Case Study: Lee Coombes Accountancy Digital saves time and cuts costs with AutoEntry AccountsPrep

Lee Coombes Accountancy Digital cuts 500-bank-transaction jobs to 30 minutes with AutoEntry

Lee Coombes Accountancy Digital, headed by accountant Lee Coombes, needed a more efficient way to handle bookkeeping and tax preparation for a large portion of its clients who did not use any accounting software. The challenge was to digitize and process financial data from sources like bank statements without a time-consuming manual entry process, especially with the UK's Making Tax Digital (MTD) requirements approaching. The firm turned to AutoEntry and its add-on service, AccountsPrep, to address this.

Using AutoEntry to extract data from bank statements and AccountsPrep to code, reconcile, and adjust the transactions, the firm achieved massive time savings. Lee Coombes reported that jobs which previously took up to four hours were completed in just 30 minutes. The solution also allows for easy creation of VAT returns, trial balances, and profit and loss reports, enabling the firm to build its MTD compliance proposition. AutoEntry provided a perfect, cost-effective setup that transforms bank data into accounts with incredible ease.

Lee Coombes Accountancy Digital