Category Accounting

Is your business ready for the HMRC Record Checks?

The HMRC is currently rolling out a new programme aiming to review the accuracy of financial recordkeeping of businesses all across the UK. If you have neglected your business records then it is possible that you could be liable for a large fine.

To help businesses avoid any potential penalties and also improve the standard of general financial management and cashflow in the SME sector, the International Association of Bookkeepers (IAB) in conjunction with Lloyds TSB are offering a FREE seminar tomorrow in London.

The following speakers will lead the discussion:
· Richard Hainsworth, Abbey Tax – will discuss the Business Records Checks which were piloted earlier this year in eight key areas, and involve checks on the adequacy of small and medium-sized enterprises business records.
· Janet Jack FIAB MIAAP – will describe the benefits of good record keeping
· Ian Irwin FIAB – will discuss the merits of good financial management and improving cashflow.

Anyone wishing to attend the inaugral seminar on Thursday 13th October 2011, 4.30 – 6.30pm, at the Halifax Building, 33 Old Broad Street, London, EC2N 1HZ should email maryannec@iab.org.uk or telephone 01732 897754 to register.  This is a free event but places are strictly limited and by invitation only.

Why Your Accountant Should Be Online!

winweb-onffice-online.jpg I don’t know if you have noticed, but business is getting faster and faster. Since the advent of the Internet and especially since the introduction of Web 2.0 technologies business processes have shifted a few gears up.

These facts in itself should really be reason enough to demand that your advisors are online, because business is fast so the advice should be fast too. Let me be clear about one point her, fast does not mean cheap or useless, it means fast and high quality. That is exactly where it gets interesting.

In order for the advice, in this case the financial advice, to be of high quality your accountant needs access to your company data in real time at anytime. The only way that is going to happen is by using online technology.

So, if you are still on ‘boxed’ software make sure you change it, as you are loosing competitiveness, you need to put your office online. But far more importantly, if your accountant is still on ‘boxed’ software – fire him or her. You may not only lose your competitiveness, you may actually lose your whole business, especially during times like these, because many of your competitors are using this kind of technology now and will get ahead of you because of it.

Make sure you get your advice whenever you need it, not tomorrow or next week, no NOW!

Intuit.com uses WinWeb.com small business webexperts?

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One of our customers contacted us last week asking if it was true that intuit.com was using our small business web experts. I was perplexed at the question, as it turns out WinWeb.com, intuit and many other websites obviously use the same photo library for stock photos, as we are using the same photo on our home page.

What makes this situation a little more delicate is the fact that we both work in the same market segment, we also provide software for small and home business. intuit also provide accounting, invoicing, planning software for business start-ups and existing micro businesses. I like that they offer web-hosting and other services too. At last someone really competing with us.

Mind you intuit still have a way to go, no integrated businesses services and a still somewhat limited offering, but then you knew I was going to say that.

If you are an intuit user have a look at our offering, try our OnlineOffice and business services for FREE. – ST.

WinWeb OnlineOffice – Most costeffective way to start a home business.

WinWeb is offering a Best Price Guarantee for it’s OnlineOffice product, currently in version five.

Including modules for accounting software, 10GB of online data storage, web hosting including a web builder application, invoicing software, online shop, online payment, over 100 free business ideas inside the home & small business academy, an online calendar and address book, email accounts and a complete business business planning module to get you started.

All of these modules are available for only £11.90 /month plus VAT – this represents a saving of over 75% on IT cost per year.

Best of all WinWeb OnlineOffice comes with 24/7 live support free of charge. Unlike other software vendors WinWeb believes that customer support even after hours is essential for home business and small office owners.

WinWeb’s Assistant and business services complement the WinWeb offering, by allowing for business process outsourcing even for the smallest of businesses. These services include bookkeeping, call handling, mail hold and forwarding to name but a few.

In these times of the economic downturn, it is even more essential that business owners concentrate on their business and not on running their IT infrastructure. Conventional IT, SQL Servers and even popular office products are often overly complicated and over engineered.

WinWeb’s OnlineOffice is THE small office and home business IT infrastructure to beat, in price and in functionality. –ST.

Home Office and Small Business Save Over 75% On Essential IT Spend.

low-price-guarantee.jpg We all understand how online software can bring about a massive saving in IT spend. Using this technology, currently labelled ‘cloud computing’, has other benefits for small business too. Some solutions maximize savings by tailoring their offering to a special market. You can spend £15 /month on accounting software alone or get much much more for 20 % less spend – the savings are out there you just need to look.

You can get a usable online accounting software product for approximately £15 /month or $22 /month – that gives you accounting software only, no money to be earned with that, only cost for red-tape’s sake. With WinWeb’s OnlineOffice you get:

  1. Accounting Software – full tri-ledger version or cash book for the non-bookkeepers or accountants, so you really get two accounting software programs, btw the first fully accredited online accounting software in the UK;
  2. Web Hosting – including web-builder to design your own website, online shop, domain name hosting and blog software – to really put your business on the web and on the map;
  3. Online Data Storage & Backup – 10GB of online disk space for your business, fully backed up 24/7 and you can share your data on the web;
  4. Business Planning – Cash-flow planning, SWOT analysis, and more to help you plan your success before you even start your business, the ideal tool to work out if your business idea can work;
  5. 24/7 Live Support – to help you when you get stuck, during business hours and after business hours;

There is much much more – but the point is that for each of these above features, you are likely to pay more individually, than for all of the above together at £11.90 or $19.95 per month. WinWeb has launched today it’s ‘Low Price Guarantee‘, enabling home office & small business owners to save over 75 % on essential online and offline IT spending – in these times most welcome to most micro business owners. WinWeb can offer these prices because it focuses on 1 to 10 person micro businesses, run from home or a small office, only. To find out more just visit their website at http://www.winweb.com

I’m sure similar examples exist in other areas, you just need to have a look. An added benefit is that everything is integrated for you, no double keying in of information – it just works. If you are not a computer geek and/or you want to concentrate on your business, this will help you to focus on your business objectives and not to get bogged down with distracting IT tasks – making you and your business more productive.

