How An Accountant Makes Prelude Work For Him… And His Clients

Lee Coombes has run Lee Coombes Accountancy in Swansea for the last 8 years, and he is determined to provide the most cost-effective and efficient services to his clients possible. With the advent of Making Tax Digital, the accountancy sector as a whole has to adopt new processes and technologies to remain compliant and relevant. ...

August 15, 2018

What Is GDPR, And Are You Ready For It?

As of 25th May 2018, your business will have to be fully compliant with new regulation relating to how you manage and store data. This new tranche of regulation is known as GDPR (General Data Protection Regulation) and is an expansion of existing data protection laws, known in the UK as the Data Protection Act ...

June 4, 2018

Prelude at the ICPA Practice Evolution Conference in London and Manchester

We are delighted to announce that Prelude (AKA Prelude Accounts) will be exhibiting at the upcoming ICPA Practice Evolution Conference taking place on 7th June in London and 27th September in Manchester. In addition, as a reader of this website, you are also eligible to receive a 10% discount, just quote “PA10” when booking. This ...

March 5, 2018

The Demise of VT Transaction+ Spreadsheets: ExHell or ExHeaven?

If you’re an accountant and you read Accounting Web recently, you would have thought that the apocalypse had arrived. “I love this product, and now I have to work out what to replace it with” said one, “I do the vast majority of my clients’ bookkeeping so will now need to either switch and pay ...

February 5, 2018

Automatic Bank Feeds 2017 Part 4: Is Open Banking An Existential Threat To Accountants?

Events have a habit of overtaking discussions. In my first article in this series, I discussed the pros and cons of automatic bank feeds. In the second, I examined how you can use your accounting software to reduce the need for automatic bank feeds, and the third discussed how automatic bank feeds can be used ...

November 20, 2017

Automatic Bank Feeds 2017 Part 3: The Best Of Both Worlds?

  In my first article in this series, I discussed the pros and cons of using automatic bank feeds, and in the second, I examined how you can use your accounting software to reduce or even eliminate the need for automatic bank feeds. In this third article, I want to examine how automatic bank feeds ...

November 6, 2017

VT ceases development of Transaction+

Are you affected by the announcement that VT is ceasing development of their Transaction+ product? If you are, Prelude Accounts’ Accountant Bundle could be the answer to your problem! This is a FREE Accountant Bundle. Yes, completely free and exclusive to your practice for your clients’ accounts including the option to create up to three ...

October 9, 2017

Automatic Bank Feeds 2017 Part 2: Use Your Accounting Software

In my last article I reviewed the pros and cons of using Automatic Bank Feeds software given changes in the market for these services and the inherent risks in the screen-scraping techniques used by some service providers. In this article I want to explore using features that should be available in good accounting software to ...

June 19, 2017

Automatic Bank Feeds 2017 Part 1: Opportunities & Pitfalls

Automatic reconciliation
A New Year, and it seems the world is getting more automated with each passing day. I’ve written extensively in the past about the opportunities and threats posed to accountancy by emergent technologies, but I would now like to focus on the current status of Automatic Bank Feeds in 2017. In previous articles I have ...

January 2, 2017

Bookkeeping – The Next Generation

The other day, I was struck by an odd sight in my local Sainsbury’s. By the entrance, there was a rack of vinyl LPs for sale, something I thought I would never see again in supermarket chain. What was once regarded as archaic and obsolete has now come back into fashion, and I think this ...

November 7, 2016