London, England -- (SBWIRE) -- 05/19/2016 -- The UK has guidance in place for all accounting practices, also known as Generally Accepted Accounting Practice in the UK, or GAAP. However recent updates to the guidance could have a big impact on certain business sectors such as construction and property. A new single standard has been issued to replace the GAAP, known as FRS102.

The amendments should not cause much disruption for the most part, however concerns are being raised within the construction industry due to the nature of the business and in particular, the impact of the new rules on their liabilities and assets.

The rules will affect non-basic financial arrangements such as loans, loan rates and accompanying terms and conditions which will be recognised on balance sheets with a thorough record of profit and loss, which will undoubtedly cause issues within the sector. It is of great importance to consider the impact of the new rules well in advance to alleviate any potential flaws with the plans, particularly in relation to banking covenants.

A spokesperson for Atkinsons Chartered Accountants commented "The replacement of GAAP practices with the FRS102 will bring many benefits and iron out previous flaws with the guidance, however, the new rules will impact on some sectors more than others. This needs to be considered prior to the rollout to ensure everyone is happy and not affected negatively."

About Atkinsons Chartered Accountants
Atkinsons Chartered Accountants provide an extensive selection of bespoke business accounting solutions for all kinds of UK businesses. For more information, please visit their website: www.atkinsons.uk.com

PR Contact

Atkinsons Chartered Accountants
The Innovation Centre, Innovation Way
Heslington, York, YO10 5DG
Telephone: 01904 567867
Website: http://www.atkinsons.uk.com/

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London, England -- (SBWIRE) -- 02/23/2016 -- Recent reports have drawn attention to the considerable fall in profits suffered by the oil giant BP. Its fourth quarter as in addition to its full-year results have been released, drawing attention to a 51% fall in profits last year to $5.9 billion from $12.1 billion. Such a significant profitfall shows the unpredictability of financial markets and could be seen as a forewarning to other businesses. The scale of the loss and how it was not anticipated by some, speaks of a need for improved accounting practices to be in place – in order for other businesses to avoid such significant impact to their finances.

It is thought that BP has been particularly badly affected because of their industry; aggravated by falling oil prices and changing international relations. However, the sharp fall and its embarrassing revelation could have been addressed more effectively if better accounting had been present; as at least could have offered a substantive method of planning and budgeting for the future. A prime example of a provider acutely aware of the importance of quality accounting to businesses in the modern marketplace is Atkinsons. They are frequent commentators in industry news and a spokesperson had this to say:

"BP's recent massive losses highlights that even the biggest firms can be hit by financial strain. That is why it is essential, whatever your business sector, to seek the services of a reliable accountant. With factors of turbulence affecting the economy – including the weather, European negotiations and trade agreements – you need to ensure your business budget can respond to these effectively."

About Atkinsons
Atkinsons is a chartered accountants company, based in York but working with clients across the country. For more information you can visit their website: http://www.atkinsons.uk.com/services/

PR Contact
Atkinsons
Phone: 01904 567867
Fax: 01904 352405
Address: The Innovation Centre, Innovation Way, Heslington, York (YO10 5DG)
Contact Person: Peter Atkinson
Email: peter.atkinson@atkinsons.uk.com
Url: http://www.atkinsons.uk.com/services/

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm

London, England -- (SBWIRE) -- 12/17/2015 -- This week saw a special day at budgeting and cashflow forecasting software company, Calxa. Reaching the $1million target of software donated to not-for-profit organisations sees the company celebrating an important milestone.

CEO Mick Devine declares "When we made our pledge four years ago, we didn't realise how soon we would fulfil our target. Knowing that hundreds of organisations are making significant inroads in cutting the burden of reporting and achieving better governance is a great feeling."

York accountants Atkinsons are partners with Calxa and use their software to help owner managed, and family businesses with better financial reporting. "We are the first partner in the UK with Calxa and are thrilled that they have reached this milestone in such a short time", said Peter Atkinson of Atkinsons.

Examples:
"Many of our clients can make better informed decisions based on accurate and detailed trading and cashflow forecasts. Using Calxa enables them to remain agile in a competitive environment and plan ahead in a difficult economic climate."

"Calxa saves many hours of administration time and using Calxa enables business owners to make better informed decisions. The reports produced are dynamic and make a considerable difference when planning ahead and measuring against ptlans."

Calxa reached its target this week with their donation toa small community organisation that delivers meals and provides social services to the frail and elderly in Australia. Services co-ordinator, Vicki Love, says, "As a small organisation we welcome any assistance we can get and I really think that Calxa will make a difference to our treasurer and make it easier to meet our reporting needs."With fewer resources available than their larger counter parts,grassroots organisations reap the productivity gains from using Calxa.

Peter Atkinson further explains, "Linking directly to their underlying accounting system, organisations are looking to improve the way they work. Having access to automation that replaces tedious spreadsheet tasks not only saves time, it sets the foundation for better decision making."

About Atkinsons
Atkinsons are a York based accountancy practice working with owner managed and family businesses; delivering solutions to help those businesses succeed.

As a family business themselves,with experience of working in senior business positions, and coming from a big 4 accountancy background, they are uniquely placed to offer solutions that work.

The firm are Gold partners with Xero, the leading cloud based accounting software provider, and the fist partners with Calxa outside of Australia.

About Calxa
Voted "Most Outstanding Software for MYOB", Calxa Australia delivers the leading budgeting and cashflow forecasting software for owner managed businesses and not-for-profit organisations throughout Australia and New Zealand. They are now expanding their business around the world. The Calxa software integrates with accounting systems such as Xero and MYOB, producing error-free reports quickly and easily. The company's headquarters are located in Townsville, Queensland, Australia.

Media contact
Peter Atkinson
Atkinsons
Email: peter, Atkinson@atkinsons.uk.com
Web: http://www.atkinsons.uk.com/
Tel: 01904 567867

For more information on this press release visit: http://www.releasewire.com/press-releases/release-3.htm