We continue with our series of blogs about different accounting software that is available to small businesses. We do not have a specific bias to any one type of software.
Our clients choose the software that’s best for them, and then we can support them with set-up and ongoing use.
If you don’t already use accounting software, then we hope our series of blogs will help you to decide which one is best for you and your business.
QuickBooks online was launched in 2000, since then the features have been continually improved so businesses can speed up how they manage their finances and more importantly speed up getting paid. Like most accounting software all information is backed up in the Cloud, so you know that it is held safely and will comply with GDPR.
Some of the key features that are useful for businesses are:
Finally, QuickBooks even has an inbuilt automatic mileage tracking device that you can use on your phone. This helps you to claim business mileage more easily.
As you know the HMRC is Making Tax Digital so the sooner you start to use accounting software the easier it will be for your business to make the transition.
It is particularly important for businesses with a turnover above the VAT threshold (currently £85,000) as they must keep digital records for VAT purposes and provide their VAT return information to HMRC using MTD ‘functional compatible software'. To find out more about this read our blog – Tax Digital for Business.
If you would like any more information, please do get in touch by calling 01623 490120 or email This email address is being protected from spambots. You need JavaScript enabled to view it..
Haidee is our Personal Tax Director and is a fully qualified tax adviser, having achieved the ATT qualification in 2006. Tax efficiency being her main concern. Specialising in taxation, Haidee provides clients with advice on personal tax, PAYE services, VAT and social security. She also provides guidance to new start-up businesses.
Call us today on01623 490120
or email info@watsonk.co.uk
When you first start a business, your focus is usually on attracting customers, generating sales and building a successful company. Few business owners spend much time thinking about how or when they will eventually leave the business.
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