This is a massive saving, it equates in the UK to about £680 saving per year and $1,100 per year in the US. — ST.

OnlineOffice 5 launched.

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I can not believe that I have forgotten to tell you that we launched OnlineOffice 5 last week – thank you Ashley for kicking my proverbial bu**!

So here goes, we have launched our latest version of OnlineOffice 5 last week with over 100 new features and most importantly over one hundred new business ideas. You can find those in the brand new Academy section, which is our new on-demand business development and business ideas section. With these Business Ideas we just made a start, more is to come.

We have further improved the integration of our Virtual Assistants, which we call OnlineOffice Assistants. As most of you know they a the good fairies who actually do all the work for you our clients should you choose to outsource some of your work. It is even more necessary in these times of the credit crunch.

If you are a VA and have still some space for same more work let us know, go to our website, www.winweb.com and then navigate to Partnering/Assistant. Follow the link from there if you are interested.

Since WinWeb will be 15 years old next year, we thought we start a competition on December 1st, where you can win £10,000 or $20,000 as a first prize. All you will have to do is to tell us what you would do with this money for your business. Maybe start a business? Maybe buy a new computer? Rent a bigger office, after considering the fixed cost trap of cause? You tell us, that’s it. Hopefully you will win the main or one of the many other prizes.

Anyway, I will write about all this more in the days and weeks to come.

I can not believe I forgot to ……..! What is the matter with me?! — ST.

Onlineoffice Version 5 Upgrade

The planned upgrade to OnlineOffice is scheduled for implementation on 30th September 2008 at 17:00 BST.

To apply the upgrade it will be necessary to interrupt the WinWeb service for approximately 4 hours. During this time we shall migrate OnlineOffice and perform the upgrade to Version 5.

Should any users have any queries do not hesitate to e-mail support.uk@winweb.net and we shall respond as soon as possible.

Thank you for your patience and enjoy OnlineOffice Version5.

Best regards

WinWeb Customer Care

WinWeb's Free Online Accounting Software Now With Cost Centre Functionality.

WinWeb has just updated their OnlineOffice accounting module, to include cost centre functionality. This development was by popular demand, as a number of customers requested this functionality. OnlineOffice is aimed at the small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer- or Personal business, like professional, contractors, freelancer, self-employed, sole-trader and virtual assistants client.

This allows you to “tag” expenses to products, departments, services or projects – giving you the opportunity to analyze the true cost of a department or any project. This will enable you to see exactly where your money is going and you can evaluate if your projects or products make you any money.

This functionality is free of charge along with the 24/7 live support for all of WinWeb’s software products – another reason to sign up to LiveNet of OnlineOffice for the free 30 days trail, if you do not like or need the full OnlineOffice functionality, you can use the accounting module, including the cost centre functionality, free of charge forever.

This will give you financial information to make even better decisions. ST.

WinWeb Sponsors Accountancy Age Award 2007 For Second Year.

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WinWeb is to sponsor the Accountancy Age Award 2007 in the category: Best use of Internet in Practice for the second year. The event is held as last year at the Battersea Park Arena, Battersea, London, in the evening on November 14th, 2007.

This award is the most appropriate award for us to sponsor, since – incredibly – we are still the only online accounting software provider, with an ICAEW approval. It is two years since we first received our accreditation. It is surprising to me that not more accreditations have been made so far, the world is moving online. In accountancy the world is probably turning a bit slower, that makes these awards even more important.

Last year our friends at Goodman-Jones won the price, it will be interesting to see who will win it this year, especially as Goodman Jones is shortlisted again:

  • BRAL
  • Goodman Jones
  • Morris Owen

I wish all the shortlisted candidates good luck and thank those who are not on the list for their great attempts to win the award and hope they will try again next year.

Yours truly will be presenting the award and I look forward to meeting one or two of you at the event. Should be a great night. ST.

WinWeb's Free Accounting Software For Every Small Business.

With our recent launch of OnlineOffice 4, we have kept our promise to supply our online accounting software to every small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer- or Personal business, like professional, contractors, freelancer, self-employed, sole-trader and virtual assistants free of charge forever.

But not only that – lets face it, if you want free accounting software, you could try the open source arena or other suppliers, even Intuit offers a watered down version of their accounting software free of charge – but a whole raft of other benefits can be gained by using our award winning product:

  • Free 24/7 live online support – so when you work after 5 pm, we are still here to help and you do not have to pay for it;
  • All future software updates are free of charge as well, so you will never have to pay for new or updated accounting software;
  • Data backup and security included – while we all know nothing is ever absolutely safe, we back all your data up continuously and our investment in security would be unobtainable for small businesses, because of cost and complexity;
  • All the benefits of online software (SaaS) – means you can access your accounting, write invoices and plan your business from anywhere at anytime.
  • Online technology is eco-friendly – no shipping, no packaging, no manuals (help text in software) and our ClimateByte Technology.

All you have to do, is sign up for our free 30 day trail of OnlineOffice, or our free LiveNet and you will have free accounting for your small business, forever.

Let’s face it, nobody makes any money doing their bookkeeping. At least with WinWeb you don’t have to spend any money, not to make any money. ST.

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