Accounting software – Business Finance Assistant
Giving you control of your finances so that you can focus on what matters
Track sales and invoices
Forecast cash flow
Take a look for yourself
Key features and benefits
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Submit VAT digitallyHMRC compliant VAT submissions via BFA |
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PayrollA way to pay your employees however, we don’t currently have this feature |
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Forecast cashflowIdentify potential shortfalls in advance with cash-flow forecasting which uses 90% Artificial Intelligence accuracy |
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Free trial3 month free trial to try out the product yourself |
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Photo-capture and store your receipts and expenses |
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Continuous product developmentWe listen to your feedback to improve the product |
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Send and track invoicesCustomise and issue professional-looking quotes and invoices |
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Support model121 support available to help guide you through BFA along-with our support site including support guides, videos and FAQs |
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Auto-categorise transactionsAutomatically categorises transactions and daily bank reconciliation of items from your bank statements |
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WebinarsMonthly webinar dedicated to explaining aspects of BFA in response to your feedback |
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Connect accountsNo limit on how many bank accounts you can connect |
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Invite accountantInvite your accountant at no extra cost |
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“I really love the Lloyds Bank accounting system, it's simple and it saves me time. I was with another provider before, but it didn't work well for my business. My business is quite simple and this is a simple application and it works really well for me. ”
Deana Huurdman
Beach 48 Ltd
Register in 2 minutes with the following steps
Manage every expense
Track your performance
Making Tax Digital
Frequently asked questions about Accounting Software
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Yes. We’ve designed it in a way which is simple and intuitive. Business Finance Assistant offers similar features as our competitors and at a competitive price. Our support model includes a virtual helpdesk to answer your queries, in addition to our knowledge hub which includes videos that show you exactly how to use your accounting software.
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Making Tax Digital is a new requirement from HMRC for businesses to submit their VAT returns digitally. This requirement will also extend to Self-Assessments in c.2024 and Corporation Tax in 2026. Business Finance Assistant is listed on the HMRC Making Tax Digital compliance list and can help you create and send digital tax returns to HMRC directly.
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You can use features such as our cash-flow forecasting tool to drill down into time periods that are most relevant to your business. You can also invite your accountant and other people involved in your business to access Business Finance Assistant to help you manage your accounts.
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BFA is used by businesses of all types and sizes. Businesses who regularly invoice clients have found Business Finance Assistant helps them to save time and ensures they also produce professional-looking invoices. We also know it’s easy to lose track of who hasn’t paid so our invoice features easily show you who has unpaid and gives you the option to remind them via a simple email.
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Your first three months are free. After your initial trial, Business Finance Assistant is just £5 per month. Business Finance Assistant is priced competitively compared to some of the other accounting software’s in the market.
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No. You can cancel anytime from within your Business Finance Assistant account:
- Select the 'Your Profile' menu in the top-right corner of the screen
- Select 'Account and Billing' from the drop-down menu
- Select 'Cancel subscription'. Please note this option is only available to those who have an active subscription.
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- Hold a business account with Lloyds Bank
- Be registered for Online for Business or Commercial Banking Online
- UK based business
- Please note the BFA platform’s VAT return preparation functionality is not designed for use by partially exempt businesses and does not facilitate the automation of partial exemption calculations. For more detail on partial exemption, see the government website Partial exemption (VAT Notice 706) - GOV.UK
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Important information
- Try our service for the first 3 months for free via our introductory offer. After this, we’ll ask you whether you want to continue with the service at a charge of £5 per month.
- Please find our terms and conditions.