Get accounting day-to-day tasks done quicker with FreeAgent and KeyPay
KeyPay and FreeAgent partner up to release a full end-to-end payroll and accounting experience, providing accountants, bookkeepers, and their clients with the ability to eliminate manual processes and streamline day-to-day tasks.
We get that it can get repetitive and tedious when uploading all your payroll details into your accounting system. It can be time-consuming and put you and your clients at risk for human error. On top of that, more time will be lost in identifying and resolving these errors, which affect the efficiency of your accounting and bookkeeping firm.
At KeyPay, we’re always seeking new ways to help you and your clients optimise work efficiency by doing away with unnecessary copying of paperwork and details.
We’re excited to announce our recent integration with FreeAgent, a cloud-based accounting software, making it easier than ever for users to sync payroll information with the general ledger and populate their FreeAgent accounts automatically!
What is FreeAgent?
FreeAgent is an award-winning cloud-based accounting software based in Edinburgh, backed up by NatWest Group. FreeAgent started with the recognition that there needed to be a better way for accountants and bookkeepers to deal with mounting piles of invoices, spreadsheets, and receipts. FreeAgent helps accountants and bookkeepers to manage invoices, expenses, time tracking, projects, and more. From humble beginnings in 2007, FreeAgent has grown to 200 employees, helping over 100,000 small businesses in 2022.
KeyPay is proud to integrate with industry-leading accounting software who shares the same interest to provide accountants and bookkeepers to streamline work processes and increase efficiencies. Through this integration, KeyPay partners can experience a full end-to-end accounting and payroll solution suited to their and their clients’ needs.
How does the KeyPay and FreeAgent integration work?
KeyPay users can now easily integrate payroll with FreeAgent to import the chart of accounts, and tax codes, as well as export the payroll journal to the general ledger.
“The KeyPay FreeAgent integration allows partners to securely connect their KeyPay and FreeAgent accounts to import the chart of accounts so that they can be used to automatically export the pay run journal back to FreeAgent. This saves time, removes room for human error, and makes your practice work more efficiently.”
- Product Owner, KeyPay
To benefit from this integration, KeyPay users will need to sign up for an account with FreeAgent. Once the account has been set up, it’s as simple as linking FreeAgent via the integrations section, mapping the chart of accounts, and then exporting the payroll journal to the FreeAgent general ledger once a pay run is finalised. This integration streamlines the entire payroll process, eliminating the need to export and import your chart of accounts, tax codes, and payroll journals.
How do this help accountants and bookkeepers?
With the KeyPay and FreeAgent integration, payroll data can be sent from the payroll software straight into the accounting software, eliminating the need for manual upload.
KeyPay simply produces a payroll journal that can be viewed and downloaded. This journal can be sent into the general ledger in FreeAgent, directly through KeyPay.
This ensures your payroll information is accurate and correct, preventing errors across the board and improving the efficiency of your business.
Some of the main benefits include:
- Accurate and correct data
- Preventing human error and eliminating costly mistakes, saving hours of time
- Improving the payroll and accounting process from start to finish
- Saving time to look into more productive business matters
- Submitting data in just a few clicks
- Improving the efficiency of your workflow
We love an integration that makes life simple for increasing efficiency and supporting growth for accountants, bookkeepers, and their clients!
To find out more about this integration, read the support article.
If you don’t yet have a KeyPay account (and are looking to simplify the pay run with FreeAgent), get in touch with us.