Tag: accounting

Why Businesses Are Switching to Lease Accounting Tools

Lease accounting has undergone significant changes due to updated financial reporting standards such as IFRS 16 and FRS 102. These changes require businesses to recognize lease assets and liabilities on the balance sheet, increasing both complexity and compliance requirements. As a result, organizations are moving away from manual processes and adopting specialized tools to manage lease data more effectively.

This shift is driven by the need for accuracy, scalability, and regulatory compliance.

Increasing Complexity in Lease Accounting Standards

Modern accounting standards require detailed tracking of lease agreements, including payment schedules, discount rates, and lease modifications. Businesses must calculate present values and maintain ongoing adjustments throughout the lease lifecycle.

Manual spreadsheets are not designed to handle this level of complexity. Errors in calculations or missed updates can lead to material misstatements in financial reports.

Specialized systems simplify these requirements by automating calculations and maintaining structured lease data. This reduces reliance on manual processes and improves consistency across reporting periods.

Improved Accuracy and Reduction of Errors

Accuracy is critical in financial reporting, particularly when dealing with long-term lease obligations. Even small calculation errors can accumulate over time, affecting financial statements and compliance.

Lease accounting tools reduce errors by:

  • Automating present value calculations and amortization schedules
  • Standardizing data inputs across all lease agreements
  • Minimizing manual intervention in repetitive tasks

Automation ensures that calculations are consistent and aligned with accounting standards. This significantly reduces the risk of reporting discrepancies.

Centralized Lease Data Management

Businesses often manage multiple leases across different locations, departments, or entities. Without a centralized system, lease data becomes fragmented and difficult to track.

Centralized platforms such as lease accounting software consolidate all lease information into a single system. This allows finance teams to access, update, and monitor lease data in real time.

Centralization improves:

  • Visibility into total lease obligations
  • Consistency in data across departments
  • Efficiency in reporting and analysis

A unified system eliminates duplication and reduces administrative overhead.

Compliance with Regulatory Requirements

Regulatory frameworks require businesses to maintain accurate and transparent lease records. This includes detailed disclosures and audit-ready documentation.

Lease accounting tools are designed to align with these requirements. They generate reports that meet compliance standards and provide audit trails for all transactions.

Key compliance benefits include:

  • Automated generation of disclosure reports
  • Consistent application of accounting policies
  • Traceability of changes and adjustments

Using dedicated tools reduces the risk of non-compliance and simplifies audit processes.

Efficiency in Financial Close Processes

The financial close process becomes significantly more efficient when lease data is automated. Manual reconciliation and journal entries are replaced by system-generated outputs.

This reduces the time required to finalize reports and allows finance teams to focus on analysis rather than data processing. Faster close cycles improve overall financial responsiveness.

Handling Lease Modifications and Reassessments

Lease agreements frequently change due to renegotiations, extensions, or early terminations. Each modification requires recalculation of lease values and updates to financial records.

Automated systems handle these adjustments systematically, ensuring that all changes are reflected accurately without disrupting existing data structures. This improves reliability and reduces manual workload.

Integration with Broader Financial Systems

Lease accounting tools integrate with general ledger and ERP systems, ensuring that lease data flows seamlessly across financial platforms.

Integration allows real-time updates to financial statements, eliminates duplicate data entry, and improves consistency across departments. Connected systems enhance both operational efficiency and reporting accuracy.

Scalability for Growing Organizations

As businesses expand, the number of lease agreements increases. Managing this growth with manual systems becomes impractical.

Lease accounting tools are designed to scale with organizational needs. They can handle large volumes of leases while maintaining performance and accuracy.

Scalability ensures that:

  • Systems remain efficient as operations grow
  • New leases can be added without disrupting workflows
  • Reporting remains consistent across entities

This supports long-term operational stability.

Enhanced Reporting and Analytics

Lease accounting tools provide advanced reporting capabilities that go beyond basic compliance. Businesses can analyze lease portfolios to identify cost-saving opportunities and optimize asset utilization.

Analytics features enable:

  • Monitoring of lease expenses over time
  • Identification of underutilized assets
  • Forecasting of future obligations

These insights support strategic decision-making and financial planning.

Reduced Risk and Improved Control

Manual lease management introduces risks such as missed payments, incorrect calculations, and inconsistent reporting. Automated systems provide controls that reduce these risks.

Built-in validation rules and approval workflows ensure that all data is accurate and properly reviewed. This improves accountability and strengthens internal controls.

