Announcing Built Payroll, Vendor Pay, POS and Subscriptions
We are happy to announce the release of Built Payroll, Vendor Pay, POS and Subscriptions features on our accounting and finance software. These features are part of the product roadmap we have designed to automate bookkeeping and cash flow management for small business owners to ensure that they have enough time to focus on their core business operations.
We know the hassles of running monthly payroll…putting an end to work and running all over the place to compute taxes and social security contributions. Also, sending numerous documents to the regulatory bodies for validation. And last but not the least, sending payments to the various bank accounts of your staff. With Built Payroll, you will just have to enter in your employees’ info and their salaries and:
- Employee taxes such as PAYE, Bonus tax, Overtime tax etc will be automatically computed
- Social Security contributions such as Tier 1 and Tier will be automatically computed and deducted
- Employees get a Portal where they can view, print and download their payslips. They can also access financial services such as loans, savings and rent advance payments
- You can pay your staff with just a click and they will get it in their local bank accounts
For businesses running shops or storefronts, there is the need to have a faster way of recording sales transactions whiles the backend operations carry out other activities within the same application. Also, many times, we had a hard time getting POS and accounting systems to work seamlessly. We have released a POS feature to solve this problem.
Your sales taxes (VAT) can be automatically attached to products so you can get tax report for filing at GRA.
Gone are the days when you will have to write a cheque, deposit it and wait for it to clear before your vendor gets their payment. Now, with Vendor Pay, all you need is to enter the bank or mobile money details of the vendor and you can do a payment that reflects directly in their accounts instantly. It’s that easy. This adds to our already existing feature that allows businesses to accept payments from their customers from any country and get settled in their local bank account.
Lastly, we have introduced subscriptions to ensure that customers who need certain specific support get them. Though there is still a free plan, we have designed this package to enable us focus on businesses that actively use Built and provide them more value. For instance, now a business owner can get a virtual accountant to assist on all their bookkeeping and accounting duties remotely. This is even more important in this era of COVID19. We have provided a free 30 days trial for all users of the application after which they will be downgraded to the free plan. Those who need certain features can then subscribe to them.
We look forward to more product features that make bookkeeping and accounting simpler and easier for SMEs. If you need any feature, you can email us at [email protected] and we will add it to our product roadmap. If you are yet to sign up, get started at https://app.builtaccounting.com/register or call.