Bookkeepers are all praise for modern cloud-based bookkeeping software because it ushers in greater efficiency, convenience, professionalism, and accuracy. Bookkeeping software helps them manage their teams better, ensure error-free data, negotiate more professionally, be more impressive overall and simply go about their bookkeeping in a more convenient (but also more professional) manner. The situation is no different in the UK.
Bookkeeping for accountants and bookkeepers is what you might call a technological support system, offering them the tools and insights that they need to run their businesses with greater efficiency and greater profitability.
Here are 5 of its most-loved features:
“Instant health score” for the negotiation table
When you meet with a client for the first time they will describe their requirement and the scope of work and perhaps the volume of transactions handled by their company. If you’re lucky, they might even let you have a glance at their books before you give them a quote. Even if they give you some lead time to turn around a quotation for bookkeeping services, in all probability you will not be able to get a complete picture of the health of their books.
That’s why, at the top of a bookkeeper’s list of most loved features of UK bookkeeping software, is the Instant Health Score feature that lets the bookkeeper or accountant know the exact state of a client’s books. This definitely speeds up the onboarding process and enables more professional, fact-based negotiation.
Better workflow management
Solutions like Dext Precision come with a Focus dashboard. This invaluable resource gives you eyes everywhere – literally. Sounds too good to be true? It isn’t… this is how it works: a dashboard tracks all team workflows (after all Dext Precision integrates with all major UK bookkeeping software) and therefore gives you a clear idea of how your team is getting on with various jobs. You can get tasks actioned and keep your team on their toes so as to drive new billable projects to you and the team.
This feature also lets a bookkeeping firm’s boss know who his or her best resources are (and who the laggards are).
Auto clean data
UK bookkeeping software combines artificial intelligence and machine learning to deliver an incredibly intelligent and intuitive solution to users. UK bookkeeping software can automatically spot and alert you about discrepancies and anomalies in the data, thus eliminating or at least minimizing human error.
You can also track changes and back-check data. Duplicates data entry deletion is another immensely applauded solution in bookkeeping software.
Easy data entry
Bookkeeping solutions like Dext Prepare drastically cut down time spent on data entry thus allowing a bookkeeper’s team to take on more clients.
- Receipt scanning
UK bookkeeping software allows users to simply snap or scan bills, receipts, and invoices and upload them to the software. The system is able to extract all the data vital to accounting from the document. The user gets a data entry in the form of digital text. A copy of the original document is also saved for later reference, a thoughtful feature that really helps when double-checking or auditing. The software can also extract data from online sources and PDFs. Bookkeepers love this feature because it truly takes a load off of their backs.
- Seamless bank account data flow
A large chunk of a bookkeeper’s day is devoted to logging countless business transactions in a company’s books of accounts under appropriate headers. As you can imagine, bookkeepers absolutely love that UK bookkeeping software can link a business bank account to the relevant company’s books to enjoy seamless, live, and automatic data transfer from the company’s business bank account to its books.
- Professional sorting
Bookkeepers can’t get enough of features such as Dext Prepare’s Smart Items feature that allows them to categorize and label line items automatically.
Additionally, UK bookkeeping software allows users to up their tax game. If receipts have information relevant to tax deductibles, the bookkeeper can go ahead and divide by description, nominal code, or percentage
After data entry, coordination comes next in line in terms of tasks that hog a bookkeeper or accountant time. A client dashboard solves that issue and so much more.
- Bookkeepers can simply ask for missing or additional paperwork via the client dashboard
- The dashboard can be personalized, this making the bookkeeper’s practice looks very professional
- It also helps with invoicing
Makes you look smarter
Bookkeeping software allows bookkeepers amazing insights into their clients’ cash flow, supply chain leaks, and revenue trends. It basically lets them tell their clients how to make more money, turning them into invaluable resources.
In addition, bookkeepers can get a heads-up on how upcoming taxes will affect a client’s profitability.
In addition to all of this bookkeeping software for accountants is cost-effective and very affordable at a base level price of just GBP 20 pounds for 65 users (or GBP 40 for as many as 20 login ids). It also integrates seamlessly with other UK bookkeeping software.