Provides all necessary reports and analysis
Adjustments made by manual or imported journal
Follows the double-entry bookkeeping principle
Full bank reconciliation increases accuracy for your accountant
Clever Accounts follows the double-entry principle of bookkeeping to ensure the accounts always balance by automatically creating an equal and opposite side to any transaction you enter into Clever Accounts. This ensures that the accounts always balance and thus all income and expenditure is correctly and accurately recorded.
Clever Accounts allows simultaneous access into your accounts from multiple users that you manage and control. If you also set up access for your accountant to login then this will allow them uninhibitive access to your data which increases effective support.
Calculating and understanding VAT returns has been made even easier as Clever Accounts replicates the HMRC VAT return making it quicker to transfer the numbers accross. Different VAT schemes can be applied, such as cash or invoice scheme, ensuring you only pay the correct amount of VAT based upon the scheme you are operating.
Journals are used by Accountants to allow for easier adjustments to the accounts. Clever Accounts allows your accountant to create manual journals anytime but also lets them create journal templates in a CSV file to import into the accounts on a regular basis.
Furthermore, your accountant has access to all the familar reports such as Trial Balance, Nominal Activity or VAT Audit Trail
