My Digital PSC is an accounting platform uniquely designed with the contractor in mind. Bespoke features to deal with self-billing invoices, flat rate VAT and bulk payroll are examples of a software tailored to the sector. With director portal access, the accountant and client can collaborate simultaneously on the company accounts to efficiently get them up to date. The ‘what I can draw’ report allows the accountant and director to easily see how much money is available to draw from the company whilst leaving enough money in the PSC for its liabilities.
The most comprehensive software suite powering Accounting Businesses
- Single platform to access umbrella payroll and PSC company accounts
- Bulk Payroll and VAT
- Integrated practice management tools for tax registrations and client interactions
- Director logins for accountant and client collaboration
- ‘What I can draw’ report for clear indication of a director’s withdrawable funds
- Mobile application for directors
Keep scrolling for a more detailed look at the modules that make up our PSC offering!
Onboarding
Take the time out of the onboarding process game. Put it into the converting leads game
Our new People-Hub puts the contractor at the center of the product
Add leads to the system with minimal information and in bulk
Third party integration with Signable and Adobe Sign – send contracts and starter packs with the click of a button. Returning information will be backfilled into the database without the need to rekey
The people dashboard allows you to see contractors with outstanding actions
Pay illustrations sent and stored against a worker record using the different models available in the payroll engine. Each contractor has a document repository for storing files and tags
No need to export the contractor data into a separate payroll or accountancy solution. Once a sign up is complete My Digital provides end-to-end solution covering bookkeeping and payroll
CRM
Focus on closing the deal, not the admin work
Follow the customer’s sales journey with a fully customisable multi-tiered customer management tool allowing you to follow who is at which stage of the sales pipeline.
Each customer record has a clear timeline of all notes and tasks.
Personalised dashboard shows the task list for the day, and calendar view shows a summary of the tasks for each day throughout the month.
Update records and leave future dated tasks for both yourself and other members of the organisation.
Simple traffic lights system will show the status of tasks and whether they are overdue.
Payroll
Drive your business with a Powerful Payroll Engine
Improve the flexibility of you business with a cloud based payroll platform. Simply log in through a browser and run your payroll from any machine connected to the internet, anywhere in the world. My Digital is HMRC recognised for PAYE – rest assured that the payroll run and FPS data sent to HMRC is accurate.
- Full auto-enrolment module, ensuring your pension duties are completed
- Integrated with HMRC – receive and apply any tax code and student loan changes through the software
- Employee Portal – employees can access their payslips and submit expenses online
Financials
Exporting financial data to third party accounting packages is a thing of the past
My Digital Financials is a full suite of accounting tools, completely integrated within our Umbrella and PSC payroll. All account postings are taken care of automatically, payroll data and accounting data are integrated as one, so that the true financial position of the company can be assessed at any moment in time.
Some of the most laborious tasks are automated to ensure that the bank reconciliation, credit control and net wages reconciliations are run with maximum efficiency.
Fully integrated accounting package:
- Integrated Making Tax Digital (MTD) compliant VAT returns
- Automated bank reconciliation
- Debtors management linked to the release of invoices to be processed for payroll
- Automated Net Wages Reconciliation to ensure contractors have been paid the correct amounts
- Monthly management accounts generated from the software without manual input
- Live financial position (P&L and Balance sheet) at any point in time
IR35
Flexible IR35 testing tool to provide a peace of mind
The latest IR35 reforms have generated lots of anxiety in the industry. At My Digital, we believe that as long as you have the right tools, ensuring compliance with IR35 legislation is nothing to be worried about. My Digital IR35 is a flexible tool that can be configured to the needs of Umbrella companies, Agencies or end clients.
- Choose your own questions, question weightings and outcomes to suit your IR35 assessment process
- Flexible configuration
- Job role and assignment level assessments
- Distribution of IR35 determinations up and down the supply chain
- Assessments stored digitally in the cloud within the contractor record
Portal
My Digital offer an employee portal suitable for all role types from PSC director to umbrella contractor to internally payrolled staff.
Contractors can use the portal to:
- Submit timesheets and expenses,
- View their payslips, P45 and P60
- Request new assignments
The privileges are customisable to each user so they only have access to what you want them to see.
My Digital also offers an agency portal, whereby agencies can log on and see the status of the contractors they have referred.
App
Keep your contractors in the loop
My Digital App brings the functionality of the contractor portal to our mobile app.
A user friendly interface allows contractors to submit and view their expense claims with a dashboard view of the tax year to date, view pay history and download their payslips, P60s and P45s.
- Easy to use, intuitive controls
- No cost to the contractor
- Suitable for both Android and Apple devices
Reporting
Integrated business intelligence toolset powered by Amazon Quicksight
My Digital Reporting is a service that empowers you to take any of your business data within My Digital and produce a variety of reports and data analytics.
- Uncover and pinpoint any strengths and weaknesses in your operations
- Build top quality reports
- Automated data sync guarantees instant access to the most up-to-date information about your business
- Aesthetically pleasing interface
- Highly customisable reporting to suit your business needs
- Secure data presentation for only the client to access
Interested to see more?
Schedule a demo with our representative
Any further questions?