Nomi: Accounting Software for Accountants & Bookkeepers

A quarterly business review (QBR) helps accountants and clients review financial performance, assess business goals and plan the next three months. It gives both parties an opportunity to discuss cash flow, profitability, budgets, tax obligations and potential risks before they become bigger problems.

For accounting practices, a structured QBR also creates opportunitie...

Month-end close can take days when finance teams have to chase invoices, enter transactions, reconcile accounts and check reports manually. For UK SMEs, a structured month-end close checklist can make this process more organised and reduce errors.

Automation can take this a step further by handling repetitive accounting tasks such as bank reconciliation, transaction ma...

To apply for VAT exemption in the UK, your business must meet HMRC’s conditions and provide the required information. 

Businesses that make mainly zero-rated supplies may qualify for an exception from VAT registration. This can mean you do not need to register for VAT even if your taxable turnover reaches the registration threshold. 

However, VAT exemption and a...

As an accounting practice grows, managing the work around accounting can become as challenging as the accounting itself.

Client information, deadlines, staff workload, reviews, additional work and recurring jobs all need to stay under control. Spreadsheets and separate task lists may work for a small practice, but they become harder to manage as the client base grows.<...

Anti-money laundering (AML) checks are an important part of running an accounting practice in the UK. Accountancy service providers covered by the Money Laundering Regulations have responsibilities that include customer due diligence, record-keeping, and reporting suspicious activity.

For an accounting practice managing dozens or hundreds of clients, completing these c...