Tag: Accounting

  • Source of Funds Check API: UK Pricing Guide & Implementation Roadmap [2025]

    Source of Funds Check API: UK Pricing Guide & Implementation Roadmap [2025]

    Get Instant Bank Data with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now In 2024, the Financial Conduct Authority (FCA) issued over £176 million in fines, much of it tied to inadequate anti-money laundering (AML) controls. Starling Bank alone faced a penalty of £29 million for weaknesses in…

  • A Guide to Affordable Payroll Automation Without the Complexity for Mid Size Businesses [2025]

    A Guide to Affordable Payroll Automation Without the Complexity for Mid Size Businesses [2025]

    Pay Instantly with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Managing payroll in a mid-sized business goes beyond sending out salaries. It involves coordination across departments, accurate calculations, timely submissions, and compliance with tax requirements, all under pressure to keep costs down. That’s where affordable payroll automation…

  • Identity Verification for UK Contractors: Avoid Payment Delays and Compliance Risks

    Identity Verification for UK Contractors: Avoid Payment Delays and Compliance Risks

    Get Verified with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now If you’re in charge of paying contractors, you already know how often identity verification slows things down. The payment is ready, but the contractor hasn’t submitted the right details.. The payment is ready, but the contractor hasn’t…

  • Batch Payment Processing for Accounting Software Users: A 2025 Guide

    Batch Payment Processing for Accounting Software Users: A 2025 Guide

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now You’ve done the work. Invoices are approved, and suppliers are waiting. Your accounting system can generate the payment list, but now comes the part no one talks about: getting those payments actually out the door. This is…

  • Stop Matching Invoices Manually: Automate Payment Reconciliation with Finexer

    Stop Matching Invoices Manually: Automate Payment Reconciliation with Finexer

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now When One Payment Covers Ten Invoices, Your Team Pays the Price It sounds simple: your client sends you a lump-sum payment for several outstanding invoices. But when that money hits your account, it’s anyone’s guess which invoices…

  • Open Banking Compliance for UK Accountants: A Practical FCA Guide

    Open Banking Compliance for UK Accountants: A Practical FCA Guide

    Compliant & Secure Open Banking with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Open banking compliance is becoming essential for accountants in the UK. As more firms adopt tools that connect directly to client bank accounts, understanding the regulatory side of real-time data access is no longer…

  • Payroll Processing Timeline: How to Handle Late Submissions Without Missing Payday

    Payroll Processing Timeline: How to Handle Late Submissions Without Missing Payday

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Even with the best systems in place, payroll doesn’t always run on schedule. A late timesheet approval, a bonus added at the last minute, or a banking holiday can all push your payroll submission dangerously close to…

  • How to Automate Matching and Minimise Suspense Accounts in 2025

    How to Automate Matching and Minimise Suspense Accounts in 2025

    Get Real-Time Bank Data with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Suspense account reduction is one of the most overlooked opportunities for improving financial accuracy and closing books faster. For many accounting teams, suspense entries grow month after month due to delays in data availability and…

  • Preventing Duplicate Invoices in Accounts Payable Workflows [2025]

    Preventing Duplicate Invoices in Accounts Payable Workflows [2025]

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Duplicate invoices are a silent threat in accounts payable workflows. Whether caused by manual entry errors, inconsistent vendor records, or multiple invoice submission channels, even a single duplicate can lead to unnecessary payments, wasted time, and strained…

  • Guide to Real-time AR Ageing Buckets Without Spreadsheets

    Guide to Real-time AR Ageing Buckets Without Spreadsheets

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Tracking overdue invoices shouldn’t feel like a monthly chore, but for many finance teams, that’s still the reality. If your team relies on spreadsheets to monitor accounts receivable ageing, you already know how much time it takes…

  • Open Banking Payroll in 2025: A Practical Guide for UK Finance Teams

    Open Banking Payroll in 2025: A Practical Guide for UK Finance Teams

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Payroll shouldn’t be this frustrating. Every month, finance teams spend hours jumping between their accounting software and online banking portals just to get employees paid. You export a file, double-check the numbers, upload it to the bank,…

  • Cash Flow Automation: Replace Manual Spreadsheet Work with Real-Time Financial Data

    Cash Flow Automation: Replace Manual Spreadsheet Work with Real-Time Financial Data

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Cash flow automation is changing the way finance teams approach forecasting. While Excel has long been the default tool for managing company finances, it quickly falls short when real-time accuracy and responsiveness are needed. Teams often spend…

  • Create an Enforceable Late Fee Policy That Actually Works

    Create an Enforceable Late Fee Policy That Actually Works

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Getting paid on time is not just ideal, it’s essential for maintaining healthy cash flow. Yet, late payments remain a persistent challenge for UK finance teams. In most cases, the issue isn’t the invoice itself, but the…

  • Cash Flow Monitoring: How to Build Real-Time Alerts Into Your Ledger

    Cash Flow Monitoring: How to Build Real-Time Alerts Into Your Ledger

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Most businesses today already use accounting software like Xero, QuickBooks, or NetSuite. These tools are great for tracking revenue, expenses, and generating reports. But when it comes to cash flow monitoring, there’s a major gap in timing.…

  • Enterprise Payment Terms in 2025: What Finance Teams Need to Know

    Enterprise Payment Terms in 2025: What Finance Teams Need to Know

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now When dealing with large corporate buyers, delayed payments often become part of the reality. While the invoice may state Net-30 or Net-60, the actual payment can take much longer, sometimes 90 or even 120 days. For finance…

