Simplex Accounting’s Post

Mundane, manual accounting tasks are a time sink for your talented Finance Business Partners. Release valuable time and maximise your retail business potential by automating your systems. Our accounting integrations handle revenue, inventory, payments and commitments. Integrations like Intuit QuickBooks or Xero for day-to-day accounting, TaxJar | A Stripe company for simplified tax management and Sage Intacct for generating rich and detailed management information. Embrace efficiency and reclaim time. What opportunities could you seize? #accounting #technology #innovation #ecommerce

🦾📒What’s new in accounting tech? 🚀Nominal announced the launch of its AI-driven enterprise resource planning (ERP) system, Prophix debuted its financial automation platform, LeaseCrunch is joining the Aprio Firm Alliance Affiliate Relationship Program, and We Integrate has its new Shopify Payouts integration in beta. From Accounting Today: “Bloomberg Tax and Accounting announced the launch of its next generation suite of integrated solutions for the corporate tax process, from data collection to tax calculations that power key deliverables. The suite includes Bloomberg Tax Provision and Bloomberg Tax Fixed Assets, linked together via the recently launched Bloomberg Tax Workpapers.” Read the full article here: https://lnkd.in/geRf9Tsi #CPA #Accountant #TaxPros #Tax #Taxes #Accounting #Accountancy #Bookkeeping #Finance #Advisory #Automation #ArtificialIntelligence #AI #GenerativeAI #GenAI #MachineLearning #ML #LLM #LLMs

It's that time again! We’re excited to share the latest Sage product updates, designed to make your work smoother and more efficient. Check out what’s new: 𝐒𝐚𝐥𝐞𝐬 𝐈𝐧𝐯𝐨𝐢𝐜𝐢𝐧𝐠 - 𝐒𝐡𝐚𝐫𝐚𝐛𝐥𝐞 𝐋𝐢𝐧𝐤𝐬 Forget manual downloads! Now you can share invoices via a link, allowing clients instant access to the latest version through email, text, or messaging apps. Real-time updates mean no more sending multiple versions, and clients can still download a PDF if needed. Faster invoicing, simplified communication. 𝐃𝐨𝐮𝐛𝐥𝐞 𝐓𝐚𝐱𝐚𝐭𝐢𝐨𝐧 𝐑𝐞𝐥𝐢𝐞𝐟 - 𝐂𝐨𝐫𝐩𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐓𝐚𝐱 Our newest update lets you manage double taxation relief directly in your software. Now, claim deductions on foreign taxes with ease and stay compliant with UK treaties, all in one place. Simplifying cross-border tax just got easier! 𝐁𝐚𝐧𝐤 𝐑𝐞𝐜𝐨𝐧𝐜𝐢𝐥𝐢𝐚𝐭𝐢𝐨𝐧 - 𝐃𝐞𝐥𝐞𝐭𝐞 𝐅𝐞𝐚𝐭𝐮𝐫𝐞 Need to start fresh? You can now delete bank reconciliations, allowing for a quick reset without manual adjustments to individual items. This time-saver helps ensure accurate balances with minimal effort. 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬𝐏𝐫𝐞𝐩 𝐛𝐲 𝐀𝐮𝐭𝐨𝐄𝐧𝐭𝐫𝐲 Introducing AccountsPrep, the latest add-on from AutoEntry! Perfect for clients without ledgers or sole traders, AccountsPrep captures bank statements, receipts, and invoices, preparing trial balances for export and freeing up hours in your month. Got clients who could benefit from these updates? Be sure to reach out! 

🌟 Embrace Making Tax Digital (MTD) with Tradebox: A Guide for Ecommerce Businesses 🌟 Navigating the HMRC's Making Tax Digital initiative can be challenging for UK ecommerce businesses. Tradebox is here to simplify compliance and streamline your tax reporting processes. 🛠️ Automate: Effortlessly keep digital records and submit VAT returns with Tradebox's automation capabilities. 📊 Integrate: Seamlessly connect with MTD-compliant accounting software like Sage 50 and Xero for accurate and secure data transmission. 📈 Optimise: Real-time data access and automated record-keeping help you maintain up-to-date books, enhance accuracy, and support better financial planning. Tradebox ensures your ecommerce business is ready for the current and future phases of MTD, making tax administration efficient and hassle-free. Don't let digital tax compliance overwhelm you. Achieve ecommerce success with Tradebox! Read the full article to learn more: https://lnkd.in/e24BDceS #Ecommerce #MakingTaxDigital #MTD #Tradebox #VAT #TaxCompliance #DigitalTaxReporting #AccountingSoftware #AutomatedRecordKeeping #RealTimeData