Risk reduction is a primary reason businesses transition to specialized tools.

Businesses are switching to lease accounting tools to manage increasing complexity, improve accuracy, and ensure compliance with evolving standards. By centralizing data, automating processes, and integrating with financial systems, these tools provide a structured approach to lease management. As regulatory requirements continue to evolve, adopting dedicated solutions becomes essential for maintaining efficient and reliable financial operations.

How Xero and Sage Support Making Tax Digital Compliance

Choosing accounting software is one of the first practical decisions any UK business faces when preparing for Making Tax Digital. The platform you select shapes how you store records, calculate VAT, and submit returns to HMRC. Two names come up consistently in this conversation: Xero and Sage. Both carry HMRC recognition. Both handle the technical requirements. But they approach the job differently, and understanding those differences is what makes the choice useful rather than arbitrary.

The Baseline: What MTD Demands from Any Software

MTD sets specific technical requirements that software must meet to qualify as compliant.

Your platform must store digital records of all income and expenses. It must calculate VAT automatically from those records. It must generate returns in the format HMRC accepts and transmit them directly via API — not through a manual export or copy-paste process. And it must maintain a complete digital audit trail linking every figure in your return back to the original transaction.

That last point is where many businesses unknowingly fall short. If your process involves transferring numbers from one system into another by hand at any stage, you’ve broken the digital link requirement. The software may be HMRC-approved; the way you’re using it may not be compliant.

Xero and Sage both satisfy these requirements in full. Where they differ is in design philosophy, workflow, and the types of businesses they serve most effectively.

Xero’s Approach to MTD

Xero operates entirely in the cloud. There’s no software to install, no server to maintain, and no files to transfer between devices. You log in through a browser or mobile app, and your data is available in real time to anyone you authorise — including your accountant.

The platform’s MTD-relevant strengths centre on automation. Bank feeds connect directly to your business accounts and pull transactions into Xero automatically. The mobile app lets you photograph receipts and attach them to transactions on the spot. VAT returns are generated from your categorised records with minimal manual input, then submitted to HMRC directly from within the platform.

Xero suits businesses that want to keep day-to-day bookkeeping straightforward. A sole trader, a small consultancy, or a growing e-commerce business will typically find the interface intuitive and the setup manageable without specialist finance knowledge. The accountant collaboration model also works well here — shared access means your adviser can review, adjust, and submit without requiring files to be exported and emailed back and forth.

Sage’s Approach to MTD

Sage has a longer history in UK accounting than most of its competitors, and its user base reflects that. Many established businesses have used Sage products for years, some running operations on Sage 50 or earlier desktop versions.

The modern Sage cloud platform carries forward the structural depth that made those earlier versions popular. Detailed financial ledgers, departmental cost tracking, customisable reporting, and support for multiple VAT schemes give finance teams the granular control they need for complex operations. For businesses processing high transaction volumes or managing accounts across multiple cost centres, that structure is a practical necessity rather than an optional feature.

Sage also offers a defined migration path for businesses moving from legacy desktop versions. Maintaining continuity of financial history — opening balances, VAT records, chart of accounts — matters significantly for businesses with years of data in an existing Sage system. Switching to an entirely new platform means solving a data migration problem that Sage’s own upgrade path avoids.

Matching the Platform to the Business

Neither platform is universally better. The relevant question is which one fits how your business actually operates.

Smaller businesses and sole traders tend to favour Xero. The learning curve is lower, the interface requires less accounting knowledge to navigate, and the automation features reduce the time spent on routine bookkeeping. For businesses without a dedicated finance function, that matters.

Larger businesses and those with internal finance teams often find Sage more capable. Departmental tracking, detailed ledger management, and robust reporting customisation give accountants and finance managers tools they can’t replicate in a simpler platform. Businesses in manufacturing, construction, or other sectors with job costing requirements particularly benefit from Sage’s feature depth.

Transaction volume is another practical consideration. A business processing a handful of invoices per week has different software needs than one handling hundreds of purchase orders and supplier payments daily. Sage’s ledger architecture scales more naturally for the latter.

Both platforms require correct configuration to work as MTD-compliant systems, and that’s where many businesses encounter problems. Selecting the software is straightforward; setting it up correctly is where the detail lies. Services like Xero, QuickBooks & Sage MTD Setup provide structured implementation support, ensuring the platform you choose is configured accurately for HMRC submissions before your first return is due.

