Change Accountants for Your UK Business in 3 Easy Steps

Managing your finances is no easy task, and having a reliable accountant is crucial. But what happens when you feel it's time to make a change? We'll walk you through the ins and outs of changing accountants in the UK. We'll cover why you might consider a switch, its benefits, and a few things to remember for a smooth transition.

Why You Should Change Accountants

Many business owners decide to switch accountants because they feel their current accountant isn't doing enough to help them or because their business has grown or changed and their accountant isn't keeping up. There are other reasons, too, like getting a declining or poor level of service where your accountant doesn't respond to your needs. You might also receive questionable advice that causes problems with HMRC, or you need someone who can handle urgent matters. Perhaps it’s as simple as your accountant is retiring, and you want a fresh start

What To Consider Before Switching Accountants

There are two crucial things to consider before changing accountants:

1. Timing: This is key when it comes to changing accountants, so don't rush the process. Once you've made the decision, take some time to figure out the best moment to transition from your old accountant to the new one. It's wise to choose a period with minimal activity going on in your business. However, remember that the end of your financial year may not be ideal for a switch.
2. Loose ends: Before making the switch, tie up any loose ends. Take care of all your financial responsibilities, such as paying your bills, so neither you nor your previous accountant is left waiting for something. The last thing you want is a dispute over unpaid fees, as it can seriously disrupt the smooth transfer of your business to your new accounting service.

Advantages of Switching Your Accounting to Osome

If you’re looking to simplify your accounting and bookkeeping services, guided by dedicated experts and smart software that you can use on the go, then Osome is the partner you’ve been looking for. From having your own accountant to seamless integrations for all kinds of businesses, here’s why you should make the switch.

Personal Accountant

Skills

• Double-checks the automated bookkeeping
• Prepares and files reports on time
• Answers your questions within 24 hours
• Makes sure you don’t overpay your taxes

Admin Software

Skills

• Uploads financials directly from Amazon, Shopify and other marketplaces daily
• Automatically categorises separate line items
• Assigns tax rates including zero-rated products and VAT owed abroad
• Uploads to your Osome account daily

Accounting & Tax Solution Built for Ecommerce Sellers

We’ve rounded up all the ecommerce platforms across the UK and EU and we’re on a mission to make them easier to handle. Amazon’s 150+ charges? Facebook sales running on Shopify? Stripe dumping receipts from your website in a completely different format? We got it. And we know how to handle them, too. Our ecommerce accounting services have freed up heaps of time for business owners across the country. You’ll get:

• A dedicated accountant to answer your questions
• Automatic reconciliation with your marketplaces
• End-to-end VAT management
• A team who knows ecommerce
• Real-time analytics

Shopify

Integrated platform

• Fully automated accounting
• Bulk transaction reconicliation
• Real-time financial reports
• Dedicated expert specialised in Shopify accounting

eBay

Integrated platform

• Fully automated accounting
• Bulk transaction reconicliation
• Real-time financial reports
• Dedicated expert specialised in eBay accounting

Amazon

Supported platform

• Dedicated expert specialised in Amazon accounting
• Automated Amazon accounting coming March, 2023

Square

Supported payment gateway

• Dedicated expert specialised in Square accounting
• Automated payment processing coming soon

PayPal

Supported payment gateway

• Dedicated expert specialised in PayPal accounting
• Automated incoming payment processing coming February, 2023

Stripe

Supported payment gateway

• Dedicated expert specialised in Stripe accounting
• Automated payment processing coming soon

Etsy

Supported platform

• Dedicated expert specialised in Etsy accounting
• Automated Etsy accounting coming soom

Wix

Supported platform

• Dedicated expert specialisedin Wix accounting
• Automated Wix accounting coming soom

BigCommerce

Integrated platform

• Fully automated accounting
• Bulk transaction reconicliation
• Real-time financial reports
• Dedicated expert specialised in Shopify accounting

Switching Your Accounting to Osome In 3 Easy Steps

1. We Deal With Your Former Accountant

Worried about dealing with the ex? No need. We'll collect all the details from your former accountant and transfer over your accounting software subscription.

2. We Upload Your Data Automatically

No more tedious admin. We connect your Osome account to sales platforms and banks. Just give us the invoices, and we'll identify the accounts and assign the correct tax rates.

3. We Make Sure Your Company Is Compliant

Sleep soundly at night. We check if your company has any loose ends with HMRC and ensure that VAT is always correctly allocated for all your products.