A great start to the new tax year!

It’s been a fantastic start to this new tax year with two industry articles featuring My Digital Accounts!

Our very own John Whelan wrote an article for FCSA on making tax digital, a subject which I’m sure has been burned into your brains since HMRC introduced the legislation. John’s article simply explains why it has been introduced and how this could be a huge benefit for businesses, illuminating 10 reasons why making tax digital will be a force for the good. http://www.fcsa.org.uk/resources/technical-briefings/simple-explanation-making-tax-digital/

In addition to this, John Stokdyk wrote a piece for Accounting Web stating how RBS’s buyout for FreeAgent has actually opened the door to My Digital Accounts. After talking to Whelan at Accountex North (we will also be at Accountex London in May) Stokdyke wrote a detailed article about how My Digital Accounts was started and what exactly makes us stand out in such a competitive market. https://www.accountingweb.co.uk/tech/accounting-software/door-opens-for-mydigital-accounts

We are incredibly delighted to be featured on such prestigious sites and hope to further storm the market over the next year, you will be hearing about us increasingly more.

Following on from this good news, we have also hired two new employees in our Wilmslow office, Hannah Brady our new Business Analysist and Hannah Powell the Admin and Marketing Assistant.

If this blog has interested you, come see more at one of our various social media sites (links are at the top of the page) and keep up with My Digital Accounts.

Release note 9.12.1 is here! Check out our new content and features.

Happy New Year from everyone here at My Digital Accounts
May all your troubles last as long as your New Year Resolutions.

My Digital Accounts has a new look and feel.

Check out our new Practice Dashboard, this is your new landing screen when you log on to the software. We will be adding lots more Widgets for your most important KPI’s such as VAT Returns due this month, Number of Payrolls run this week and Number of Accounts due this month. So make sure to keep an eye out for upcoming feature additions!!

New. Sleek. Quick.
We have developed a brand new collapsible menu, enabling you to take advantage of a full screen mode, perfect for when you’re working with a small screen. Our new tab function makes it fast and easy to switch between screens.
Our new Task Calendar is amazing! It will help you organise your work day…everyday.
We have also added notifications to alert you when background tasks have been completed.

Financial
You can now produce company Management accounts from within the software – it produces the P&L for the current month, year to date month by month breakdowns and the balance sheet. If your month doesn’t start on the 1st however this isn’t a problem, you can set this to start on any day you want! We’ve also added boxes to add notes to the management accounts before downloading them as a PDF. Don’t tell your boss how easy it is to manage you accounts…spend your time swiping right instead.

Bulk bank adjustments are now even better, the software will now automatically predict transactions to match sales.

Payroll
We’ve added a ‘Stop Payroll’ function which is applied at contractor level. This means that the contractor will not appear in the bulk payroll process so they do not need to be filtered out, reducing the risk of mistakes being made.

Manual Timesheets can now be saved as drafts and then can be edited multiple times before finalising.

We have introduced Hybrid Models which allows for the payment of self employed individuals who want to pay their tax throughout the year rather than at the year-end.

We have redesigned our Invoice and Search function to include contract names, assignment numbers and payroll status’. This allows you to see if payments are processed, pending or ‘not applicable’. We have also included a new search function which can be used to search all the fields.

News
We are now proud to announce we are a business partner with the FCSA, in case you missed this it was published to the FCSA website on the 19th December 2017, you can read the full article here:
http://www.fcsa.org.uk/fcsa-welcomes-digital-accounts-new-business-partner/

 

Here’s some of our favourite features you may have forgotten:
Operational Margin as fixed amounts or percentages
Quick preview of notes
SDC and IR35 assessments

After almost a year long hiatus from the blog we’re back!!

…and our first piece of exciting news is we have a brand new update (just in time for Halloween) to share with you…

 

  How do spiders communicate?

 Through the World Wide Web!  

Financial

  • The Banking Screen can now handle bulk allocating of transactions. Handy if you have lots of the same expenses each week!  (Bulk allocation of invoices and reimbursements etc. are coming soon!)
  • You can now search the bank transactions by date, description or amount.
  • In the General ledger you can now see a full description of the transaction, bank references, invoice numbers etc. and all the details pull through to the excel download report.
  • We have added the ability to allocate reciepts to all available accounting codes directly from the bank (including Directors Loan Accounts!).

 

 

Why are ghosts such terrible liars?

Because you can see right through them!!!

Payroll

  • Under payroll settings there is now the ability to show income statement elements for contractor as employee and ability to select/deselect the various elements of the pay depending on what you want to show on the payslip
  • Timesheet history/upload now have a quick view for invoice number and amounts and reimbursement number and amount.
  • New report which shows the reason for the exception when trying to run payroll
  • Ability to re-run payroll prior to verify stage to be able to amend any issues which arose in the initial run.
  • Assignments are now automatically closed at the same date that the contractor is made a leaver.

 

 

Why don’t angry witches ride their brooms?

They’re afraid of flying off the handle!!!

CRM

  • When organising your Businesses you will now only see the most recently worked on businesses. If you want to see a full list you can now quickly click on the Load all Businesses button.
  • When performing a searching in the Businesses section it will now bring the whole business structure through including the Branches and Business Contacts.
  • In the Add People screen fewer fields are mandatory for you to be able to save the record. The system will however prevent you from creating their record without all the necessary information in the payroll screen so your payroll team don’t get half the information passed through!
  • Notes are now colour coded by their due date, Red for overdue, Green for today and Black for future tasks.

 

Were all constantly adding new features to our system and would love to hear what new features are most important to you.

Please leave a comment in the box below thanks

Team MDA

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