Keeping accounts up to date and accurate is a vital part of running a small company, but, when it’s not part of the core business, owners tend to find it difficult in terms of motivation and execution.
That’s why accounting software packages are so popular. They make it easier for you to keep your accounts in good order, and will also help your accountant do your books at the end of the financial year quickly and more efficiently.
In no particular order, here are some of the many accounting packages on the market.
We use Sage One, which is software that has been designed for small businesses. Its cloud-based and will take care of your accounting and payroll needs, at the same time as helping you stay in line with UK taxes, regulations and laws.
This package is aimed at the self-employed and small businesses, helping you to keep track of expenses, invoices and transactions, with the capacity to help the self-employed complete their HMRC self-assessment.
An online solution for small business accounting, without the need to install any software and the consequent worry about upgrades.
AccountEdge is Mac-based software that will help you with all aspects of accounting including billing, sales, purchasing and contracts.
Whether you employ an accountant or do your own books, FreeAgent can help you keep on top of all aspects of your accounts wherever you are and whatever device you’re on.
In addition to basic accounting, with FreshBooks, small business owners can accept online credit card payments, and also invoice in any currency. Compatible with Mac and PC and works on all devices.
An accounting package to help you with your bookkeeping, covering double-entry accounting, bank reconciliation and financial statements, with the capability to import/export information.
Time-tracking software to help you keep your projects on time and on budget. It also integrates with other accounting tools.
Cloud-based accounting software package that takes care of your bookkeeping needs, connecting to your bank account and allowing you to monitor your cash flow.
An invoicing package that helps you deal with your payments, expenses, time tracking and team management.
Helps with all your basic accounting needs and gives you a real-time view of your cash flow from any device, allowing you to reconcile accounts at the push of a button.
Wave is free accounting software for invoicing, accounting and expenses, with pay-as-you-go services for payroll and credit card processing.
A simple package for small businesses, it calls itself “accounting software for business owners who dislike bookkeeping” and aims to make the process less painful.
Contact us if you are looking for an accountant or you wish to get advice on the most suitable accounting packages for your business.