Bookkeeping Software Features for Accountants and Bookkeepers

Team Nomi

Jun 20, 2024
8 minutes read

As an accountant or bookkeeper, efficiency is key to your success. Nomi’s all-in-one bookkeeping software is designed to make your workflows easy and save you time. With powerful automation, you can say goodbye to manual data entry and focus on higher-value tasks.

Nomi seamlessly integrates with your bank accounts, allowing daily transaction syncing for real-time accuracy. The OCR-powered receipt management and batch invoicing features further reduce data entry burdens. Comprehensive reporting capabilities tailored for accountants and tax compliance tools like MTD-compliant VAT filing keep you audit-ready.

But Nomi isn’t just about number-crunching. It facilitates client collaboration through secure document sharing, custom emails, and client bookkeeping access. From practice management tools to workflow automation, Nomi is the complete bookkeeping solution for the modern accounting firm.

Bank Integration

As an accountant or bookkeeper, manually entering bank transactions can be a tedious and error-prone process. Nomi’s powerful bank integration eliminates this headache, allowing you to focus on higher-value tasks. With just a few clicks, you can connect your clients’ bank accounts and transactions are automatically pulled into the software from the bank

Connect to banks worldwide

Nomi bookkeeping software integrates with over 20,000 banks across the globe, including all major UK banks like HSBC, Barclays, Lloyds, and NatWest. This ensures you can seamlessly connect accounts for clients of any size, from small businesses to large enterprises.

Daily Bank Feeds

Once connected, automatically syncs new bank transactions daily. This real-time updating ensures your books are always accurate and up-to-date, with no risk of missing transactions or falling behind. Clients can connect the Bank feeds through Mobile Apps and later accountants can reauthorise the linking without bothering the client.

Create Bank Rules

To make bookkeeping easier, Nomi allows you to create bank rules that automatically categorise transactions based on customisable filters like description, amount, or vendor. These rules “learn” over time, continually improving categorisation accuracy.

Reconcile with Ease

Nomi’s bank reconciliation process is simple and intuitive. The bookkeeping software matches statement lines to transactions and highlights any discrepancies. You can quickly investigate and resolve any unmatched or duplicate entries.

With Nomi’s robust bank integration, you can say goodbye to manually downloading statements and keying in transactions. This powerful automation frees you to focus on analytics, advisory services and delivering more value to your clients. Accurate books with just a few clicks – that’s the power of Nomi.

Receipt Management

As an accountant or bookkeeper, dealing with receipts can be a tedious and time-consuming process. Chasing clients for receipts, manually entering data, and organising paper trails can be quite an overwhelming task. But with receipt management tools, these overwhelming tasks become a thing of the past.

Mobile Receipt Capture

By using mobile app, your clients can easily snap photos of their receipts using their smartphone cameras as soon as expenses are incurred. No more crumpled piles of paper receipts or trying to decipher faded ink. The receipt images are automatically uploaded to the secure cloud.

Automated Data Extraction with OCR

Once uploaded, advanced OCR (Optical Character Recognition) technology takes over. It automatically extracts and digitises all key information from receipt images – vendor, date, amount, tax and more. No more manual data entry hassles for you!

Storage and Organisation

All receipt data and images are securely stored in the cloud and automatically linked to the appropriate expenses in your books. With intuitive interface, you can easily search, filter, and access receipt backups whenever needed for audit trails or expense verifications.

Integration with Accounting Workflows

But Nomi doesn’t stop at just receipt management. The extracted data seamlessly integrates with your other accounting workflows like bank reconciliations, invoice processing, tax calculations, and reporting. It’s the ultimate receipt-to-books solution.

By eliminating the hassle of manual receipt handling, bookkeeping software allows you to focus on high-value consulting services for your clients while ensuring accurate bookkeeping.

Invoicing and Payments

In the business world, getting paid quickly is important to maintaining a healthy cash flow. Nomi’s bookkeeping software makes the entire invoicing and payment process easy, saving you time and ensuring you get paid faster.

Integrated Payment Gateways

it integrates with popular popular payment gateways like GoCardless, PayPal, Stripe and Nomipay which is Nomi’s digital payment wallet. If you setup the direct debit through Nomipay then Money is collected from customers bank and the invoices are marked as paid without you actually doing the Bank reconciliation as the Invoices are marked as paid.

