A Guide to Online Accounting Software
What should Online Accounting Software do?
- Allow you control over what payments enter and leave your business accounts
- Track and collect payments
- Automate billing
- Manage customers and suppliers
- Help you be organised
- Make bookkeeping easy!!!
There are many, many different online systems available on the Internet, which all vary dramatically in complexity and cost. Above all, make sure you choose a package that you understand and find easy-to-use, as well as one that is good value for money.
It is also worth noting that once you have your chosen system you may still need to hire an accountant to do your PAYE/NI, Income Tax, VAT, Corporation Tax etc. The pitfall here is that you may find that your accountant won't use what you picked... and instead of making bookkeeping easier, you have to do all your accounts again.
There is a simpler way to easy bookkeeping:
Crunch aims to create the new standard in online accounting software by combining secure, easy-to-use online system with a human element - access to your own personal accountant on the end of the phone.
This means that you have complete control over your finances but can leave the hard part (like PAYE/NI, VAT, Income Tax and Corporation Tax) to a professional.
Related Crunch Guides:
Should I start contracting?
Should I go Limited?
How to set up a Limited Company
Umbrella vs. Limited Company
Pros and Cons of being a soletrader
Standard rate VAT or flat rate VAT scheme
