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DIY Direct Debit vs an online provider: a visual guide for membership organisations

Have you ever stopped to think about all the processes that go into your existing DIY Direct Debit solution? How many hours of admin are needed every week to carry out and reconcile all your payments? What happens when a payment is missed by a member? And how often do you have a member on the phone complaining about a problem with their payment?

The infographic below looks at 7 of the most important aspects of your payment processing and how a DIY solution matches up to an online provider.

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Still not ready to switch?
See the hidden dangers of DIY payments
in Business

5 ways to increase automation and efficiency with technology

A quarter of UK accounting firms identified increasing their use of technology and automation as a key priority for the year ahead, in our recent Accounting Benchmarking Survey. And this drive for improved efficiency through technology underpins many of the key themes we’ve seen coming out of this year’s Accountex conference.

In this blog, we outline 5 key ways your firm can increase the use of automation and improve efficiency through greater adoption of online technology.

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in Business

The rise of the 'Stuck-at-Home' SME

For most people, the August bank holiday is something to look forward to, and prime time for a summer getaway. However, according to our recent survey, this isn’t the case for many SME owners, as 57% admitted to dropping their summer holiday plans, or spending the time they are away chasing late payments.

Nearly two thirds of our 250 respondents agreed that summer is the worst time for collecting payments, with more invoices being paid late during the summer than at any other time of the year.

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A practical blueprint for fast payment
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in Business

How to recover an unpaid invoice: Advice from Sage

Chasing late payments takes time, money and resource from your business.

There are steps you can take to make sure you get paid on time, like automating payments with Direct Debit.

But if you aren’t yet using Direct Debit to take your payments, or if you have experienced clients failing to pay due to lack of funds, you might need to take action and approach those awkward conversations.

So, thanks to Sage for putting together this practical guide and timeline for recovering invoices.

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5 practical steps for fast payment
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in Business

5 proven ways to win more clients for your accounting firm

Acquiring more clients is a top priority for 41% of the accounting firms that took part in our recent Accountants Benchmarking Survey.

But what are the best ways to do that in an increasingly competitive market?

See below for 5 tried and trusted methods for making your firm more attractive in the marketplace and bringing in the new clients you need.

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How does your firm measure up against competition?
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in Business

Cloud adoption: Single platform or multiple accounting software?

When it comes to offering an effective cloud accounting service, there’s a choice to be made.

Should your firm have:

  1. A single cloud accounting platform that’s mandatory for all clients.
  2. Multiple accounting software packages that offer clients a choice of platform.

We’ve spoken to some leading UK accountants to understand the pros and cons of each option, and the things that might influence your firm’s decision.

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How are other firms approaching cloud adoption?
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in Business

The results are out: Accountants Benchmarking Survey Report 2018

This is a guest post from Tom Herbert, Editor of AccountingWeb

At a time of great economic, legislative and technological change, more businesses than ever are looking to their accountants to provide help and advice. But how are the accountants coping?

The GoCardless survey provides us with some fascinating insights into the minds of accountants around the country, and the results offer a thought-provoking snapshot of the current state of the profession.

  • 84% have met their clients face to face
  • 53% of their clients use cloud accounting software
  • 43% of client fees are collected through customer bank transfers
  • 14% make it mandatory for their clients to use their preferred accounting software

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How does your firm measure up?
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