A SWINDON firm is one of the first UK accountancy practices to offer an innovative internet book-keeping service.

Old Town-based Monahans is to offer its clients the iCash business accounting system which has been developed by leading accountancy software developers, IRIS.

Monahans says it will revolutionise the way in which future accounting records are kept by their clients.

Businesses will enter their business transactions over the internet into their own individually set-up cash books.

The software has been designed to be easy to use, with screens that resemble bank statements for data entry. The transactions are then submitted directly to Monahans' system for processing.

It is especially suited to smaller company clients who will benefit from seven-day, 24-hour advice from their accountant and clients who need to keep up to date business records while working anywhere in the world.