Are you still creating your financial statements manually? If so, you’re probably making life hard for yourself. Most accountants these days use more streamlined and innovative solutions like accounts production software to create their clients’ year-end accounts. Why? It’s a much quicker and simpler way of producing fully compliant financial statements.
With so many accounts production solutions on the market nowadays, there really is no need to spend hours on excel creating financial statements. Any decent provider includes numerous entity templates and automatic compliance updates, and these functions alone can save you hours every week! Think about it – wouldn’t it be easier to just select a template or click a button to complete XBRL tagging in seconds? And imagine how much time you’d save not having to research compliance changes.
Another benefit of updating from excel or desktop-based software to more modern cloud-based software is the ability to work on the cloud. This means you can work from any device or location, as long as you’re connected to the internet. A cloud accounts production solution offers easier collaboration with your team, lets you share documents with ease, and offers a much more convenient user experience.
Make edits on the go
One thing to consider is how quickly you can edit the final accounts in your software. Direct editing functionality is where you can really save time in the final moments before the due date. How? Most often, accounts production software requires accountants to manually check the produced accounts, identifying where changes are required. To make changes, they need to switch to the compliance setting, make the edits, reproduce the accounts and begin the review process again. Stressful, tiring and time-consuming – who needs it?
In comparison, a solution with instant editing functionality allows accountants to directly edit their accounts while they’re reviewing them, so you don’t have to spend time taking notes and looking for the relevant compliance settings. This lets you get through your work quicker, without interruptions!
But where can you find a provider with this functionality?
Would you be surprised to learn that we have one in the works, that’s (almost) ready to take the UK by storm? Bright’s accounts production software is coming, and we can’t wait to make it available to you. A tried and tested product in Ireland, our accounts production solution is designed to make creating financial statements as simple as possible to cut down on time and stress.
Want to stay informed on its release? Great! Register your interest and we’ll keep you in the know!
