Fully Digital

This package is for businesses who want to keep a track of their financial position on a more regular basis than quarterly.

With a growing business or one with more complex affairs, a quarterly accounting period and summary is not enough to keep the business on track. There is often a need for daily or weekly reconciliations, cash flow projections, reports and forecasts. For these clients, we recommend a fully digital service package.

Go fully digital and leave the work to us

Digital accountancy packages use cloud accounting services to deliver savings and efficiencies. The idea is that the underlying accounts framework is fully automated, meaning that transactions are processed as efficiently as possible. Standard reports, forecasts and reconciliations are set up in advance, with ad hoc querying of your real-time financial data made quick and easy. The enhanced automation significantly increases the accuracy of your accounts information, as it cuts down on data entry errors.

We maintain a regular monitoring brief to ensure you are capturing the savings benefits you should be getting and that all entries have been correctly posted and accounted for. No matter what the size of your business, the day-to-day housekeeping tasks for the accounts take up time that you and your staff could be spending running the business. We remove this burden to free you up to spend your time more productively.

There is another aspect of our service that businesses we work with in Liverpool, Merseyside and the wider North West all report as incredibly useful, which is that we can log in to your accounting system and collect the information needed for all the official returns - HMRC, VAT, accounting end of year or period, and so on. We format it correctly and submit it on time to the relevant departments. This is another headache you can forget about and one more benefit of digital accountancy packages using cloud accounting services.

Sales, purchases and bank transactions

We will replicate your company logo and branding within our system so that you can use it to issue invoices that look just as they always did; in addition, our software will ensure that your sales invoices run correctly in numerical order. By using the system to set up auto reminders about payment, you will be able to improve your cash flow without spending hours chasing customers on the phone.

Processing receipts and purchase invoices is simple - just use the phone app to capture them digitally or forward them by email and we can then take them straight into our system; of course, your business bank accounts are also linked to our system. Using a secure read-only view, the transactions will be downloaded each day.

The results are that your business accounts are up to date, your information is accurate, you have cut down hugely on manual processing, you are making savings, and your returns are handled for you. If this sounds like a good way to run a business, get in touch and you can soon be capturing these benefits.

So what are you waiting for?

Call us today on 0151 724 3960 to arrange your free consultation.

Alternatively, you can email us at admin@mjfaccountancy.co.uk or you can use our website contact form.

Off-payroll rules for the private sector

The government has published the draft legislation for the next Finance Bill including the rules for off-payroll working in the private sector.

02 Aug 2019

Digital Services Tax

From April 2020, the government will introduce a new 2% tax on the revenues of search engines, social media platforms and online marketplaces which derive value from UK users.

02 Aug 2019

Insolvency hierarchy changes

From 6 April 2020, insolvency legislation will be amended to move HMRC up the creditor hierarchy for the distribution of assets in the event of insolvency.

02 Aug 2019

Private Residence Relief changes

The government published draft legislation for the next Finance Bill including draft clauses on the changes to Private Residence Relief .

02 Aug 2019

Working parents may be eligible for tax-free childcare this summer

The government is reminding working parents that they could ease this summer's childcare costs by using Tax-Free Childcare.

02 Aug 2019

VAT changes may cause construction chaos

The Federation of Master Builders (FMB) is warning that a major change in the way that VAT is accounted for in the building and construction sector which takes effect later this year may cause chaos.

02 Aug 2019

Wage growth at a high

Data published by the Office for National Statistics (ONS) has revealed that UK wage growth increased to 3.6% in the year to May 2019, the highest rate since the financial crisis in 2008.

02 Aug 2019

Updated guidance on spotting HMRC scammers

HMRC has updated their list of examples of websites, emails, letters, text messages, WhatsApp messages and phone calls used by scammers and fraudsters to obtain an individual's personal information.

02 Aug 2019