The FreeAgent Blog

Introducing CIS subcontractor support

Posted on 5 May 2017 by Roan Lavery - Jump to comments

If you work in the construction industry then you’ve probably heard of the Construction Industry Scheme. If you haven’t, you can safely ignore this article and enjoy those two minutes of your life back.

Still with me? OK, so CIS affects both contractors and subcontractors working in the construction industry. With this release, FreeAgent supports the obligations for subcontractors.

In practice this means:

  • Raising CIS invoices with the appropriate deductions
  • Automatically filing CIS deductions through payroll
  • Knowing how much you're owed from your contractor customers
  • Reconciling payments received with CIS deductions

To get started read our detailed guide on how FreeAgent supports CIS for subcontractors.

Until next time,
Roan and the team at FreeAgent

A spring clean for FreeAgent Mobile

Posted on 27 April 2017 by Roan Lavery - Jump to comments

Since we launched FreeAgent Mobile two years ago we’ve added a tonne of new features including banking, time tracking, tax notifications and more.

With more people using the app, and seasonal enthusiasm abounding, we felt it was time for a spring clean to reorganise and tidy up the various features. So with virtual feather duster in hand, we’ve refreshed the design and reorganised the sections so it’s easier to find your way about.

mobile_nav

The most obvious change is the new navigation bar at the bottom of the screen. Using the tabs you can jump from Insights to the Money Out, Money In or Banking sections, or use the green ‘add’ icon to quickly create an expense, timeslip or invoice.

You can find out more about how we redesigned the app in our new ‘Behind the scenes’ blog post, including how we involved FreeAgent users in the process.

Or, if you just want to check out the app for the first time then head on over to the app stores:

Until next time,
Roan and the team at FreeAgent

Introducing stopwatch timers on FreeAgent Mobile

Posted on 6 March 2017 by Roan Lavery - Jump to comments

Those of you with a penchant for precision billing and/or laser-like time management will be delighted to see the introduction of practically genuine Swiss-engineered stopwatch timers on FreeAgent Mobile.

When you create a timeslip on FreeAgent Mobile, you’ll now see a new time picker, which gives you the option of either selecting a duration for the timeslip or tapping a ‘record’ button to activate a stopwatch timer.

Stopwatch timer

Once you’ve hit ‘record’, the timer runs in the background while you complete the task in hand. When you’re finished, just tap the ‘pause’ button to stop the timer and generate a timeslip for the work you’ve just completed.

Running timers will sync between FreeAgent’s desktop and mobile versions, so you can start a timer on FreeAgent Mobile and then stop it when you’re back on your laptop.

As ever, you can download FreeAgent Mobile for iOS and Android from the usual places:

Now, go make every second count!
Roan and the team at FreeAgent

FreeAgent Mobile: don't sweat your business health

Posted on 13 December 2016 by Roan Lavery - Jump to comments

We’ve recently released a stack of features for FreeAgent Mobile, meaning it’s simpler than ever to keep a finger on the pulse of your finances.

With FreeAgent’s ever-popular desktop Dashboard widgets now added to our iOS and Android apps, FreeAgent Mobile makes tracking your business health on the go a breeze. It’s a bit like a Fitbit for your finances, but with less sweating and grunting, hopefully!

Tax Timeline and notifications

We’ve included the ever-helpful Tax Timeline so you can see your upcoming important tax liabilities and when you need to file them.

Tax timeline

Even better, you can now enable notifications for Tax Timeline events, so you’ll never forget to file your VAT return again! You’ll be asked to enable notifications when you first use the app or you can set them up in Settings > Notifications.

If you have filed your return through FreeAgent you’ll see this marked on the mobile Tax Timeline and notifications won’t be sent out.

Profit & Loss

We’ve also introduced the Profit & Loss screen, which displays your year-to-date income and running costs for the business to FreeAgent Mobile.

Operating profit

Drilling down, you can see your operating and retained profit (or losses 😱 ) for the year, as well as your distributable profits, so you know how much you can safely take out of the business.

Cashflow

Finally, we have a new Cashflow screen which displays the total money coming in and out across all of your bank accounts in FreeAgent.

Cashflow chart

You can look back at three, six or nine-month views and even highlight specific months for more detail.

If you’re not using the FreeAgent Mobile iOS or Android apps then now would be a pretty good time to start:

Until next time,
Roan and the team at FreeAgent

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