Save time during Self Assessment by collaborating with your clients

7th Dec 2021
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Self Assessment season can be a stressful period. If your clients aren’t already using accounting software to manage their finances, here’s why collaborating with your clients online can help you be prepared for their tax returns.

Encourage clients to upload materials

Sharing accounting software with your clients is a great opportunity to get the materials that you need on an ongoing basis.

Encourage your clients to use integrated features like invoicing, expenses and receipt upload apps on a regular basis. Along with giving them useful tools to help them run their business, it means you have all the information you need to do their accounting.

Automatic bank feeds

Look out for features like bank feeds too. This is a useful feature to get your clients to set up. Instead of going through bank statements, you’ll have all their transactions straight in the accounting software.

By automatically importing transactions on a regular basis you have an ongoing view of their business. You’ll still need to accompany these with receipts, but it will make it easier to identify if any important documentation is missing. 

Save time with automated reporting

When it comes to Self Assessment season, using an automated profit and loss report makes it easy to fill in their return. Once their accounting is complete and the report is automatically generated, you can use it to fill in their return.

If your clients are uploading material regularly then it benefits you both. You have their materials in good time to submit their return, while your clients can benefit from up to date reports throughout the year if you manage their day to day bookkeeping.

Collaborate with Bokio

Intuitive accounting software like Bokio can make it easy to get the materials you need well before the Self Assessment tax return deadline. 

Bokio accounting software offers bookkeeping, invoicing and expenses management. It’s a great solution for collaborating with smaller clients, like small businesses, sole traders and freelancers. Features like bank feeds, bookkeeping templates and automated reporting make it easy to collaborate with your clients.

Bokio helps you save time by using automation, so you can focus on offering high value advisory services.