Introducing MyPractice

MyWorkpapers and Mercia have announced the launch of MyPractice – an innovative cloud-based compliance platform, available to UK firms of accountants, with additional content also available for international audit firms.

MyPractice brings the best of Mercia’s compliance content for accountants to a tried-and-tested cloud platform developed by MyWorkpapers.  At launch, MyPractice will feature digital versions of three of Mercia’s popular workpapers packs:

UK

• Year-end accounts packs for limited companies and unincorporated businesses
• Personal tax pack

International

• Mercia International Audit Manual pack

These three packs will soon be joined by more that are currently in the pipeline as MyPractice goes on to house next generation solutions for accountancy practice compliance needs in areas including monthly management reporting, grant claim work, general practice procedures and workflows, anti-money laundering procedures, and more.

MyPractice users will see a wide range of benefits, including improved team collaboration, the ability for managers to oversee tasks more effectively and a reduced risk of error.

On top of that, they will also enjoy the inherent remote working and practice resilience benefits that come with cloud-based technology that can be accessed at any time from anywhere an internet connection is available.

MyPractice will be an essential tool to assist in the transition to a digital new normal, with Mercia and MyWorkpapers bringing also their extensive expertise to MyPractice implementation and support.

Rich Neal, CEO at MyWorkpapers, said: “MyPractice brings together the UK’s best-known accountancy content and training provider with innovative cloud-based technology from MyWorkpapers.

“The combination of Mercia’s content expertise and MyWorkpapers’ tried-and-tested cloud technology is set to transform the way practices across the UK work, in turn improving client service and profitability.”

Nicola Hurley, Managing Director at Mercia Group, added: “We have always been advocates of innovative solutions for accountancy practices.  MyPractice is a great opportunity to embrace digital transformation and provide cloud-based accountancy and compliance workflows for the digital age.

“With the expertise and innovation of Mercia and MyWorkpapers powering the platform we hope we have created an online practice environment where firms can work efficiently and collaboratively, whilst ensuring and improving their compliance.”

MyPractice features integrations with Quickbooks. Xero, Office 365 and mapped CSV extensions enabling it to slot seamlessly into firms’ existing accounts production ecosystem.  More integrations are being added.