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What do the next 12 months look like for cloud accountants?

More than half of Xero accounting partners in the UK are planning to have 70% of their clients online by December 2018. That's a huge movement in the accounting industry. And if you're not sure why it's happening, just take a look at these findings from Xero: Firms with more online clients are seeing faster revenue growth – often three times as high as firms with fewer clients online. Accountants with more online clients are adding far more new clients than accountants with fewer online client...

September 20, 2017

How the Exact software helps manufacturers and wholesalers stay on top of their game

It's easy to see why manufacturers and wholesalers might be jealous of the more simple industries. With intricate logistic networks and an enormous range and depth of items and stock to manage, things can get messy if you're not in control. But luckily, this complexity means they have the most to gain from the powerful tools that are helping them to automate their businesses. Exact is a perfect example of software that does just that. Their flexible cloud software package is laser-focused on man...

September 5, 2017

Float: Cash Flow Forecasting in Half the Time of Spreadsheets

The importance of cash flow cannot be underestimated. In fact, poor cash management is the number one reason why small businesses fail. An accurate, up-to-date cash flow forecast can address this risk head-on as it predicts a small business’s future cash outlook by mapping when and how much money flows into and out of its bank account. A cash flow forecast will tell business owners when they will face cash shortages and surpluses - and help them plan accordingly. Many businesses make their c...

August 9, 2017

Is your job management system up to scratch?

Project management isn't exactly glamorous. But when it's done right – and when you have the right tools – you can start to see just how profitable and stress-free the time spent on your projects can be. If you're looking for painless collaboration, protected data and an end to time-wasting admin tasks, you really need to ask yourself the following questions about your current project management set-up....

July 27, 2017

Instafile: Automated filing in minutes

It was just a matter of time before someone automated the filling of returns to HMRC and Companies House.  From paper receipt through to tax returns, this is the first step towards a complete link in the automated accounting chain. Instafile was created to help small businesses avoid the ordinary pitfalls of the government’s manual systems and allow them to file returns themselves in minutes. ...

July 14, 2017

£22,000 in your pocket: Automating credit control with Chaser

Every business that sells on payment terms wants one simple thing - for their customers to pay them on time. Unfortunately, the truth is that this is easier said than done. With Lloyds Bank reporting late last year that in the UK alone, SMEs are collectively owed more than £580 billion in outstanding invoices, there’s an oft unspoken cashflow crisis sweeping the country. Running an effective credit control function is a many-horned beast. There are emails, phone calls, and notes to juggle. Ch...

July 12, 2017

Cin7 Inventory Management: Case Study

S.E. Simons are one of the UKs leading wholesale suppliers of haberdashery, ribbon, knitting & crafts supplies. Selling of 24,000 different products with the majority of sales coming from e-commerce platforms. They were using QuickBooks Desktop to manage the majority of their process from Stock management to accounting. The system was slow and lacked some of the required integrations they needed. They wanted to improve the way they managed their inventory with the e-commerce platform and utilis...

June 28, 2017

Making the most of ecommerce with a cloud inventory system

If you're yet to make the leap into e-commerce – or you're not sure that you're making the most of the tools available – there's never been a better time to change the way you do business....

June 16, 2017

Recent Project Briefs: Inventory

We work with a very diverse range of clients when recommending and implementing inventory systems. Diverse not just in sector, size and distribution channels, but also their existing systems and goals. These project briefs demonstrate the journey from current accounting and additional programs to an integrated cloud based solution. In highlights the possible ways that we can help businesses with application that pass data automatically, saving hours of admin time. ...

June 14, 2017

3 Steps: Converting clients to cloud accounting

We all know how stubborn some accounting clients can be. For every compelling reason for them to venture into a better way of working, there's an unfounded objection or an overcautious resistance to change. And unfortunately, for every encouraging accountant and open-minded entrepreneur, there's usually an adamant business owner who refuses to pull their feet from the mud. Luckily, there's plenty you can do to help change their minds. Here are a few tips to help you plan out your attack ...

June 5, 2017

4 Useful tips to help you choose and implement an ERP system

Enterprise Resource Planning (ERP) software is all about making life easier. With a system of integrated applications, your business can run more smoothly – back-end operations are automated, and many redundant or time-consuming tasks are taken out of the hands of your already-busy employees. But making the change to a new ERP system isn't as easy as the part that comes after it. To help you along the way, we've put together a few tips for choosing and implementing a new ERP system –...

May 2, 2017

Is someone stealing from your business?

According to the AFCE, businesses are losing 5% of their revenue to fraud every year – and those are just the cases that are being detected. Luckily, there's plenty you can do. We've put together a few of the most common scams that businesses suffer from, along with a few tips to help you prevent and detect them. No one likes to suspect their own customers, employees and suppliers. But with a little diligence and attention – and a little help from some powerful software –you might be a...

April 10, 2017

Save hours of admin time with inventory management automation

By Guy Earnshaw It's time to ditch your traditional inventory management systems and save on the many hours of admin time. You can significantly reduce the risk of human error costing sales or damaging cash flow. By using an automated cloud based system that is fully integrated and offers you greater efficiencies, you can increase productivity and drive more sales without spending more on admin. ...

