Run your business

Easily track your financial performance, issue invoices and manage expenses

Save time

Automate business tasks while you focus on what you do best

Simplify your tax

Prepare and submit your VAT return directly to HMRC

Try it free for 3 months

Sign up now and try Business Finance Assistant free for 3 months. There’s no obligation, but if you like it, it’s only £5 per month thereafter.

Sign up now
  • What if there was an easier way to send invoices, track sales, stay on top of your cash flow, submit tax returns and see all your profits, so you can get on with growing your business?

    Welcome to Business Finance Assistant: an online tool that lets you see your banking and accounting, all in one place.

    It gives you total visibility of your business finances, from incomings to outgoings. And you can even see if you’ve made any profit during the month. Which means you know precisely how your business is performing, what works well and what may need some attention.

    A really helpful feature is the Recent Activity Summary. It provides an overview of all your recent transactions which are automatically categorised.

    With Business Finance Assistant, you’ll no longer need to record expenses by hand on spreadsheets. Simply upload a PDF or photo which will be automatically recognised and saved.

    It’s so easy to create invoices and quotes too. Invoices are fully customisable with helpful automated notifications when client invoices are overdue. Once paid, the invoice and its payment are instantly reconciled, so you can get on with running your business.

    The Cash flow forecast makes it easy to understand your financial position so you can make better decisions.

    What’s more, the forecast is fully adjustable so you can make it more and more accurate, so you always know where you’re headed.

    Even better, when it’s time to file your VAT return, most of the hard work is already done for you. Business Finance Assistant calculates VAT owed and connects straight to HMRC so you can save time by submitting your return digitally.

    Last but not least, you can even share access with others, including your accountant. And what’s great is you control the access permissions.

    Ready to get started?

    It couldn’t be easier.

    If you’re already registered, just add your Lloyds Bank account using our secure Open Banking, then add your accounts from other providers.

    If you’re not, it takes less than 5 minutes to register and there are videos and webinars to help you get started. 

Features and benefits

  • Digital VAT submissions. Ready for Making Tax Digital.
  • Allow access to an unlimited number of users, including your accountant.
  • All of your accounts, including those with other providers, can be viewed in one place.
  • Forecasting cash flow to identify potential shortfalls in advance.
  • Customise and issue professional-looking quotes and invoices.
  • Photo-capture and store your receipts and expenses.
  • Auto-categorise your transactions across your business accounts.
Proft and los, for last 12 months. £100,000.00 income, £90,000 expense and £10,000 profit.
Cashflow forecast, for November 2021 through to February 2022. £16,000 income, £10,650 balance and £5,350 outgoings.
  • Business Finance Assistant is available for all Bank of Scotland Business customers. You will need to be registered for Business Internet Banking or Commercial Banking Online to continue using this product beyond the trial period.

    Public limited companies are not currently eligible.

  • Try our service for the first 3 months for free via our introductory offer. After this, we will introduce a service charge of £5 per month.

    The tool is currently aimed at businesses who trade within the UK; VAT functionality (e.g. reverse charge) for businesses who buy or sell internationally is not currently available in the tool but is being developed; therefore, businesses that buy or sell internationally should not use the tool.

    To apply we need:

    Your sort code and account number.

    Please find our terms and conditions here.

Making tax digital

The Government now requires digital submissions for tax information. Understand how Making tax digital impacts you.

Learn more about making tax digital

Existing customers

If you are already registered for Business Finance Assistant you can log on here. We also have how to videos, webinars and FAQs available to help you get started and make the most of your account.

Log on

Help and FAQs