Countingup launches web-based version of banking and accounting app

By John Reynolds on Tuesday 21 January 2020

Digital Banking

The launch comes just days before the self-assessment tax deadline.

Countingup launches web-based version of banking and accounting app
Image source: Image provided by Countingup

Digital business and accounting app Countingup has launched a web-based version of its banking and accounting app.

The launch of the new version of the app comes just days before the deadline for the self-assessment tax filing deadline.

Features offered by the web-based version include full profit and loss reports.

Accountants will be able to access, review and advise on their clients' bank data as well as interpret how their clients are performing.

The arrival of the web-based version of the app comes just days before the self-assessment tax filing deadline on January 31.

The fintech said its new offering will make it easy to complete a tax return for clients who have left their tax returns to the last minute.

To date, over 400 accountants have registered with Countingup's accounting service to access their clients' bank transaction data, the company said.

Tim Fouracre, founder and CEO of Countingup (pictured right), said: “We’re excited to be at the forefront of changing the accounting industry to bring accountants more into the world of banking. Launching the profit and loss report in our web-based Accountant Hub is just the beginning."

"Soon accountants will have the ability to create journals, export a trial balance and submit an MTD compliant VAT return - all of this functionality sitting on top of our business current accounts.”

In April last year, Countingup said it had reached a milestone of 13,000 customers less than 12 months after launching.

Countingup bundles a business current account along with bookkeeping features aimed at sole traders and freelancers, like auto-matching invoices with payments and expenses management.

 

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