How It Works

 

1. Choose

Choose the appropriate package that best suits your business, Sole Trader or Partnership, then choose which SageOne online accounts software you'd like to use.
SageOne Cashbook is the lite version for simple accounts, suited to businesses that are not VAT registered and have a moderate turnover.
SageOne Accounts is the full version which includes more functionality and is suited to VAT registered businesses with it's built in VAT return section including online submission direct from SageOne.

You might already be using another software package or getting your accountant to do it all. Using SageOne can make working with us effortless. As the service is online we can access your financial information immediately; no more dropping off receipts or sending us backups.

2. Registration

Fill in the online registration form to provide us with all the information we need to get you started.
You'll be required to set up a direct debit mandate online as part of the registration.
We'll carry out an identity verification check at this point to fulfil our legal obligations, which only takes a few minutes.

All registrations are processed personally during office hours to ensure that there are no duplicate accounts - we don't want you to pay twice! This allows us to contact you to correct any errors before completing the initial setup, so that this is the only time you'll have to wait.
You might want to check out the SageOne training videos in the meantime.

3. Setup

Once all the checks are complete, we'll set up your accountsonline.co.uk membership, SageOne account and send your login information.
You'll be able to get started as soon as you receive this The membership area has lots of useful tools and information specifically designed to help businesses like yours.

4. Bookkeeping

Throughout the year record all your business income and expenses in SageOne, you'll be able to prepare and submit your VAT returns within minutes as well as run reports to find out how your business is doing.

5. Accounts

At the end of your financial year, we'll get in touch to find out if your SageOne software is up to date. As soon as you let us know that you have recorded everything we can start preparing your accounts.
As we do this, we may need to ask you a couple of questions. We'll email you; the faster you can give us the answers, the quicker we can complete the work.

6. Approval

When we've completed your accounts, we'll upload a draft copy to our secure online document store where you can review and approve the accounts with an electronic signature (we call this e-signing).
If any amendments are required, let us know immediately so that we can make the changes and upload amended draft accounts for you to review and e-sign.

7. Finalise

After you approve your accounts, we finalise them and upload a set of your final accounts to the document store for you to retrieve. A copy of the final accounts will remain in the document store for as long as you are a customer of accountsonline.co.uk.

8. Tax Returns

It's at this stage if we are also preparing your personal tax return that we transfer the accounting information from your accounts into your tax return and ask you for any further information require to complete the return, e.g. bank interest received.

9. Tax Return Approval

When we've completed your tax return, we'll upload a draft copy to our secure online document store where you can review and approve by e-signing the return.
If any amendments are required, let us know immediately so that we can make the changes and upload an amended draft return for you to review and e-sign.

10. Submission

Upon approval we will submit your tax return online to HMRC and confirm the tax amounts due for payment along with the payment due by dates via email.

11. Finished

That's the job done and dusted for another year.
Final approved versions of your accounts and tax returns can be accessed online in our online document store for as long as you are a customer of accountsonline.co.uk