Gravesend Accountants Recommended Accounting Software
If you’re self-employed, it’s important to have good accounting software. The best accounting software can help keep track of your money, give you reports that show where you stand financially and help you make smart decisions about how to invest or spend your hard-earned cash. There are many great options out there for the self-employed businessperson, but we’ve narrowed it down to five of our favorites: Quickbooks Self Employed, Wave Accounting, FreshBooks, Xero and FreeAgent (all of which are available on this page). We’ll also tell you about Sage 50cloud accounting as well as Kashoo.
Quickbooks Self Employed
QuickBooks Self-Employed is a comprehensive accounting solution for small businesses and self-employed professionals. It offers a range of features to help you manage your business, including:
- Establishing a new business
- Tracking expenses
- Creating invoices, estimates, and bills
- Keeping track of time spent working on projects
You can also use this software to pay employees, create estimates for clients or customers, create estimates/invoices from templates (if you don’t want to create them from scratch), send bills electronically with the bill presentment feature (bills will look like traditional paper bills), track mileage when driving for work purposes using the mobile app; use QuickBooks Connector (a third party tool) to import data into QuickBooks Online or Desktop.
Wave Accounting is a cloud-based accounting solution designed for small businesses and freelancers. It has a free 30-day trial, which can be helpful if you’re not sure whether Wave will work for your business. The interface is simple, making it easy to navigate and use. Wave Accounting has an inventory feature, which can help you keep track of your supply levels. It also has a mobile app for iOS and Android devices that allows you to access your data anywhere.
Wave Accounting integrates with QuickBooks Online, making it easy to import data from other accounting systems into Wave. The software allows you to set up recurring invoices, which is helpful for recurring clients. You can also set up automatic deposits from your bank account, so Wave Accounting doesn’t charge any fees for this service.
You can’t go wrong with FreshBooks. This cloud accounting software is available in both free and paid versions, so you can see what it’s all about before committing to the £5.50/month, £9.50/month plans or £15/month. The free version has some limitations regarding what you can track and how many users you can manage, but it’s enough for most of your small business needs. The paid version offers more advanced features like invoices, estimates and sales receipts as well as unlimited support for multiple users on one plan (which is great if you have a team).
The interface is simple and intuitive, making it easy to get started right away even if this is your first time using accounting software. It also comes with plenty of helpful tutorials that explain everything from setting up accounts to getting started with payroll processing—if there’s something specific that confuses you or doesn’t make sense at first glance, chances are good that there’s already a tutorial explaining that exact topic somewhere in this program!
FreshBooks‘ customer service representatives are well-trained in helping users navigate their way through any technical difficulties they might run into along the way; I’ve been using their services for years now without ever having any problems getting someone on the phone who could help me figure out how to do something new without going step by step through every single thing I tried doing just so they could see where things went wrong!
Xero Accounting is a cloud-based accounting software that can be used for small businesses, freelancers and accountants. It offers time tracking, invoicing and payments. It’s free for up to five users, but there are additional plans that range from £14 per month all the way up to £36 per month for unlimited access.
The software is easy to use and offers a variety of features, including multiple currencies. It also supports integration with QuickBooks, which means you can import your data into Xero. The mobile apps are free for iPhone and Android users. Xero is available in more than 130 countries and has over 300,000 users worldwide. It also has a very active user community that offers plenty of tips, tricks and advice on how to get the most out of the software.
FreeAgent – Free Accounting Software
FreeAgent is a cloud-based accounting software that’s best for small businesses. It’s free for small businesses if you have bank accounts with NatWest, Royal Bank of Scotland, Ulster Bank NI for as long as you retain your bank account – or have a business account with Mettle. and there are no setup fees or minimum usage commitments. Once you’ve signed up, you’ll be able to access your data from anywhere with an internet connection—which is especially helpful if you work remotely.
FreeAgent is also one of the better choices if you want to use a cloud-based system: The company provides unlimited bookkeeping support, so questions about how to use their software can be answered easily by phone or email (even on weekends).
One thing to keep in mind: If your annual revenue goes above £500K ($650K), FreeAgent will require payment of £5/month ($6) per user after the initial 30 days are over.
Sage 50cloud accounting
Sage 50cloud accounting is a great option for small businesses. It’s easy to use, but has a lot of features that can help you grow as your business does. It’s also very affordable and provides a lot of value for the price.
Sage 50cloud accounting lets you create invoices, handle payroll, track expenses, manage inventory and much more—all in one place! This software comes with an integrated credit card processing service so you don’t have to worry about setting up payments from your customers until later on in your business.
Kashoo – Simple Accounting Software
Kashoo is a cloud-based accounting software designed with small businesses and freelancers in mind. The platform offers bookkeeping, invoicing and reporting capabilities along with financial management and tax support.
Users can integrate Kashoo with over 20 payment gateways including Stripe and PayPal to accept online payments. They can also set up payment terms for their clients as well as automate recurring invoices from the app’s inventory feature (which allows you to track your assets).
If you’re looking for an affordable solution that allows you to manage your finances while staying on top of taxes, then Kashoo is worth considering.
There are a lot of great options for your bookkeeping needs.
There are a lot of great options for your bookkeeping needs. Most of these software packages are cloud-based, which means they can be accessed from any computer with an internet connection. Some are better suited to managing small businesses while others can handle larger companies.
Some programs offer more robust accounting features than others, meaning they’re better at handling cash flow management, budgeting and forecasting. Others provide more detail on invoicing and expense tracking so that you don’t have to manage this manually (or at least not as much). Some also include payroll services so you don’t have to hire an accountant for this aspect of your business either.
And there are even some platforms that specialize in one thing: invoicing or bookkeeping—but not both—to make sure all the bases are covered without having too many bells and whistles that might confuse users who aren’t used to using them yet.
Conclusion – Best accounting software
The great thing about self-employed accounting software is that there are so many different options available to you. Whether you’re looking for a simple solution or something more comprehensive, there’s bound to be something out there that fits your needs perfectly. We hope this article has helped give you some insight into what makes each program unique and how they can help make your life easier when it comes time to do your bookkeeping chores!
Clayton Stirling has been accountants in Gravesend for over 25 years so we are trusted and working professionally with businesses all over Kent and the UK, so get in touch with us now!