In the UK, companies choose their own year end. Companies in UK report to two entities – HMRC and Companies House. These entities are separate and the year end with one need not be the same as that with the other. This makes tracking all compliance deadlines challenging, not just for companies, but more so for accountants who manage hundreds of such companies.
The HMRC year end is agreed between the company and HMRC. The deadlines are: Nine months and one day for the tax payments and 12 months for the accounts. Continue reading
It’s time for logos and profile pics! We’re happy to release several personalization and white-labeling options today. From something as simple as putting up your profile picture, to customizing your Invoice to reflect your brand, to improving brand recall during online client collaboration.
The look of your Invoices is now far more controllable with options to customize the layout, colors and the ability to put your logo on them! Another heavily requested ability – is that to put your own logo on the login screen, especially to ensure when you grant your clients access to their portal, they land on a screen that reflects your brand, one that they know.
Tracking your effort investment on a task is vital to be able to bill appropriately. Even if you bill on fixed fee basis, tracking your effort invested tells you whether you under or over charged your customers. It’s the most basic cost benefit analysis that should be considered when fixing future rates. Tracking this effort in the form of time and expense tracking related to tasks, has been a part of Firmzen for a while now.
In our professional lives, time and money is not always spent on a client facing task, is it? Continue reading
Firmzen is a unique tool for accountancy practices that is light years ahead of its competition in terms of usability, job scheduling and customer support. It can be fully customised to work within almost any regulatory regime and has transformed the way that we monitor deadlines and manage our workload internally.
We chose Firmzen because it does exactly what we need it to do in a simple, effective and scalable manner. We have been very impressed with the ambitions of Sameet and his team and the excellent level of support that we have received. We’re looking forward to working together and being involved in the future development of the product.
Barnes & Scott, Chartered Accountants. London.
A fiscal year is basically a one year period used for calculating financial statements related to an organization. It is used as a reference period to adjudge an organization’s recent financial performance. A fiscal year need not coincide with a calendar year. In some countries, the fiscal year is from April 1 to March 31 next year. In others it is 1 July to June 30 next year and in some, it is actually consistent with the calendar year – 1 January to 31 December.
The twisted bit is – in several parts of the world, businesses are allowed to select their own fiscal year! Continue reading
Some feel it’s frivolous to celebrate certain relations or professions on certain days – Mother’s day, Father’s day, Friendship day, the ever so popular Valentine’s day… and then those for professionals such as Doctors day, Chartered Accountants day – both of which incidentally fall on the same day for Indian professionals – July 1.
We say why not. To a large extent, life gets busier as it progresses. So what’s the harm in these little reminders of celebration. Continue reading
Paperless office isn’t a concept anymore. Soft copies have numerous advantages over physical files and folders, and we won’t repeat those here. In this day and age, the benefits of storing documents electronically for professional services firms are far too many and far too obvious. Moreover, there’s institutional acceptance also now. Generally speaking, you are legally permitted to store important business documents in the electronic form – although you should verify this for your geography and jurisdiction.
It’s now a question of how should you implement your electronic document management strategy, not whether you should do it. Continue reading
Till today, Firmzen offered “technology” value only, so to say. Today, we’re proud to add “content” value to the offering also.
We’re happy to introduce the Services Library – a crowdsourced list of services offered by Professional Services firms all across the globe. Professionals such as accountants, company secretaries etc. that are using Firmzen, all over the world have contributed to this library, and we’ re eternally grateful to our customer community.
We’re a small, young and committed team, solving the ERP problem for the professional services industry. Whenever a lead becomes a client, we effectively have a new addition to our team. We receive amazing inputs that gives us much needed guidance and tremendous encouragement that keeps our morale high!
For all our clients and friends, we’re just a phone call away. Beyond that still, we’re happy to release other ways on our platform that can help you communicate with us and that can help you solve a problem you face while using Firmzen – often yourself. We’re happy to release the Help Center, comprised of the following: Continue reading
We love Workflowy - a to-do list creator that offers unlimited amount of nesting. It basically allows you to create to-dos or tasks to track, then split them into sub-tasks, then split each of those into sub-tasks, creating sub-sub-tasks and so on. You can create as many subs as you want. And it’s great! At least for some individuals, it really is.
It’s always good when technology isn’t limiting. When an app doesn’t enforce too many constraints and allows you to use it the way you want, or the way you expect it to work, it really sticks. It is liked, used, re-used. Continue reading