March 24, 2017

Accountants: Do you know the risks of avoiding the cloud?

If your accountancy firm still hasn't got on board with an evolving industry, there's never been a better time to get started. But if you're finding it hard to commit to the first step, it's worth knowing what's in store for accountants in a cloudless future. We took a look at some of the major pain-points for practices that either resist or refuse a change to a better way of working – what they'll have to endure, and what they'll end up missing out on....

March 10, 2017

Save hours of admin time with Spreadsheet-to-Xero integration

Reduce admin costs and save data entry time by setting up a bespoke integration from your spreadsheet files, like Microsoft Excel, Google Sheets or Open Office, to Xero with our Spreadsheet-to-Xero product. ...

February 22, 2017

Is your stock control ruining your cash flow?

Staying on top of your inventory might not be the most exciting part of running a business – but it's still one of the most important. So we've put together a few stock management tips to help you cut costs, smooth out sales, and free up cash for the parts of your business that really need it....

February 13, 2017

What Accountants need to know about HMRC's Making Tax Digital for business (MTDfb)

At the end of January, HMRC published its response to last year's consultation on the upcoming Making Tax Digital initiative. For the tax-man, it's an inevitable and welcome transition to a paperless future that's expected to put almost £1 billion into the Exchequer by 2021. For SMEs, it's a fundamental change to the way they pay their taxes. And that means it's a shift in the industry that you can't afford to ignore. To help you get a head-start on the proposed revisions and upcoming leg...

February 3, 2017

4 myths about cloud software that accountants need to know about

It's natural to be wary of change. It's especially natural to be wary of the unfamiliar – and it's perfectly sensible to be cautious with your business. But that's no excuse for ignoring the facts. Cloud accounting software has made managing finances more productive, affordable and convenient for hundreds of thousands of businesses all over the world. And yet there are still some accountants who have their reservations. Here are just a few of the most common fears, concerns and misconc...

January 17, 2017

Xero Roadshow Round-up

Last week I went to the Bristol Xero Roadshow. It was packed. If you didn't make it, find out what you missed. It was a great opportunity to find out what is ahead of the accounting profession, like the AI updates Gary Turner talked of. There was some furious note taking which is no surprise given the gems of information people like Paul Bulpitt were handing out. Xero is focused on helping accountants improve their offering and enhance their client relationships. As the software improves, Xero...

November 22, 2016

4 valuable inventory management lessons from big companies for your retail business

We've all heard similar stories before. Massive companies roll out new technologies on a huge scale to cut costs, boost profits and raise productivity. These sorts of opportunities just aren't available to smaller businesses, right? Wrong. Cloud-based software has made premium technologies affordable and accessible for businesses of all sizes. And with a wide range of Xero add-ons to choose from, SMEs can get all the power of these business-boosting applications tied directly to their accounti...

October 12, 2016

International Integrators

It's no surprise that cloud accounting has grown massively in the last two years. With Xero constantly improving their cloud software and greater efficiencies for the user, businesses are queuing up to switch. Xero's popularity has outstripped the number of companies available to support tool selection and onboarding. As integrators and advisors, we have seen serious growth in the international market. Companies around the globe trying to improve their systems have approached us for help. So we...

September 23, 2016

Stagnation of the cloud accounting nation....

Having spoken to numerous practices over the last year I have seen consistent issues with converting clients to the cloud, or onboarding new clients. For many it is a surprise when I calculate how long it will take them to convert their cloud-ready clients and create their practice success report. All too frequently there has been an early peak of clients being moved to cloud but then it stagnates – the momentum is lost. So what is happening? Here are some reasons I have seen so far: No d...

September 14, 2016

Don't be a dinosaur, extinct by the cloud meteor

The world of accounting has been changing for some time. Most of you will already use cloud technology, Facebook, emails, online banking. Cloud accounting is experiencing massive growth and the switch to digital tax accounts with HMRC is going to speed up the changeover. By 2020 tax will be visible and manageable in as close to real-time as possible. HMRC will draw information from various sources rather than relying on data from the business or individual. This has huge benefits for the use...

September 1, 2016

Why Choose Datamolino?

If you want to take away the pain of data entry, Datamolino could be the answer. You can save hours with no need to manually key in invoices or add descriptions. Datamolino reads your invoices and extracts the alphanumerical data, creating a digital file. The data can then be automatically entered into your cloud accounting software with APIs available for Xero and Sage One. The add-on also has an open API so it is possible to integrate it with a variety of other systems. ...

August 11, 2016

How the hell do I choose an add-on for my client?

At the beginning of the month we ran out first 'How the hell do I choose an add-on for my client?' webinar. This was a free session were Matt Flanagan and Guy Earnshaw talked through the process of add-on selection. They talked through the whole journey stage by stage. Starting from scoping client needs, researching the market and making recommendations. Along the way there were plenty of hints and tips with things to watch out for. Over the years BlueHub's consultants have gained a wealth of...

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