If you’re looking for a new accounting software to help you manage your business finances, it’s important to choose the right one. This can make all the difference in getting you compliant and ready for tax returns, while helping you grow your business.
When choosing the best accounting software for your needs, look for features that streamline financial processes and present comprehensive reports and charts in a few simple steps. Also, consider if the software supports international transactions and currencies.
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Sage Business Cloud Accounting
Sage Business Cloud Accounting is an easy-to-use accounting software that helps small businesses streamline their accounts and bookings. It also enhances their cash flow by automatically creating, sending and tracking invoices.
This cloud-based solution empowers small businesses by freeing them from admin with clever features built around their unique workflows and online accountancy services. It enables users to collaborate securely and share real-time access with team members or accountants.
The software offers a variety of reports and has an online community to get help from experts, as well as live chat reps. It also includes a dashboard that shows all your transactions in a colorful graph format.
It also has automated A/R and A/P functions that keep you abreast of which customers owe you money and how much they owe you. It also shows you when your bills are due, which is critical for managing your cash flow.
Zoho Books
Zoho Books is an online accounting software that offers a range of features and benefits for businesses of all sizes. The software allows you to create invoices and estimates, manage accounts and bank accounts, and customize your customer portal.
The software also supports multi-currency transactions, allowing you to charge your clients in their preferred currency. In addition, it allows you to track expenses and convert them to invoices.
You can also track time, which is especially useful for service-based businesses that rely on billable hours. Its timesheet module includes a customer approval feature to make sure that your work was completed on time and within budget.
If you’re new to Zoho Books, you can get started with a 14-day free trial. During this period, you can try out the software with actual business data to see how it works before making a commitment. You can also access Zoho’s self-service documentation center, which includes guides, tutorials and videos.
FreshBooks
FreshBooks is a popular cloud-based accounting software that serves many businesses, including marketing, legal services and business consulting, trades and home services and information technology (IT). It offers a wide range of features, including invoicing, tracking expenses, reporting and payments management.
Users can track and log all expenses in one place, importing the data directly from their bank accounts or by snapping a picture of a receipt. They can also transfer timesheet data to invoices and collect payments more quickly.
The software offers a mobile app for both iOS and Android devices, as well as a web version that can be used on any browser. It also syncs across devices, so you can access it anytime from anywhere.
FreshBooks also supports multiple languages and currencies, making it an ideal choice if you work with clients in different countries. In addition, it offers phone support on weekdays 8am to 8pm ET and email support, which is usually answered within 90 minutes.
Kashflow
Kashflow is an accounting software that’s particularly geared towards small businesses. It’s been designed to help business owners understand and gain total control over the financial facets of their business, so they can spend more time doing what they do best, rather than trying to keep up with accounting software that uses jargon or complicated processes.
It also features excellent UK VAT support, with options to handle EC sales, CIS, and self-assessment. Lastly, KashFlow allows users to submit compliant returns electronically to HMRC and track their liability in real-time.
The software’s UI is well-organized, but it can be tricky to navigate and link things like payments to invoices. It can also sometimes glitch, so it’s a good idea to familiarize yourself with the various levels of the platform before you start using it.
Despite these drawbacks, KashFlow has a lot to offer UK business owners. It’s a great choice for UK businesses looking for an affordable and comprehensive accounting solution.