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.
Why choose QuickBooks for small businesses?
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:
- By managing your accounting online, you can save time and share information quickly with your accountant.
- All data is accessible whether on your computer or mobile device this helps you manage your cash flow better.
- You can create and send invoices easily, track whether they have been paid.
- You can integrate with partner apps to offer your customers more ways to pay their invoices, GoCardless, PayPal and Direct Debit cards.
- All expenditures are automatically categorised to make it easier when you do your tax return.
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