Invoicing and accounting software for small businesses

For the self-employed and small businesses, especially when starting out. Running your business and keeping track of clients and finances can be a headache and very time consuming. I was in the same boat, Then I came across online invoicing and accounting software. No more ugly spreadsheets or tables, No more keeping hundreds of receipts and invoices. Everything was done at my computer. I loved it!

There are now a wide range of different invoicing and accounting services with a lot of different features that can benefit you and your business. In this post I will outline my favourite ones. (free and paid)

HMRC are now encouraging businesses to file their tax returns online. Many invoicing and accounting software can assist you in the digital file keeping of receipts and transactions, some will even file your tax return for you. Submitting your tax return online can help get your tax returns filed more quickly, efficiently and more importantly saves you and your business time to focus on what really matters. Your business!

QuickBooks offers three tiers of their service:

–Estimate tax payments
–Complete HMRC self-assessment
–Sort business and personal transactions
–Auto-track mileage deductions
–Send unlimited invoices on the go
–Snap and store receipts
–Download bank transactions automatically
–Free mobile app

–Send unlimited advanced invoices on the go
–Snap and store receipts
–Download bank transactions automatically
–Free mobile app
–Calculate & file VAT — MTD Ready
–Manage CIS deductions
–Manage bills and payments
–Run payroll (+£1 per employee /month)
–Multi-currency support
–Track employee time

–Send unlimited advanced invoices on the go
–Snap and store receipts
–Download bank transactions automatically
–Free mobile app
–Calculate & file VAT — MTD Ready
–Manage CIS deductions
–Manage bills and payments
–Run payroll (+£1 per employee /month)
–Multi-currency support
–Track employee time
–Create budgets & purchase orders
–Manage stock
–Track costs by project, location or budget

Although Xero offers three different tiers of their products, every tier comes with their business essentials features:

One-stop dashboard | Automatic bank feeds | Making Tax Digital Ready | Automatic, secure backups | Integrate with 700+ apps | Access for unlimited users | Unlimited, free 24/7 support

–Send 5 invoices and quotes
–Enter 5 bills
–Reconcile 20 bank transactions
–Manage and submit VAT online

Extra’s you can add to your package:
Payroll: 3 Months FREE (usually £5/month) for up to 5 payroll employees + £1 for each additional employee/month.

Projects: £5 for 1 user/month + £5 for each additional active user/month.

Expenses: £2.50 for 1 user/month + £2.50 for each additional active user.

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