Sage is teaming up with Stripe to boost cash flow management for SMEs. This partnership expands payment options in Sage and simplifies processes with features like streamlined checkout, multiple payment methods, and auto-reconciliation. Available through Sage Accounting, Sage 50, and Sage 200 in the UK, this integration ensures secure, efficient payments for your business. #Sage #Stripe #SMBFinance #CashFlowManagement #PaymentProcessing

Harnessing Digital Technology: How Software Solutions Combat Late Payments and Minimize Bad Debt Digital technology is transforming the financial landscape, and Paycada offers a streamlined solution for managing accounts receivable. Our software eases the burden of chasing late payments, giving businesses back valuable time to focus on their core responsibilities. With automated payment reminder Paycada helps save hours each month, improve cash flow, and reduce debtor days. Our clients, including accountants and SMEs, have seen great improvements in payment processing speed, fewer overdue invoices, and stronger financial stability with Paycada in place. Integrated seamlessly with Xero, Paycada is easy to set up, and our team is ready to assist you with this process if you require our help. Interested in learning more? Let’s set up a quick 15-20 minute video call to show you the platform in action. Reach out to schedule! #SMEs #Creditcontrol #Softwareautomation #BusinessGrowth #CashFlowManagement #SMEChallenges

Sage made the front page not once, but twice in XU Magazine! While acquisitions grab attention, the real value for accountants and bookkeepers is Sage's new AccountsPrep add-on for AutoEntry, which is like adding rocket fuel to the manual accounts preparation process for non-ledger clients. Here’s how it works: Upload bank statements to AutoEntry as usual. AccountsPrep then imports this data, allowing you to review, update, and quickly code it to a chart of accounts. You can handle cheques, deposits, and even 'non-bank' journal entries. Once reconciliations are complete, access a full range of reports - P&L, balance sheet, trial balance, tax reports, and more. Plus, export seamlessly to the major final accounts production software platforms. Additional features include: 🔹 Multiple bank/credit card accounts and transfers 🔹 Split transactions for detailed coding 🔹 Three journal entry methods and import of opening balances 🔹 Full AutoEntry inbox integration for sales and purchases 🔹 Multi-period support with automatic roll-forward of trial balances 🔹 Up-to-date chart of accounts and analysis tags for flexible transaction coding AccountsPrep brings the efficiency and accuracy you've been waiting for. It's time to take some time back for you this tax return season! #accountants #bookkeepers #NoMoreSpreadsheets

How well does your stock value in Xero align with your stock system? 📦📦 Recently, we’ve come across a number of cases where businesses have had to make monthly or annual journal adjustments to balance the Stock on Hand. In some cases, these adjustments were quite significant. If everything is being managed correctly in your stock system, these adjustments should be minimal. 🔎 If you’re seeing large adjustments, it could indicate an issue – whether it’s a process that's not being managed correctly, or perhaps your team isn’t fully aware of the reasons for the variance, like transaction dates or other factors. If this sounds familiar, now might be a good time to take a closer look! You can learn more about the common issues we find here: https://lnkd.in/guzdRPcU If you have any questions please reach out – we’re always happy to help! ☎📩 #StockManagement #BusinessSupport #Xero #InventoryControl #Unleashed #Cin7Core #Cin7Omni

Why we use Xero and why our clients love it: 📌You can log in anywhere using any device. 📌Instant online invoicing and automatic payments. 📌Automated invoice reminders can be sent out saving you time following up on overdue accounts. 📌Integration is easy if you use other programmes (Dext, BFI Pay etc.). 📌You can run multiple businesses from one account. 📌Can easily generate reports and give you a real-time view of your business’ finances. 📌Automated bank feeds can import your transactions so you save hours of manual data entry. You can then set up rules to reconcile automatically too. We leverage automation to ensure business owners gain financial visibility into their business, provision for their tax obligations well in advance and have the financial information that they need to achieve their business goals. We take on three new clients per month, first come first serve, reach out to us via email 👉 info@fynbosaccounting.com #fynbosaccounting #accounting #accountingservices #accountinglife #accountingsoftware #xero #dext #simplepay #accountingsystem #accountingandfinance #accountingfirm #accountinghub #accountingsolutions #capetownbusiness #SME #supportlocal #foodandbeverage #hospitality 

Our teams are working hard behind the scenes to bring you new features and improvements! See what's to come during "International Ideas Month" including simplified order management and visibility with Commerce, more ways to batch reclassify transactions, and more: https://bit.ly/3PmCmNQ #QuickBooks #QuickBooksOnline #AccountingAndAccountants #accounting #AccountingServices