Intuit QuickBooks Small Business Index, December 2024
GROWING YOUR BUSINESS
End-to-end solution: Get ready to grow, drive efficiencies and scale your firm
UK accounting and bookkeeping firms face a critical challenge: how to grow and adapt while maintaining efficiency. As regulatory demands increase, economic pressures on businesses rise, and client needs evolve, the right end-to-end solution can make all the difference.
According to insights from the 2024 Intuit QuickBooks Accountant Technology Survey, accountants and bookkeepers are doubling down on their investment in technology and planning to increase spend by 50% over the next 12 months. A further 81% respondents agree that accounting firms making more use of technology are more likely to survive periods of high inflation and interest rates.
This is why QuickBooks' end-to-end solution is the essential technology suite for UK accounting firms. With an AI-first platform technology and a commitment to innovation, QuickBooks streamlines operations, reduces costs, and can unlock growth opportunities. Beyond technology, QuickBooks offers industry-leading support services, helping firms maximise their opportunities for success.
Growth: Expanding your firm with QuickBooks
Whether your ambition is to acquire more clients, increase revenue or deliver deeper, more valuable services, QuickBooks is with you every step of the way. From FMS-agnostic practice management to payroll, QuickBooks' solutions can help you to grow your practice efficiently and effectively.
QuickBooks supports firms of all sizes, including the UK’s 3.1 million sole traders, with the introduction of QuickBooks Sole Trader. Designed for one-person businesses, including both unincorporated sole traders and limited companies with a single director earning under £90,000, it automates expense tracking, tax estimates, and MTD for Income Tax compliance preparation. Accountants benefit from direct data access, enhancing collaboration and accuracy.
Winning clients with multiple employees who needed payroll used to be a manual challenge. Now with our suite of payroll solutions—from Core to Advanced or Bureau Payroll—you can streamline payroll for all your clients and reduce costs through operational efficiency and fixed pricing.
Core Payroll: The perfect solution for director-only businesses or small employers who need speed, simplicity and to do it themselves. Built-in automatic updates help you be in line with HMRC’s requirements.
Advanced Payroll: When your clients grow, their payroll needs will become more complex. Our handy HR features include timesheets that can be accessed through an employee portal and mobile app. The power of automatic payruns and pension auto-enrollment saves time and makes managing payroll a breeze.
Bureau Payroll: For accountants looking to offer payroll services for diverse clients across multiple software platforms. With supercharged workflows, automations, and real-time submissions—all under one unified dashboard.
This flexible journey from Core to Bureau Payroll makes QuickBooks an ideal choice for firms at every growth stage, offering the tools you need to scale.
With Practice Manager, firms can streamline their practice management by consolidating client and admin tasks into one centralised platform. This ensures that no matter the size of your firm or client base, you can manage workflow, staff assignments and deadlines efficiently.
Pro Tax can speed up corporation tax by making it easier to map accounts to tax categories, with integrations and automation that can reduce manual entry. This allows accountants to free up time to focus on higher-value tasks, ensuring compliance and efficiency throughout the year.
Scalability: One platform to suit your needs
A key part of scaling is finding the right tech solution that better supports firms' goals and growth trajectories. QuickBooks offers a fully integrated single E2E platform to help you serve your clients' as they grow and become more complex. QuickBooks’ tailored plans are designed to scale with your practice and meet your client's needs.
From QuickBooks Simple Start to Advanced, our easy to use, reliable accounting solutions are trusted by over 6.5 million subscribers worldwide. With automated bank feeds, invoicing, reporting, integrated payments and award winning support all included as standard, our QuickBooks Online plans come with no hidden fees or charges.
Custom reporting: As firms grow, you handle more clients and larger datasets. Custom reporting allows you to generate detailed, tailored reports that offer deep insights into client performance. You can also set up custom reports to automatically send to key stakeholders on a regular schedule that you define.
Reconciliation: The ability to manage reconciliations, easily undo errors, and keep client accounts accurate reduces manual work and potential delays. This is critical as your firm scales and manages multiple clients, as it ensures that financial data is accurate and up to date, promoting confidence in handling larger volumes of transactions.
With Workpapers, firms can save time and manage year-end all in one place. You’ll be able to work collaboratively with colleagues and receive notifications of any changes to your clients’ books. Prepare annual accounts (FRS 105) that are ready to submit to Companies House and with integrations to Pro Tax, Corporation Tax ready to submit to HMRC.
As businesses grow, finding the right marketing platform becomes crucial to scaling efficiently. Suitable for businesses of all sizes, supporting growth, Mailchimp offers an all-in-one solution for automating email campaigns, segmenting audiences and integrating seamlessly with tools like QuickBooks.
Integration with platforms: Mailchimp integrates smoothly with QuickBooks and other platforms, streamlining marketing workflows
Audience segmentation: Advanced tools to segment audiences for more personalised communication
Email automation: Automate customer journeys and engage customers more effectively
Campaign performance tracking: Get analytics and reporting to optimise marketing strategies for better results
Real people, real support: The human touch underpinning our platform
Beyond powerful technology, QuickBooks offers the human support UK accounting firms need to succeed. QuickBooks provides industry-leading support for you and your clients. With free one-on-one onboarding for you and your clients, plus expert product help from real people seven days a week, we're here to support every step of your journey.
Account manager: With QuickBooks you can gain access to an account manager who understands your firm's unique needs.
Professional services team: Our team provides bespoke training and ensures a smooth transition to QuickBooks, especially for firms switching from other platforms.
Extensive training resources: A wealth of webinars and tutorials keeps your team up-to-date with the latest features, helping you maximise the platform's capabilities.
Ready to transform your firm?
Maximise the use of innovative technology to unlock the right opportunities at the right time.
For more information or to schedule a personalised demo, contact our UK team on 0808 168 9533 or sign up now.
QuickBooks provides businesses with the best way to keep track of their accounting with our simple and easy-to-use accounting software for sole traders, limited companies, and accountants. Discover our plans & pricing page to find out how you can save money on your yearly tax bill.
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