June 12, 2017

Accounting made easy – 1&1 offers online solutions for small businesses

1&1 (www.1and1.co.uk) is expanding its range of back-office solutions for small and medium-sized businesses (SMB) with software for digital invoicing and accounting. 1&1 Online Accounting automates accounting with state-of-the-art technology based on artificial intelligence that helps customers with complex tasks. With just one tool, revenue and expenditures, financial status and customer management, as well as communication with your tax consultant can be easily organised. Furthermore, all customers benefit from 24/7 support for any questions.

“Accounting is one of the most time-consuming activities that a company has to conduct,” says Robert Hoffmann, CEO 1&1 Internet SE. “As a partner for companies, with 1&1 Online Accounting we are revolutionising the way small businesses will handle their accounting in the future. Thanks to artificial intelligence and a machine-learning system, tasks and processes are automated and directly connected within the system. This makes accounting easier and more understandable than ever before!”

1&1 is the first web hosting provider in Europe to offer such a software-as-a-service solution for bookkeeping. sevDesk, our technology partner, has pioneered the development of intelligent software dedicated to the needs of small businesses. In collaboration with our technology partners, the processing and storage of data takes place in European data centres which adhere to strict European privacy regulations.

Keep track of your orders – at any time and at any location

Many small businesses still use standard word processing programs for their accounting. The disadvantage: every quote and invoice has to be created, recorded and tracked separately. With the 1&1 Online Accounting tool, which is accessible anywhere via web browser or mobile app, users can efficiently organise their customers digitally and connect separate quotes and invoices. This allows users to create invoices from quotes and send them out immediately. Via an online banking interface, 1&1 Online Accounting records which bills are settled and which are still open – reminders can then also be generated automatically and sent with just one click.

Accounting made easy – also for the tax advisors

For those who do the accounting on their own or who would like to make their tax consultant’s job easier, 1&1 Online Accounting offers additional features: The app allows you to scan documents, automatically save them into certain categories and archive them digitally. All revenue and expenditures, as well as the current financial status are thereby available at any time.

Customers working with a tax consultant can set up a separate access point and provide them with postings and receipts via a DATEV interface. Keeping receipts in a shoebox is therefore a thing of the past. If legal conditions change, they are automatically updated in the system – so the user is always working on the basis of current guidelines.

Start now: packages at a glance

1&1 Online Accounting is available in three different packages. The basic package for quotations and invoicing is available from £4.99/month, the solution with additionally integrated accounting starts from £9.99 /month. For customers who require an inventory management function, we recommend the “Inventory Manager” package, which is available from £19.99/month. In addition to all other functions, users of this package can maintain their own inventory and store specific supplier and customer prices. Detailed information on 1&1 Online Accounting can be found here.

More information about digital success can be found in the 1&1 Digital Guide.