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Tech Lowdown: Pandle expands, Amex, and new accountant definition

30th Jan 2019
Commercial Production Editor
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Tech Lowdown

Welcome to our weekly round-up of the latest news and updates from the accounting tech world. 

This week, Tech Lowdown features the international expansion of bookkeeping software provider Pandle, Xero’s petition to update the current definition of ‘accountant’, and new events including roadshows and webinars.

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Pandle expands outside of the UK

Pandle aims to expand its 20,000 UK user base through making the software available internationally, with accounts that can work with any base currency.

Pandle’s users are now able to choose from a selection of default tax codes that fit their country-specific needs, such as EU VAT, GST or IVA and they can also set their own tax codes. Reports and returns can be exported into either PDFs or XLS format that users can submit to the tax system in their country.

The software company announced it will build country-tailored versions in the future to provide the ability to submit records directly to each country’s relevant tax authorities, depending on the demand from each country.

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Xero proposes new accountant definition

Xero is calling for a change in the Oxford English Dictionary’s definition of the term ‘accountant’.

Xero’s UK managing director Gary Turner has launched an online petition supported by ACCA to change the current definition, which reads ‘a person whose job is to keep or inspect financial accounts’ to ‘a person whose job is to keep or inspect and advise on financial accounts’.

According to Xero, the current definition is archaic and not fit for purpose whereas making a reference to advisory will reflect more accurately the role of the accountant nowadays, reflecting how much it has changed in the last years.

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Amex blocks transactions to Curve

American Express has cancelled Curve card access just two days after the fintech app announced the addition of Amex.

Curve has now issued a notice informing its customers about the Amex’s decision to terminate its agreement. In the statement, the company said the decision is “disproportionate and discriminatory to Curve”, alleging that “UK payment regulations clearly state that Curve should be allowed to access the Amex payment network on a level-playing field with every other fee-paying and legitimate merchant”.  

The addition, which was trialled in a closed Beta since November by more than 500 Curve users, was aimed at solving a common issue that Amex card members have with some retailers rejecting Amex cards due to its high fees.

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Free webinar: How to improve your clients’ cash flow

GoCardless is offering a free webinar covering how to help clients improve their cash flow.

A financial consultant and experts at Float, GoCardless and Chaser will offer tips and advice about cash flow forecasting and discuss tactics for getting paid faster, avoiding cash flow gaps and how to use technology to help boost cash flow.

The 40-minute webinar will take place at 10am on 31 January.

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FreeAgent announces new Practice of the Future roadshows

FreeAgent will be running events across the country during February and March, with sessions that will analyse the effects of Making Tax Digital in the profession.

The presentations, which count towards CPD in some cases, will cover the future of the accountancy profession, including the increased level of competition across the industry and the drive for practice growth.

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