What Correct Configuration Actually Involves

Installing software and creating a login is not the same as being MTD-compliant. The configuration work that happens between those two points determines whether your submissions are accurate and whether your records meet HMRC’s digital link requirements.

The VAT scheme selection is one of the most consequential settings. Standard VAT accounting, Cash Accounting, and the Flat Rate Scheme each calculate liability differently. Applying the wrong scheme means every VAT return you produce carries a systematic error — one that may not surface until an HMRC review.

The chart of accounts needs to reflect how your business actually operates, with income and expense categories mapped correctly to the relevant tax treatment. Poorly structured nominal codes produce returns that misrepresent your VAT position, regardless of how carefully you record individual transactions.

The HMRC API connection must be established, authorised, and tested before you file your first return. Bank feeds need to be verified against your actual accounts. For businesses migrating from older systems, historical data must transfer with opening balances and VAT history intact.

Errors at this stage tend to compound. A misconfigured VAT scheme or a misaligned chart of accounts produces incorrect returns quarter after quarter until someone identifies and corrects the underlying problem.

Sustaining Compliance After Implementation

Software configuration is a one-time project, but staying compliant is ongoing. Both Xero and Sage require users who understand how to operate them correctly — logging expenses accurately, reconciling bank feeds regularly, reviewing VAT before submission, and maintaining the categorisation discipline that makes quarterly returns reliable.

Structured onboarding training, tailored to how your business uses the platform, reduces the errors that stem from unfamiliarity. Some businesses also benefit from periodic compliance reviews — a check that records are reconciled, VAT coding is consistent, and the submission pathway to HMRC remains active and correctly configured.

The Decision in Practical Terms

Xero and Sage each offer a credible route to MTD compliance. Xero works best for businesses that want simplicity, automation, and easy external collaboration. Sage works best for businesses that need detailed financial control, high-volume transaction management, or continuity with existing Sage systems.

What both require is correct setup, consistent use, and a clear understanding of what MTD demands from your records. The software provides the infrastructure. Compliance depends on how that infrastructure is built and maintained.


The platform you select shapes how you store records, calculate VAT, and submit returns to HMRC. Two names come up consistently in this conversation: Xero and Sage. Both carry HMRC recognition. Both handle the technical requirements. But they approach the job differently, and understanding those differences is what makes the choice useful rather than arbitrary.

The Baseline: What MTD Demands from Any Software

MTD sets specific technical requirements that software must meet to qualify as compliant.

Your platform must store digital records of all income and expenses. It must calculate VAT automatically from those records. It must generate returns in the format HMRC accepts and transmit them directly via API — not through a manual export or copy-paste process. And it must maintain a complete digital audit trail linking every figure in your return back to the original transaction.

That last point is where many businesses unknowingly fall short. If your process involves transferring numbers from one system into another by hand at any stage, you’ve broken the digital link requirement. The software may be HMRC-approved; the way you’re using it may not be compliant.

Xero and Sage both satisfy these requirements in full. Where they differ is in design philosophy, workflow, and the types of businesses they serve most effectively.

Xero’s Approach to MTD

Xero operates entirely in the cloud. There’s no software to install, no server to maintain, and no files to transfer between devices. You log in through a browser or mobile app, and your data is available in real time to anyone you authorise — including your accountant.

The platform’s MTD-relevant strengths centre on automation. Bank feeds connect directly to your business accounts and pull transactions into Xero automatically. The mobile app lets you photograph receipts and attach them to transactions on the spot. VAT returns are generated from your categorised records with minimal manual input, then submitted to HMRC directly from within the platform.

Xero suits businesses that want to keep day-to-day bookkeeping straightforward. A sole trader, a small consultancy, or a growing e-commerce business will typically find the interface intuitive and the setup manageable without specialist finance knowledge. The accountant collaboration model also works well here — shared access means your adviser can review, adjust, and submit without requiring files to be exported and emailed back and forth.

Sage’s Approach to MTD

Sage has a longer history in UK accounting than most of its competitors, and its user base reflects that. Many established businesses have used Sage products for years, some running operations on Sage 50 or earlier desktop versions.

The modern Sage cloud platform carries forward the structural depth that made those earlier versions popular. Detailed financial ledgers, departmental cost tracking, customisable reporting, and support for multiple VAT schemes give finance teams the granular control they need for complex operations. For businesses processing high transaction volumes or managing accounts across multiple cost centres, that structure is a practical necessity rather than an optional feature.

