The Australian sole-trader accounting system now makes provision for its users' accountants.
Rounded is a cloud accounting system designed specifically for sole traders, including freelancers and participants in the gig economy.
While it has been well received, one shortcoming that discouraged some potential users has been the inability to share data with their accountants without exporting it as a spreadsheet or disclosing their log-in credentials.
But the company has now filled that gap with the introduction of Rounded for Accountants, a free service that provides accounting professionals with read/write access to their clients' data.
“The new portal gives accountants the access they need to ensure that their clients’ financial records are accurately filed, and the ability to amend as required when edit access is granted,” said Rounded chief operating officer and co-founder Oliver Garside.
“Like other small businesses, sole traders still need to be able to lodge their BAS or tax return in an accurate way, and the ATO has signalled its intention to focus on the gig economy going forward. Our software differs from larger competitors in providing only the features required by sole traders and freelancers with a price point to reflect that.”
Garside added “Providing the accountant portal at no cost is a win-win. Our Rounded clients are able to share their data with their financial professional without having to sign up to larger and more expensive accounting packages, while accountants with access are able to market their services free of charge to this growing segment of the workforce."
Rounded is developing an accountant referral program and intends to investigate ways of maximising the product's functionality for accountants.
Accountants can sign up for Rounded for Accountants on the website.