Anna Money

Established to address the administrative challenges faced by small business owners and freelancers, ANNA Money provides a comprehensive solution that merges traditional banking services with modern financial management tools. Users can open a business account swiftly, gaining access to features that assist in daily financial operations and long-term fiscal responsibilities.

One of ANNA's standout features is its invoicing system, which allows users to create, send, and track professional invoices directly through the platform. This integration ensures that payments are monitored in real-time, reducing the manual effort required to manage receivables. Additionally, ANNA's expense management tools enable users to categorize and record expenses efficiently, aiding in accurate bookkeeping and financial analysis.

Key Features & Specifications

1. Business Account Services:

   • Debit and Virtual Cards: Users receive an ANNA debit card upon account setup, with the option to generate virtual cards for immediate use. These cards facilitate both domestic and international transactions, supporting business expenditures seamlessly.
   • Cashback Offers: ANNA provides up to 40% cashback on select spending categories, offering businesses potential savings on routine expenses.
     
   • Money Management Pots: The platform allows users to organize funds into designated pots, aiding in budgeting and financial planning. This feature ensures that specific funds are allocated for particular purposes, such as tax payments or upcoming projects.

2. Invoicing and Payments:

   • Professional Invoicing: Users can create, send, and track invoices directly through the platform. The system notifies users when invoices are viewed and paid, providing transparency in the payment process.
   • Instant Payment Links and QR Codes: ANNA facilitates quicker payments by generating unique payment links and QR codes, simplifying the payment process for clients.
   • International Payments: With a dedicated IBAN, businesses can send and receive international payments, expanding their operational reach. Currency conversion fees start from 0.5%, making cross-border transactions cost-effective.

3. Expense Management:

   • Expense Categorization: The platform automatically categorizes expenses, simplifying the bookkeeping process and ensuring accurate financial records.
   • Receipt Scanning: Users can upload receipts directly to the platform, where they are stored securely and linked to corresponding transactions. This feature reduces the risk of lost receipts and ensures compliance during audits.

4. Tax Services:

   • Automated Tax Calculations: ANNA calculates VAT, Corporation Tax, and PAYE based on transaction data, providing real-time insights into tax liabilities.
   • Direct HMRC Filing: The platform supports direct filing of VAT Returns and other tax documents to HMRC, ensuring timely compliance and reducing the administrative burden on users.
   • Bookkeeping Assistance: ANNA offers tools to assist with both cash and accrual basis accounting, catering to different business needs and ensuring accurate financial reporting.

5. Integration and Connectivity:

   • Bank Account Integration: Users can connect external bank accounts to ANNA, consolidating financial data into a single platform for comprehensive financial management.
   • E-commerce Integration: The platform integrates with popular e-commerce platforms like Shopify and WooCommerce, allowing businesses to synchronize sales data and manage finances seamlessly.
   • Accounting Software Sync: ANNA syncs with accounting software such as Xero and Sage, ensuring that financial data is consistent across platforms and reducing manual data entry.

6. Document Management:

   • Secure Storage: The platform provides a secure environment to store business documents, ensuring that essential records are accessible and organized.
   • Digital Document Management: Users can manage documents digitally, reducing physical paperwork and streamlining administrative processes.

7. Customer Support:

   • 24/7 Support: ANNA offers round-the-clock customer support based in Cardiff, with an average response time of under 50 seconds, ensuring that users receive timely assistance when needed.