Accountancy For The Twenty-First Century Monday 26 November 2007 PDF Print A revolutionary new service launched by net-accounting.co.uk aims to take accountancy into the 21st Century and come to the aid of SME’s with an online accountancy service. Designed to help businesses keep track of their finances month by month, this new service is not only user friendly but is packed full of helpful information for the business owner/ manager. From monthly summaries of the business accounts and the business net worth, to estimates of future tax liabilities and even a personal Financial Directors report. The aim is to provide businesses with regular financial information rather than waiting for their year end accounts to be produced, encouraging them to use the information proactively and maximise their chances of having a successful and profitable business. Operating a business in today’s environment of legislation and red tape is a challenge for any business person. Keeping track of the company finances is another and with over 70 businesses per week failing it’s vital that owners and managers know what’s going on with their company finances at any given moment. The problem is that traditional accounting is completed after the year end, unless you pay extra and receive a monthly management report – something that most small businesses simply cannot afford to do. The end result is that warning signs regarding cash flow can be missed or tax bills are larger than anticipated and suddenly there is a strain on the finances. Project Manager Christine Lukies said “Businesses operate in a competitive environment and there are so many demands on an owner’s time. Our new system gives back some of that time by taking away much of the burden related to the financial management of a business. We’ve made sure that the information is presented in a clear, easy to understand format that can be accessed via the internet at any time, from any location and everyone gets a monthly Financial Directors report and free business advice as part of their package. Our aim is to help businesses excel at what they do and achieve their full growth potential.” The new service was officially launched on the 12th November. Background net-accounting.co.uk is the online accounting business of the accountancy practice D. King and Co, which was established in 1967. The company has grown steadily over the years gaining a reputation for excellent service by working with clients to ensure that they are running their businesses in the most tax efficient way. net-accounting.co.uk was established when it became clear that there was an opportunity to offer the same excellent service to all small and medium sized businesses, regardless of their geographical location, by providing a range of online accounting services. The aim is to provide clients with a choice when it comes to selecting an accountant that will meet the needs of their business. net-accounting.co.uk have developed a package that gives clients more for their money, for example, monthly Financial Director management reports with the online accountancy package, at no extra cost. The site has been developed to make everything as simple as possible to use and with all the information displayed in a clear, easy to understand format. net-accounting.co.uk are embracing technology because we believe that online accounting is the future for many clients, giving them more choice and offering easier access to their accounting information whenever and wherever they want it. For further details/ information contact: Christine Lukies at net-accounting.co.uk Tel: 0845 111 1001 Email: email@example.com www.net-accounting.co.uk This press release was distributed by ResponseSource Press Release Wire on behalf of Digital New Media in the following categories: Business & Finance, for more information visit http://pressreleasewire.responsesource.com/about.