Recurring Invoicing and Auto-Billing

For recurring services or subscriptions, Nomi’s auto-billing feature is a game-changer. Set up recurring invoices to automatically generate and send on a schedule you define, eliminating the need for manual entry each billing cycle.

Get Paid Faster with Online Payment Links

Each invoice you send includes a secure online payment link, making it easy for clients to pay with just a few clicks. Automatically records payments against the correct invoices, updating your books in real-time.

Automated Payment Reminders

Nomi can automatically send payment reminders to clients as the due date approaches and after it has passed, gently nudging them to settle their balance.

By using invoicing and payment processing tools, you can make your accounts receivable process easy, improve cash flow, and spend less time chasing late payments. Get paid faster and focus on growing your business.

Reporting Suite

As an accountant or bookkeeper, providing accurate and insightful financial reports is important for your clients. Nomi’s reporting suite is designed to give you a comprehensive view of your client’s financial health, empowering you to make data-driven decisions and offer valuable advice.

Cash Flow Statements

Stay on top of your clients’ cash positions with detailed cash flow reports. Easily identify cash inflows and outflows, monitor liquidity, and plan for future cash needs.

Balance Sheets

Get a snapshot of your client’s financial standing with up-to-date balance sheets. These reports provide a clear picture of assets, liabilities, and equity, helping you assess financial stability and identify potential risks.

Profit & Loss Statements

Understand your clients’ profitability with detailed profit and loss statements. These reports break down revenue, expenses, and net income, allowing you to identify areas for cost optimisation and revenue growth.

Customisable Reporting

Reporting suite is highly customisable, allowing you to tailor reports to your specific needs. Choose from a variety of report templates, apply filters, and select the data you want to include for a truly personalised experience.

With Nomi’s comprehensive reporting capabilities, you can provide your clients with the insights they need to make informed business decisions while positioning yourself as a trusted advisor and valuable partner in their success.

Tax Compliance Made Simple

As an accountant or bookkeeper, ensuring your clients remain tax compliant is a critical responsibility. Missing deadlines or filing inaccurate returns can lead to penalties, fines, and a tarnished professional reputation. Nomi’s bookkeeping software takes the hassle out of tax compliance, giving you confidence that everything is handled properly.

MTD VAT Filing Direct from Software

The UK’s Making Tax Digital initiative requires VAT-registered businesses to use compatible software for keeping VAT records and filing returns. Nomi is fully MTD-compliant, allowing you to submit VAT returns directly from the software with just a few clicks. No more manual calculations or data transfers – Nomi has you covered.

Dividend Vouchers Linked to Self Assessment

For clients operating as limited companies, Nomi makes an easy process of recording and reporting dividend income. Generate digital dividend vouchers within the software, which are automatically linked to the relevant self-assessment tax returns. This seamless integration ensures accurate dividend reporting.

Integrated Payroll and CIS

In addition to VAT and dividend management, Nomi also offers integrated payroll and Construction Industry Scheme (CIS) functionality. Run payroll calculations, generate payslips, and file returns all within the same software ecosystem. For construction clients, Nomi handles CIS deductions and reporting with ease.

By centralising tax compliance processes within a single, user-friendly platform, Nomi eliminates the need to juggle multiple software solutions. With automated calculations, direct filing capabilities, and real-time record-keeping, you can confidently ensure your clients remain compliant while maximising efficiency.

If you’re an accountant, bookkeeper or accounting firm looking for bookkeeping software, Choose Nomi. Our powerful software is designed to make your workflows easy, automate tedious tasks and increase client collaboration – all while ensuring compliance and accuracy.

Let’s enjoy seamless bank integration, robust receipt management, efficient invoicing and payment processing, comprehensive reporting, time-saving automation, and tax compliance tools. Plus, our client collaboration features, such as document sharing, custom emails, and client access to bookkeeping data, will strengthen your client relationships.

Don’t just take our word for it – experience the power of Nomi for yourself. Sign up for Nomi’s free trial or book a demo, and discover why it’s the preferred bookkeeping software for accounting professionals.