 and is a Gold Partner with all members of the team Xero Certified Advisors.
Sage Accounting
Sage UK’s cloud based accounting software, Sage One, was launched in 2011. Sage One was rebranded to Sage Business Cloud and is now recognised as Sage Accounting. Sage Accounting offers a suite of online solutions making it suitable for all types of businesses, from start-ups to scale-ups and enterprise businesses.
Sage Accounting is simple to set up and use. The accounts can be configured to suit the requirements of the business from the outset. The entry level version is very affordable for sole traders and freelancers.
Paul’s relationship with Sage dates back to 1993. When Sage launched Sage One Paul championed the product and was one its strongest advocates. 1 Accounts are Sage Gold Partners and Sage Certified Advisors
Receipt Bank
Receipt Bank is a cloud based application that automates book-keeping and data entry. Simply install the app on your smart phone, take a photograph of the receipt via the app and press the submit button. It literally takes seconds! The app then extracts the data from the receipt, the team at 1 Accounts review the data and publish it to your accounts.
Invoices can be emailed to a special email address and are treated in a similar manner.
Receipt Bank is a Xero product and so integrates seamlessly.
Why do we love it?
- It has transformed the way our clients deal with payment receipts and invoices
- Removes the need for manual data entry by the 1 Accounts team
- Saves time for the client and 1 Accounts
- Reduces the amount of paper records that need to kept
- Life is far too short to be adding receipts manually!
Go Cardless
GoCardless is a UK centred payments gateway. It is the easy way to collect direct debits based on the bank to bank payments system. It can be used for direct debits or recurring payments for either fixed or variable amounts.
It is used by over 30,000 businesses, from sole traders to multi- nationals. It is simple to set up and there are no set up fees or contracts.
Why do we love it?
- GoCardless ensures our clients get paid on time, every time – which is great news for their cash flow
- It automates the payment process and saves time
- Affordable transaction fees, just 1% with a £2 cap
- It integrates with Xero and Sage.
- Life is far too short to be adding receipts manually!
- The data is secure in the cloud
- Life is far too short to be adding receipts manually!
Stripe
Stripe is a payment processing platform specifically for online payments using credit and debit cards. Stripe is used by over 1 million businesses worldwide, from start-ups to public companies. The platform has a high level of functionality and can be used for all types of business model – subscription service, on demand marketplace, e-commerce store, crowd funding projects – the application is unlimited.
Why do we love it?
- It is simple to set up and use
- There is no set up fee or monthly subscription fee – you pay a fixed fee and a % of the transaction
- Fast transfers to your bank
- Gives you the freedom to scale your business
- It integrates with Xero and Sage.
