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FreeAgent Blog on freelancing, accounting and money money management

The FreeAgent blog: product news, team activity and general freelance, business and finance related discussion.

FreeAgent Update - Release Copertino

Here's what's new:

Gye cannie 'One Accounting' amang the FreeAgent-Friendly the noo!

One

We're happy to announce that Edinburgh-based One Accounting are now FreeAgent-Friendly.

Their three founding Directors have gained their accounting skills, qualifications and experience through working as Financial Managers in a wide range of commercial businesses. This means they don't just take care of the numbers, they know what makes a good business "tick"'.

They have offices in Livingston as well as Edinburgh, so drop a line to Chris Thomas if you're in Scotland and looking for efficient, no-nonsense accounting advice and support, in both Scottish and English ;->

UK Ltd Co Accounts: Companies House Deadlines

We've added forthcoming deadlines for submission of Companies House accounts and annual returns to our 'Tax Timeline'. If you've ever looked into this (here, here, and even here), you'll know how byzantine the deadline rules are, and how they're changing in the coming years, but we've suffered the pain on your behalf.

(Quick summary - you have 10 months after the year-end to submit accounts at the moment, but that's becoming 9 months soon. Don't ask what a 'month' or 'soon' really means, you don't what to know...just use the Tax Timeline!)

Don't forget you can subscribe to both the Tax and Invoice Timelines in your existing calendar software (iCal, Outlook 2007, GoogleCalendar) so you'll always have your reminders and tax payment amounts right there in front of you. Go to Settings > API and Feeds to get the links.

Managing User Access, UK National Insurance Number

The Primary User (whoever signed up for the FreeAgent Account) can now select which other users have login access to FreeAgent. Visit a user's Edit Details page and check or uncheck the 'Login Enabled?' checkbox as necessary.

On UK accounts, as shown above, you can now also enter a National Insurance number in your User Details, and it will be displayed on each payslip.

For security, it's one of the items that is stored encrypted in our database.

Marking Projects as Completed

You can now toggle a project status between Active or Complete straight from the Project page itself.

Sub-optimal Conditions Addressed

  • We've tweaked the display of the Monthly Profit & Loss. Nicer to look at, now.
  • Extended the time window in which bank transfers are recognised, to handle Paypal strangeness.
  • We've merged two previously separate explanation categories 'Net Salary' and 'Bonus', in preparation for some improvements to the way we handle payroll and IR35 support.
  • We've now improved the way we handle 'incomplete accounting periods' and now provide links to your bank statements to locate unexplained transactions.

Cheers until next time,

Ed & The Team at FreeAgent Central.

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Over to you...

Posted on : Wed August 13, 2008
I may be wrong but I'm not certain if your Companies House timeline is working correctly.

The demo NoStepTwo has a year end 30 June. Old rules deadline 30 April. New rules (nine months)but note 30th March.
Posted on : Thu August 14, 2008
Ah but he screenshot above is from a different test account!

Checking out nosteptwo.freeagentcentral.com has

* 30 April 09 (old rules, 10 months, as you say)
* 31 Mar 10 (new rules, 9 months, but the new definition of 'months since' allows periods ending on the last day of the month to result in a deadline also on the last day of the month even if this means you go from 30 Jun -> 31 Mar)

But it would be good just to validate that we agree on that...

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