Accounting for Small Business Made Easy With New Online Service; Bank Accounts and Loans Accessible from the Web
Marginz has launched the first online real time accountancy application for small businesses. The service via the Internet, gives small companies and their financial advisors immediate access to their accounts through a simple bookkeeping management system, combined with easy-to-understand advice.
The new service has been developed over the past two years by accountancy professionals who saw the need for an online service to help small businesses deal with all their accounting, taxation, payroll and business development needs.
Small businesses must take accountancy requirements seriously as they can incur additional costs if accounts are not up-to-scratch. In fact, of the 20,000 accountancy documents received daily by Companies House, Marginz found that five per cent are rejected - costing small usinesses £100 in immediate fines. Many small businesses also miss critical accounting and taxation dates, leading to further fines. Marginz has been launched to deal with this issue and ensure big and small companies get their accounts right first time.
Small Business Accounting just got easier with new online accountancy service
Norman Silvain (FCCA), CEO and founder of Marginz said: "Many companies are paying too much for simple accounting functions. The cost of Marginz is only a fixed fee of £19.99 a month, plus VAT - you also get free support and advice*. In contrast, standard accountancy software packages plus manuals can cost up to £1,500, excluding support costs.
"We developed the service based on feedback from small businesses who felt there was too much technical information in existing accountancy packages. Our service is more like having an accountant at your side, filtering and summarising key information. The home page also reminds companies of critical filing and compliance dates, so that companies don't loose money through unnecessary fines," Norman Silvain added.
* Just the cost of the call
Using the facility is simple. Subscribers simply need an Internet connection and web browser. There is no downloading, no installation of software and the web site is entirely secure and password protected. The comprehensive accountancy and taxation services Marginz offer also comply with Companies House and Inland Revenue legislation - making your end of year accountancy and tax submissions simple!
James F Chance FCA, principal of Chartered Accountancy firm JF Chance said: "The accountancy profession, like any other, is having to adopt the Internet and Marginz is paving the way for positive change within the industry. This new package sits perfectly alongside my own accountancy service, making the small business person's life much simpler."
Subscribers can access it anytime, anywhere and with their permission, trusted third parties such as an accountant, bank manager, loan officer or other business partner can also log into the system. The service links with bank accounts and loans, helping banks decide whether to approve small business loans in the future.
For more details about Marginz, visit http://www.marginz.com.
Notes to small businesses:
Launched in August 2001, Marginz is the first online real time accountancy application for small businesses. Companies now have immediate access to their accounts, via the web. The service has a simple book-keeping management system, combined with easy-to-understand advice at a cost of £19.99 per month, plus VAT.
Marginz deals with all your day-to-day accountancy needs with five key sections in the secure accounting entry area, covering:
· entering of sales and customer information
· listing of purchases and suppliers
· a banking section to find past transactions, make payment into a bank, reconcile statements etc
· a product section to list products, enter new stock and list product activity
· a miscellaneous section covering tool for managing entries, charts of accounts and accruals.
August 2002
Accounting for Small Business Made Easy With New Online Service
http://www.marginz.com
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