My Digital Finance Basics is our standalone finance platform uniquely designed with the SMEs in mind. Bespoke features to deal with self-billing invoices, flat rate VAT and bulk payments are examples of a software tailored to the sector.
Finance Basics is the only finance package your business will ever need
Keep scrolling for a more detailed look at some of the features that make our Finance Basics offering!
Financials
Exporting financial data to third party accounting packages is a thing of the past
My Digital Financials is a full suite of accounting tools. All account postings are taken care of automatically, accounting data is streamlined, so that the true financial position of the company can be assessed at any moment in time.
Some of the most laborious tasks are automated to ensure that the bank reconciliation, credit control and net wages reconciliations are run with maximum efficiency.
Fully integrated accounting package:
- Integrated Making Tax Digital (MTD) compliant VAT returns
- Automated bank reconciliation
- Debtors management linked to the release of invoices
- Automated Net Wages Reconciliation
- Monthly management accounts generated from the software without manual input
- Live financial position (P&L and Balance sheet) at any point in time
IR35
Flexible IR35 testing tool to provide a peace of mind
The latest IR35 reforms have generated lots of anxiety in the industry. At My Digital, we believe that as long as you have the right tools, ensuring compliance with IR35 legislation is nothing to be worried about. My Digital IR35 is a flexible tool that can be configured to the needs of any business.
- Choose your own questions, question weightings and outcomes to suit your IR35 assessment process
- Flexible configuration
- Job role and assignment level assessments
- Distribution of IR35 determinations up and down the supply chain
- Assessments stored digitally in the cloud
Portal
My Digital offer a portal suitable for all role types from director-level executives to assisting staff.
Users can use the portal to:
- Submit timesheets and expenses,
- View their payslips, P45 and P60
The privileges are customisable to each user so they only have access to what you want them to see.
App
Keep your workers in the loop
My Digital App brings the functionality of the portal to our mobile app.
A user-friendly interface allows users to submit and view their expense claims with a dashboard view of the tax year to date, view pay history and download their payslips, P60s and P45s.
- Easy to use, intuitive controls
- No cost extra cost for the user
- Suitable for both Android and Apple devices
Reporting
Integrated business intelligence toolset powered by Amazon Quicksight
My Digital Reporting is a service that empowers you to take any of your business data within My Digital and produce a variety of reports and data analytics.
- Uncover and pinpoint any strengths and weaknesses in your operations
- Build top quality reports
- Automated data sync guarantees instant access to the most up-to-date information about your business
- Aesthetically pleasing interface
- Highly customisable reporting to suit your business needs
- Secure data presentation for only the client to access
Simple pricing for every SME
Have a look at the detailed breakdown of the available functionality alongside the pricing.
Sounds good? Go ahead and sign up
Sign up to My Digital Finance Basics by filling out and submitting the form, once the system checks your details you will receive an email with your activation link. Click the link, then log in, set up your preffered payment method, and et voila! Welcome to My Digital Finance Basics!