Sage also offers a defined migration path for businesses moving from legacy desktop versions. Maintaining continuity of financial history — opening balances, VAT records, chart of accounts — matters significantly for businesses with years of data in an existing Sage system. Switching to an entirely new platform means solving a data migration problem that Sage’s own upgrade path avoids.

Matching the Platform to the Business

Neither platform is universally better. The relevant question is which one fits how your business actually operates.

Smaller businesses and sole traders tend to favour Xero. The learning curve is lower, the interface requires less accounting knowledge to navigate, and the automation features reduce the time spent on routine bookkeeping. For businesses without a dedicated finance function, that matters.

Larger businesses and those with internal finance teams often find Sage more capable. Departmental tracking, detailed ledger management, and robust reporting customisation give accountants and finance managers tools they can’t replicate in a simpler platform. Businesses in manufacturing, construction, or other sectors with job costing requirements particularly benefit from Sage’s feature depth.

Transaction volume is another practical consideration. A business processing a handful of invoices per week has different software needs than one handling hundreds of purchase orders and supplier payments daily. Sage’s ledger architecture scales more naturally for the latter.

Both platforms require correct configuration to work as MTD-compliant systems, and that’s where many businesses encounter problems. Selecting the software is straightforward; setting it up correctly is where the detail lies. Services like Xero, QuickBooks & Sage MTD Setup provide structured implementation support, ensuring the platform you choose is configured accurately for HMRC submissions before your first return is due.

What Correct Configuration Actually Involves

Installing software and creating a login is not the same as being MTD-compliant. The configuration work that happens between those two points determines whether your submissions are accurate and whether your records meet HMRC’s digital link requirements.

The VAT scheme selection is one of the most consequential settings. Standard VAT accounting, Cash Accounting, and the Flat Rate Scheme each calculate liability differently. Applying the wrong scheme means every VAT return you produce carries a systematic error — one that may not surface until an HMRC review.

The chart of accounts needs to reflect how your business actually operates, with income and expense categories mapped correctly to the relevant tax treatment. Poorly structured nominal codes produce returns that misrepresent your VAT position, regardless of how carefully you record individual transactions.

The HMRC API connection must be established, authorised, and tested before you file your first return. Bank feeds need to be verified against your actual accounts. For businesses migrating from older systems, historical data must transfer with opening balances and VAT history intact.

Errors at this stage tend to compound. A misconfigured VAT scheme or a misaligned chart of accounts produces incorrect returns quarter after quarter until someone identifies and corrects the underlying problem.

Sustaining Compliance After Implementation

Software configuration is a one-time project, but staying compliant is ongoing. Both Xero and Sage require users who understand how to operate them correctly — logging expenses accurately, reconciling bank feeds regularly, reviewing VAT before submission, and maintaining the categorisation discipline that makes quarterly returns reliable.

Structured onboarding training, tailored to how your business uses the platform, reduces the errors that stem from unfamiliarity. Some businesses also benefit from periodic compliance reviews — a check that records are reconciled, VAT coding is consistent, and the submission pathway to HMRC remains active and correctly configured.

The Decision in Practical Terms

Xero and Sage each offer a credible route to MTD compliance. Xero works best for businesses that want simplicity, automation, and easy external collaboration. Sage works best for businesses that need detailed financial control, high-volume transaction management, or continuity with existing Sage systems.

What both require is correct setup, consistent use, and a clear understanding of what MTD demands from your records. The software provides the infrastructure. Compliance depends on how that infrastructure is built and maintained.

 

Best Accountant for Crypto in UK: Built for Investors Tired of Spreadsheet Chaos

What Kind of Crypto Investor Are You? Pick the Right Accountant for UK Taxes

Crypto portfolios come in all shapes. Some hold a few coins for years. Others trade hourly. Then there are DeFi users mixing staking, swaps, and liquidity pools. Because each profile pays taxes differently, the choice of accountant matters. That’s where a specialist built for the crypto crowd, like Crypto Tax Made Easy, becomes a serious advantage when searching for the best accountant for crypto in uk.

Four Types of Crypto Investors, And What They Need

The Casual Holder, Small Wallet, Simple Gains

Casual holders buy tokens, wait months or years, then sell when prices climb. These investors may only need capital gains tax reporting when they sell. They benefit from a straightforward tax return and clean record of holdings. A crypto tax accountant helps track cost basis and sale dates to calculate gains accurately for a self assessment tax return.

