We’re really excited about our latest feature update because we get to combine some of our favourite things. Firstly, it helps you reduce the amount of time you spend on business admin, and secondly, because it relates to our existing Companies House integration it means we get to do some puns about ‘being in good company’. We couldn’t be happier.
Integrating with Companies House to speed up your business admin
Our integration with Companies House is already a pretty impressive time-saving feature, even if your business isn’t a limited company.
Take our Customers and Suppliers features, for example. When you start creating a new customer or supplier profile, Pandle automatically checks the information against Companies House, and shows you a potential list of matches.
If you’re entering information for a limited company, you can just select the right one from the list, and let Pandle populate the data for you. But now we’ve taken it a step further.
Automatically update Pandle when you add directors at Companies House
If you have a limited company and add a new director on Companies House, Pandle will now detect this and automatically add a Director’s Loan Account (DLA) for that person. You’ll be notified when they’re added too, keeping you up to date with everything happening in your account.
Pandle will check for updates first thing every morning, so not only will you be in good company with your new director (ha, we said it), you won’t have to lift a finger to add them.
How the magic happens
When limited companies’ set-up their Pandle profile, our Companies House integration helps make the process faster by importing information through to your new account. Now Pandle will continue checking your profile against Companies House, and detect any new directors as they are added.
If the director doesn’t already appear in Pandle, a director’s loan account will be created for them automatically.
What if a director leaves the business?
Don’t worry! We know that the information in a DLA is essential to keep hold of. If a director leaves your limited company and is removed at Companies House, Pandle will continue to keep their DLA, so you won’t lose anything critical.
After all, that would really complicate things and if there’s one thing we aim for, it’s to make bookkeeping as simple as possible.
Ready to get started with Pandle and make company finances a breeze? Find out more about our timesaving bookkeeping features, or talk to one of the team using the Live Chat button on screen.