Case Study: Accounts + Legal wins KIKO and cuts manual accounting work with Receipt Bank

Accounts + Legal Win 600 Million Euro Cosmetics Client with Receipt Bank and Xero

Accounts + Legal is a London-based accounting firm that supports SMEs with services beyond tax returns, including forecasting, business strategy, and exit planning. When they won a pitch for KIKO, a 600 million euro cosmetics business with 50 UK stores, they faced the challenge of using cloud accounting tools that could handle a much larger volume of transactions than typical SME clients. To meet that need, they turned to Receipt Bank alongside Xero.

Receipt Bank helped Accounts + Legal process KIKO’s 30,000 annual purchases and manage a large volume of receipts and invoices efficiently, while Xero was adapted to treat each store’s monthly transactions as a single entry. The result was faster reporting, lower manual workload, and reduced costs; for one paper-heavy client, Accounts + Legal cut time costs in half. With Receipt Bank, the firm could work on data 24/7 and take on larger clients without adding lots of manual staff.

Accounts + Legal

Chris Conway

Managing Director