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SOFTWARE

 
 
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ACCOUNTING SOFTWARE

 
 

There are 4 ways to maintain your accounting records:

  • Manual (paper and pen);

  • Excel which is a spreadsheet that replicates manual records;

  • Integrated Accounting software such as Quickbooks, Xero, FreeAgent & SAGE.

 
 

INTERGRATED SYSTEMS

 
 
 

Integrated accounting systems are the way to go when your accountancy and tax requirements reach a certain level of complexity. This will often be the case if you act as a limited company and need a Balance sheet or where you are VAT registered. I am happy to advise what software you will need now and when it is time for you to move on to something else.

 
 
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EXCEL

 
 

Excel is MTD compliant however will not easily cope with more complex issues such as VAT, large portfolios and limited companies where a balance sheet is required. If this is all you can manage it is however a reasonable way (and better than manual records) to provide the information to your book keeper to transfer, if necessary, to accountaing software. I can of course set you up on a suitable Excel accounting system,  such as my free one designed for small businesses.

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