  • Guide to Real time Cash visibility: From Accrual to Actual Cash

    Guide to Real time Cash visibility: From Accrual to Actual Cash

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now For many finance teams, forecasting today’s cash position still feels like trying to hit a moving target. While ERP systems and spreadsheets are reliable for compliance and reporting, they weren’t built to offer Real time Cash visibility.…

  • 7 Accounting Challenges You Can Solve with Real-Time Bank Feeds

    7 Accounting Challenges You Can Solve with Real-Time Bank Feeds

    Get Instant Bank Data with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now When accounting workflows stall, it’s often because of broken or outdated bank feeds, not the software. Firms spend hours chasing client statements, correcting manual entries, or waiting for CSVs to arrive. Even the best platforms…

  • Guide to Bank Statement Automation for Accountants

    Guide to Bank Statement Automation for Accountants

    Get real-time bank data with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now For many UK accounting firms, bank statement processing still involves a time-consuming routine. Whether it’s downloading statements from multiple bank portals, converting files into CSV format, or importing data into accounting software, these steps eat…

  • How 3 UK Firms Automate Bank Reconciliation: Results Inside

    How 3 UK Firms Automate Bank Reconciliation: Results Inside

    Get Instant Bank Data with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now For many UK accounting firms, Bank reconciliation is still filled with repetitive, manual tasks. Accountants spend hours downloading bank statements, converting them into CSV files, uploading them to accounting software, and then manually matching transactions.…

  • Save Hours Each Month: Reduce Month-End Closing Time for UK Accounting Firms

    Save Hours Each Month: Reduce Month-End Closing Time for UK Accounting Firms

    Get Instant Bank Data with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Reducing month-end closing time has become a priority for many UK accounting firms. Whether you’re managing one client or fifty, delays caused by manual data entry, disconnected bank feeds, and late statements continue to slow…

  • The Accountant’s Guide to Open Banking Integrations for Multi-Entity Clients

    The Accountant’s Guide to Open Banking Integrations for Multi-Entity Clients

    Get Instant Bank Data with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Handling accounts for a single business is challenging. But when your client manages multiple entities such as subsidiaries, branches, or franchises, the complexity increases quickly. Each entity often has its own bank account, ledger, and…

  • The Hidden Cost of Spreadsheet-Based Workflows in Accounting Firms

    The Hidden Cost of Spreadsheet-Based Workflows in Accounting Firms

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Spreadsheets have long been part of day-to-day life in accounting firms. They’re familiar, flexible, and easy to set up for a variety of tasks from tracking deadlines to managing client records. But just because something is widely…

  • MTD for Landlords: Complete Preparation Checklist for 2025

    MTD for Landlords: Complete Preparation Checklist for 2025

    Get MTD Ready with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now If you’re a landlord earning over £50,000 in rental income, Making Tax Digital for landlords is going to change how you manage and report your finances. From April 2026, you’ll need to keep digital records and…

  • HMRC MTD Compliance Checks: What Triggers an Investigation and How to Prepare

    HMRC MTD Compliance Checks: What Triggers an Investigation and How to Prepare

    Get MTD Ready with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now As HMRC continues to expand the Making Tax Digital for VAT initiative, a growing number of VAT registered businesses and accountants are facing stricter MTD compliance expectations. But what many don’t realise is that filing your…

  • MTD Self Assessment Tools: True Costs & Savings Explained

    MTD Self Assessment Tools: True Costs & Savings Explained

    Get MTD Ready with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now The April 2026 rollout of Making Tax Digital Self Assessment (MTD ITSA) means accounting firms need to adopt digital tools that fit their workflows and client profiles. But not all tools are priced equally, and not…

  • When Is an MTD Exemption Allowed? Rules, Process & Examples

    When Is an MTD Exemption Allowed? Rules, Process & Examples

    Get MTD Ready with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now While Making Tax Digital (MTD) is now mandatory for most VAT-registered businesses in the UK, not every business or individual has to comply. HMRC recognises that for some, keeping digital records or submitting VAT returns through…

  • MTD record keeping: What Counts as Compliant and What Doesn’t

    MTD record keeping: What Counts as Compliant and What Doesn’t

    Easy Record Keeping with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now If you’re VAT-registered and filing returns in the UK, MTD record keeping isn’t just an admin task; it’s a legal requirement. Under Making Tax Digital (MTD) rules, HMRC expects businesses and agents to store VAT data…

  • What is Making Tax Digital? Guide for UK Business Owners

    What is Making Tax Digital? Guide for UK Business Owners

    Get Instant Bank Data with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now Are you struggling with Making Tax Digital requirements that seem complex and overwhelming? You’re certainly not alone. HMRC reports that 40% of UK businesses still find MTD compliance challenging, despite the initiative being introduced back…

  • Guide to 7 Best MTD Compliant Software for Different Client Types

    Guide to 7 Best MTD Compliant Software for Different Client Types

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now If you’re running a UK business that handles VAT returns or tax filings, you’re now facing a crucial deadline. By January 2025, every VAT-registered business must use MTD compliant software, making digital tax management no longer optional…

  • How to Create a Strong Xero Alternative for UK Accounting Firms

    How to Create a Strong Xero Alternative for UK Accounting Firms

    Get Paid with Finexer Connect with 99% of UK Banks and Scale Your Business without Limits Try Now In 2025, Xero remains one of the leading accounting software providers for small and medium-sized businesses in the UK. Its growth has been supported by a combination of accounting features, real-time reporting tools, and a wide network…