Streamline Your Accounting with FreeAgent and Capium Integration
Benefits of Integrating Capium Accounts Production
Integrating FreeAgent with Capium can significantly enhance your accounting workflow by simplifying the trial balance import process and accelerating the production of management or year-end accounts.
Here is how this powerful combination can benefit your practice:
- Effortless Trial Balance Import: By importing a trial balance from FreeAgent into Capium, you can fast-track your workflow and produce your management or year-end accounts with ease. This integration eliminates the need for manual data entry, reducing errors and saving time.
- HMRC and Companies House Compliance: Capium is recognised by both HMRC and Companies House. It enables you to produce and submit statutory accounts directly to Companies House and file CT600 returns to HMRC, ensuring compliance with all relevant regulations.
- Versatile Account Production: Capium supports the production of management and statutory accounts for various entity types, including sole traders, partnerships, LLPs, and limited companies. For limited companies, Capium can produce Micro Company Accounts (FRS 105) and small company accounts (FRS 102 or FRS 102 1A).
- Customisable Chart of Accounts Mapping: Users can map FreeAgent Chart of Account codes to Capium’s Chart of Account codes. This feature allows you to auto-fill most nominal codes when producing annual accounts, tailored to each specific entity. Once mapped, these codes are stored in the system, simplifying future imports, and reducing the risk of errors.
- Enhanced Accuracy and Consistency: The stored mappings help ensure that the current year’s figures are aligned with past years when producing statutory accounts. This consistency is crucial for maintaining accurate and reliable financial records.
By integrating FreeAgent with Capium, you can streamline your accounting processes, ensure compliance, and enhance the accuracy of your financial reporting. This integration not only saves time but also provides a more efficient way to manage your clients’ accounts, allowing you to focus on what matters most — growing your practice.
Want to get started with Capium’s Accounts Production? Speak to our sales team today by calling 020 3322 5578, or book a demo today.