The Frequent Trader, Many Trades, Many Wallets

Frequent traders shift coins between wallets, exchanges, tokens. Each move can trigger taxable events. Keeping track of cost basis, swaps, and disposals becomes tricky quickly. A specialist accountant brings value here. They reconcile every transaction, apply fair market value for each trade, and build comprehensive reporting, avoiding inflated tax liabilities from guesswork or incomplete records.

The DeFi Participant, Staking, Pools, and Extra Income Streams

DeFi activity adds complexity. Staking rewards, liquidity pool returns, airdrops, swaps, each item may carry separate tax implications under UK law. A crypto tax advisor familiar with digital asset taxation sees the difference. They calculate income tax where required. They classify capital gains when assets leave liquidity pools. They verify taxable events for every action.

The Business or Side‑Gig Operator, Crypto as Income or Payment

Some users run businesses or side ops that accept crypto as payment. It introduces accounting services broader than personal tax. Firms need to handle crypto income, bookkeeping, corporation tax (if relevant), and compliance under UK rules. A chartered accountant with experience in cryptocurrency accounting supports bookkeeping and tax reporting tailored to business activity.

Why One Size Doesn’t Fit All for Tax Accounting

Crypto activity isn’t uniform. Tax needs vary by volume, frequency, and transaction type. Traditional accountants offer standard services, income, dividends, property, but rarely cover crypto‑specific demands. Without expertise, mismatches in tax reporting can happen.

A leading crypto accountant UK knows crypto assets behave differently. They understand how swaps, chain bridges, and token rewards impact tax position. They know when capital gains or income tax applies. The expertise reduces mistakes and protects investors from avoidable tax liabilities or audit risk.

What Smart Crypto Tax Services Offer

  • Full transaction reconciliation across multiple wallets and exchanges
  • Accurate tracking of cost basis, buy dates, and sale or swap dates
  • Clear classification of income vs gains, especially for staking, airdrops, or DeFi rewards
  • Preparation of clean reports or summaries for self assessment tax return
  • Advisory service and tax planning for future trades or income streams

Firms like Crypto Tax Made Easy built systems to support all types of investors, from casual holders to active traders. Their staff treats every transaction as taxable unless proven otherwise. The kind of attention matters most for frequent traders or business‑based crypto users.

Match Your Style, Know What Questions to Ask

When choosing a crypto tax advisor, keep these in mind:

  • How many transactions can they handle without errors?
  • Do they support a variety of activities, trades, staking, pools, wallets, business payments?
  • Can they rebuild past years’ records if data is incomplete?
  • Do they provide clear cost‑basis tracking and documentation?
  • What’s their fee structure, flat, tiered, or per hour?

Your answers determine whether they suit a casual investor, active trader, DeFi enthusiast, or business user.

Why More UK Investors Are Moving to Crypto‑Focused Firms

Crypto activity in the UK keeps growing. Tax laws treat crypto as property or income depending on activity. People who hold coins, trade frequently, or run crypto‑based businesses face merging tax rules for capital gains, income tax, and accounting compliance. A crypto accounting firm understands all moving parts and helps investors keep control of their tax position, not the other way around.

Crypto Tax Made Easy remains a solid reference point for investors evaluating which firm fits their style. Their workflow works for different investor profiles. Their track record spans casual holders to high‑volume traders.

If a tax year includes more than a few trades, includes staking or DeFi activity, or involves crypto income, a crypto‑savvy accountant may be exactly the right move.

 

Frequently Asked Questions

Do I need to report all my crypto transactions to calculate my tax position?

Yes, each crypto transaction, including swaps, sells, and spends, may create tax obligations and must be tracked for accurate reporting.

Can chartered tax advisers help with crypto tax liability?

Yes, qualified tax professionals with experience in crypto taxation provide guidance on tax obligations and help minimize crypto tax liability where possible.

How do I know if I need to pay capital gains tax on my crypto?

If you dispose of crypto assets at a gain, you’re typically subject to capital gains tax depending on the holding period and fair market value at the time of sale.

What kind of crypto assets tax assistance does Crypto Tax Made Easy provide?

The firm offers full-service crypto tax reports and advisory built around complex cryptocurrency transactions across wallets, chains, and software.

Should I use a crypto tax calculator or seek advice from a specialist?

Crypto tax calculators can help estimate totals, but investors with high transaction volumes should seek advice from crypto tax specialists for accurate reporting.

Are UK tax laws different when it comes to crypto income or inheritance tax?

Crypto Tax Made Easy does not currently claim expertise in UK tax laws or inheritance tax matters, so UK investors should consult a local specialist.

