Gain clarity and transparency on your cashflow, profit, and estimated tax position and manage invoicing with My Business Finances, in partnership with Ember.
Spark smarter cashflow with My Business Finances, so you can focus on what matters. Access invoice generation, automatic spending categorisation, estimated profit, loss and tax reports, and a single view of your finances.
About My Business Finances
HSBC UK is always looking for ways to support our customers’ growth. We’ve partnered with the fintech Ember (an accounting software provider authorised by the FCA) to empower eligible small business owners with a set of financial insights tools that provide enhanced business cashflow visibility.
Login to your Business Internet Banking and sign up to My Business Finances today at no additional cost.
Key benefits
Single view of accounts
Save time by tracking your cashflow across all of your eligible HSBC and non-HSBC business bank accounts
Valuable insights
Gain insights and access to a range of reports that help you make tailored decisions for your business
Save time
Works for you by simplifying and automating some of the more time-consuming accounting tasks
Less jargon, more cashflow
Say goodbye to trusting your tax and admin tasks to paper and memory - My Business Finances can help you avoid any late-filing penalties with HMRC by showing you reminders for high priority financial and tax tasks tailored for your business. The tools help you cut through the world of jargon by breaking down what you should be paying and why.
The calculation tools can help you understand your estimated tax and business income at any time, for peace of mind on where you stand.
Get an estimation of dividends to see what may be available to withdraw from your business.
Your dashboard includes a useable cash report, profit and loss report, potential corporate/income tax report, and helps you estimate income tax liabilities or the profits you can put back into your business.
Profit and loss report
See real-time details of your business finances equipping you with the data you need to make informed business decisions.
Self assessment report
Estimate how much personal tax you may have to pay at the end of the financial year, allowing you to plan and be ready when it's time to file your annual tax return.
Dividends available report
Keep on top of your cashflow by knowing exactly what your business owes and when. Estimate how much useable cash is available for your business at any given point. The report includes a clear breakdown of how this has been calculated.
Invoicing tool
Generate and send invoices in just a few clicks. Simply select your client and add the products/services you provided. Ember will assign the invoice numbers and calculate prices and VAT.
My Business Finances, brought to you by HSBC UK in partnership with Ember (an accounting software provider) helps business owners stay on top of cashflow, tax and profitability with a set of new tools. It is provided at no additional cost for eligible HSBC UK customers and available directly within Business Internet Banking.
Digital tools in your My Business Finances dashboard include: transaction categorisation, invoicing, financial report tools (corporation tax report, dividends available report, and profit & loss report), and reminders of key tax and finance dates for your business. New tools will be added as functionality grows in My Business Finances.
The My Business Finances service is available to existing business banking customers registered for HSBC UK Business Internet Banking. It is designed to support Primary Users of Sole Trader or Limited Company customers only.
To help you track how your day-to-day transactions may impact your tax and cashflow position, My Business Finances automatically suggests categories for them. You can review these categories, add extra information, and upload receipts to stay on top of your finances.
Yes. My Business Finances can help you be ready for HMRC’s digital tax requirements, known as Making Tax Digital, by setting you on the right step towards digitising your business accounts. And say goodbye to trusting your tax and admin tasks to paper and memory – My Business Finances can help you avoid any late-filing penalties with HMRC by showing you reminders for high priority financial and tax tasks tailored for your business. The calculation tools can help you understand your potential estimated tax and business income at any time, for peace of mind on where you stand. HSBC UK does not offer tax advice.
Yes. My Business Finances includes a ‘dividends available' feature, helping you get an estimation of dividends to see what may be available to withdraw from your business.
Yes. My Business Finances includes a ‘dividends available' feature, helping you get an estimation of dividends to see what may be available to withdraw from your business.
