Member Since: 14th Jun 2012
5th Mar 2020
When I was employed in Auditing profession by Deloitte's we always judged the findings by the Internal Audit of huge value in directing our tests.
30th Jan 2020
I would shift to automated AP processing but it seems where an organisation has stock control this is a barrier to Automated AP processing. Current software vendors do not offer integration to invoices which are required to update stock.
4th Mar 2019
The Business Edition of Money Manager 7 by MoneySoft has a range of features to assist in the day-to-day financial management of your business, including MTD and price is £100 plus £20 Vat or £120 incl VAT. Not a cloud based solution which appeals to me as does not place control of Accounting in hands of BigTech Companies pushing their Cloud Software and prices through the roof.
21st Feb 2019
Accounting Software provider Moneysoft offers Moneysoft Business Manager 7 with MTD for £120 including Vat
8th Nov 2018
I do not understand this at all. Leaving EU means that instead of having to pay the costs for maintaining two bureaucracies namely the UK and the EU all business in UK will now only have to pay for UK bureaucracy also there will no longer be a yearly subscription to be part of EU club of £10's of billions. Also we will have complete control over our tax affairs including being able to reduce taxation levels without EU interference. In my view just some more scare mongering by political elite, establishment, the BBC , Main Stream News Media nothing changes.
22nd Jun 2018
More than 90 % of our politicians have no real life business skills and never worked in the real world.Most politicians are very skilled liars and rarely know the difference between fiction and reality.Most of their political decisions are frequently to enhance their own pockets one way or another. I have never met a poor politician because my guess there are none. Most polticians are a drain on the taxpayer and rarely if ever do what their constituent voters really want.
28th Apr 2018
Cloud computing is going nowhere until they figure out how to work both offline and online by sysncronising the data if you loose the internet. Most businesses are exposed to huge risks just look at all those fibre optic cabinets which are in plain view they even have stickers on them saying get your fibre optic here. What happens if they are damaged or vandalised the internet will be unavailable for months. The consequences for a small business could be very expensive.
27th Apr 2018
If you use the correct logic and build in check formulae into spreadsheets they can be a very powerful tool. I use pivot tables almost all the time to ensure that mistakes in adding up totals are virtually eliminated.If one learns how to use the Power Pivot tool available in excel one can always obtain information which Accounting systems are not capable of producing or providing. Accounting systems are always dependent on the quality of the data put into them. Using Macros and visual basic used in conjunction with accounting systems make spreadsheets a really invaluable tool for accountants. Many of the online accounting systems in the cloud use data input by non accounting people and business owners and I have seen that the quality of the data is often very poor and not logical because there are is no data validation built into these online accounting systems. If one has access to the database tables behind most accounting systems spreadsheets are really powerful tools available for accountants and indispensable providing underlying data is correct and this is always the case ,so spreadsheets are here to stay for accountants and the accounting and auditing profession..
24th Aug 2016
I am also a finance professional and I have a home in France and have owned the property for nearly twenty years in an area of France which has a very strong farming community and contrary to Melanie C's comments all of my French friends think the UK are quite astute in voting for Brexit as do our Spanish and Italian friends. They all view the EU as undemocratic and not good for their businesses.
23rd Oct 2014
Cloud Accounting - Online and Offline
I think there is a big flaw in the Cloud Model for SME's because I am not aware of any software providers who allow for both online and offline accounting if the internet is not operational for any period.
I am not talking about a natural disaster as everyone will be affected but a situation where a fibre optic cabinet or the cable carrying your internet connection has been vandalized and will take several days or weeks to repair when your company has a very busy period say during the busy Christmas period with tight deadlines for deliveries. What happens then, because your accounting system needs to produce bills of materials to manufacture small items and you need to maintain stock control involving several staff members ? You cannot uproot your business to the nearest internet connection not possible even for a small business. You will need a local network with access to all your data. This ability to work both offline and online needs to be addressed first before any SME will adopt a cloud solution fully.