Why do leading crypto tax accountants focus on tax advice for crypto assets?

Because crypto is subject to capital gains and income tax rules, leading crypto tax professionals focus on helping clients understand and meet tax obligations with clarity.

Kinore Named Xero Ireland Partner of the Year 2025 For the Fifth Year Running

Kinore, formerly known as Accountant Online, a leading cloud accounting and advisory firm, has been awarded Xero Ireland Partner of the Year 2025, marking the fifth year in a row the firm has received this accolade.

The award, presented by Xero, a global leader in cloud-based accounting software, recognises outstanding performance, innovation, and commitment to excellence in delivering cloud accounting services. Kinore’s consistent recognition is a testament to its expertise, personalised client support, and full-service finance and business support that leverages technology to provide innovative, client-focused solutions.

Members of the Kinore team pictured at the XERO Awards, where the business was awarded Xero Ireland Partner of the Year 2025 for the fifth year in a row.

Accepting the award, Kinore’s founder and CEO, Larissa Feeney said:

“We’re delighted to receive this award for the fifth consecutive year. It’s a strong reflection of the consistent effort and high standards our team brings to their work, and the steady growth we’ve achieved as a business. Recognition like this reinforces our commitment to delivering excellent service and continuing to move forward, year after year. A sincere thank you to our team for their professionalism and dedication, and to our clients for their continued trust.”

Members of the Kinore team pictured  at a recent awards’ ceremony

Since launching in 2017, Kinore has seen impressive growth, with an average annual revenue increase of 30% serving over 2,500 clients across Ireland and the UK. CEO, Larissa Feeney’s visionary approach is highlighted by the development of MyKinore, the company’s onboarding platform, which has streamlined operations, enhanced client experiences and positioned Kinore as a leader in digital transformation. 

In 2024, the company rebranded to Kinore to better reflect its evolution and the expanding range of services it provides. The rebrand underscores Kinore’s future ambitions, with projections indicating the firm is on track to achieve €15 million in revenue by 2028 (currently €4.1million). The company is expanding its service offerings, providing clients with outsourced financial management, bookkeeping, payroll services, and more, ensuring businesses have the tools to thrive in a competitive business landscape.

Kinore’s founder and CEO, Larissa Feeney

In addition to winning the Xero Award, Kinore was also shortlisted in five categories for the Irish Accountancy Awards. Additionally, Kinore has been recognised in the Digital Transformation & AI Awards, with nominations for Best Customer Experience Impact, Best Operational Impact, and Best Digital Transformation in Financial & Professional Services for the My Kinore Platform.

As Kinore looks ahead, the team remains committed to delivering forward-thinking, people-first solutions for businesses across Ireland and beyond.

For more information about Kinore, visit www.kinore.com

 

Big Red Cloud partners with GoCardless to streamline payments for accountants and SMEs

Big Red Cloud, the Dublin headquartered online accounting software business and UK’s GoCardless, the bank payment company, have expanded their relationship. Through Big Red Cloud’s integration of GoCardless’ payment capabilities into its platform, its customers can now, for the first time, use Direct Debit to automatically collect and reconcile recurring payments from their own clients directly.

In addition to helping accountants and SMEs reduce late payments and bad debt, the integration project will also free up time so they can focus on client-facing activities.

In a further initiative, before the end of 2024,  Big Red Cloud will also add GoCardless’ open banking-powered payment feature, Instant Bank Pay. This will provide accountants an alternative for instant, one-off payments without the high fees associated with traditional card transactions.

Marc O’Dwyer, CEO at Big Red Cloud said: “We are really pleased to be expanding our relationship with GoCardless. As a customer already using GoCardless for our own business, it was a natural step for us to look at how we might bring these benefits to our customers.

“Our goal is to simplify financial management for accountants, and a large part of that is making sure they have access to the latest payment technology. By partnering with innovators such as GoCardless, we are able to deliver – and we know first-hand how it revolutionises the payment experience for the better.”

Jolawn Victor, Chief Growth Officer at GoCardless, said: “We believe accountants should be successful because of the valuable advice and services they provide to clients. Building on our relationship with Big Red Cloud enables us to bring faster, cheaper and more secure payments to our joint merchants and their customers, freeing up time for accountants who can take payments off their list and get back to serving their clients.”

The partnership strengthens GoCardless’ position in the accounting sector, building on existing integrations with a number of major players in the space.

Big Red Cloud is based in Dun Laoghaire in South Dublin and has 75,000 online customers for its accounting software products.