Now that the chaos of tax season is finally ending, it is a great time for accountants to review the processes that worked well and those that did not. The top practices closely monitor and look for areas that could be improved, whether it is improving day-to-day operational workflows, further leveraging automation tools, or exploring top tips which can help with productivity. A great idea for accountants is to use the next month to explore a range of Bright solutions which could help make sure there is no repeat of any last-minute scrambling before tax deadlines. Bright provides payroll, acc ..read more

Here at Bright, we’d like to wish all accountants and bookkeepers a happy International Accounting Day and Global Bookkeeping Week! Thank you for the vital work you do and the role you play in the business profession. This week is a great chance to reflect on your work, show appreciation to your colleagues and peers and highlight the important work you do to your clients. This week could also be used to reflect on the processes that worked really well throughout the year and recognise your top achievements. As we move closer to 2023 and the start of a new tax year, bookkeepers and accountants ..read more

If the COVID-19 pandemic taught us anything, it was to prepare for the unpredictable. It’s safe to say that two years ago, there were very few businesses anticipating a global pandemic and even fewer had a response plan ready and waiting to be used. For the accounting sector, the pandemic highlighted the need for agility, resilience and the ability to embrace change. While it’s still hard to plan for such an unpredictable event as a pandemic, it is possible to plan for future challenges and decide what you and your accounting practice can do to prepare. In this blog, we will discuss ways you ..read more

In exciting news today, Bright have announced the acquisition of BTCSoftware. BTCSoftware offer multi-award-winning tax software solutions which help accountants to streamline and simplify tax and compliance work. They develop feature-rich and cost-effective software products that make life easier and more rewarding for accounting professionals. This development is the next big step in Bright’s mission to streamline business processes for accountants and businesses, by delivering excellent products that enable automation and integration of core business sectors and functions. This mission is ..read more

Benjamin Franklin famously said that “in this world, nothing is certain except death and taxes” and it’s hard to argue with that. As the deadline for the Self-Assessment tax return approaches, it is vital that you understand everything you need to know before filing your tax return. Below, we outline the information you need to ensure a successful tax return. 1. When does the return need to be submitted by? And how is it submitted? There are two ways to submit your tax return to Revenue – by post or online. The due dates depend on your choice of submission. If you choose to submit by post, th ..read more

No matter how productive your accounting practice is, there is always room to optimise your processes to save even more time. One of the most effective ways of improving productivity, is to reduce the amount of time you spend on manual data-entering tasks. By being a little more tech-savvy, you should be able to use automation to your advantage, allowing you to put more focus on profitable areas of your business. One of the busiest times of the year is in the lead up to tax deadlines. Having clients dump 6 months’ worth of paperwork on your desk is inefficient as well as frustrating. Not only ..read more

August 2022 saw a big change for the leadership of Bright, with Kevin McCallum chosen to be the new Chief Executive Officer with immediate effect, and current CEO Paul Byrne stepping up to the role of Founder Board Director. Paul has been CEO of Bright (and formerly Thesaurus Software) for the last 32 years. Bright was formed in September 2021, following the merger between Thesaurus Software and Relate Software. Under Paul’s leadership, the company has grown rapidly, expanding further in March 2022 with the acquisition of AccountancyManager. Bright now enters a new era as Kevin will now assum ..read more

Overview Technology has been changing accounting by not only improving how accounting is performed but also changing the accountants’ roles. Most accounting tasks are being automated and accountants are transitioning to a business advisor role. Organisations are now getting more out of their investments as daily tasks like invoice creation, reconciliation and report generation are automated with little or no intervention from accountants and the accountants can apply their core skills in finance – critical thinking, strategising, customer relationship – more than before. This article identifie ..read more

‘Waiting’ and ‘Unnecessary Inventory’ are two among the seven major wastes, which, according to the Toyota lean manufacturing model should be immediate discarded to achieve business success. Here are some red flags that indicate it is high time you optimized stock management. You are verifying your stock capacity every time you are about to approve a sales order or a purchase order. You are updating your stock capacity by hand each time you write off an invoice or a payment to a supplier. You are not recording your stock adjustments in real-time. You are investing bigtime in manual interventi ..read more

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