In recent times, with the popularity of the internet and the web, a range of web-based and desktop accounting software tools are popular among businesses, accounting service providers. These software tools have greatly simplified the way how accounting is done by contractors, freelancers to manage their finances. Various online accounting tools are used to do online accounting. Such accounting techniques allow the user to keep track of a business’s invoices, cash flows, profit and loss statements, tax, VAT, etc. If your business is small then accounting software tools are helpful in compiling business information in a manageable manner.
Popular Online Accounting Tools
Folloing are some of the popular accounting tools that are used for accounting processes:-
Clear Books
This software is a low-cost accounting tool. If your budget is tight then this accounting software offers good value for money. This software tool is suited for any industry. This tool helps to do accounting in a simple manner. While doing accounting the tool takes into account the consistency of the brand. It offers the user an invoice theme designer. This helps the user to keep control of the branding. The tool is effective in maintaining accounts as well as invoices in different currencies.
Crunch
This is a highly popular accounting software tool among freelancers, contractors, and small businesses. The pricing of this accounting software may vary. It may be slightly more than other software tools. The software tool offers the user comprehensive service from quarterly VAT returns to payroll management. The software can be very useful for the business owner. The software tool offers the user a range of additional services including tax planning and other professional services. The software tool provides the user with handy guides, recommendations, and advice from a team of accounting experts.
Xero
The Xero software is a good option for those who prefer doing mobile accounting. The users of the software tool can access it using any web browser. The Xero is designed in a manner so that it can have unlimited users. The users of the software tool can access it concurrently from different locations. The software tool is straightforward and it is easy to set-up and follows. The software dashboard provides graphical summaries of important information.
KashFlow
The software is very useful to file tax returns, do VAT filings, etc. The software user requires running the VAT report, entering the HMRC details, press the submit button. Submitting income tax returns often prove to be laborious without this software tool. Other features of the software tool include speedy invoicing, stock management features and secured integration with a number of payment processors.
ClearSky
This software is effective in contractor accounting. It is the best option for those who have set-up their limited company. The in-house team of accounting experts provides the users important information on how to maximize income. The software tool helps to keep the business fully compliant. Every contractor gets a dedicated personal accountant. There are available a variety of packages to suit the budget and preferences of the buyer of the software.
If you are residing in London or other parts of the UK then there are many accounting professionals from whom you can get high-quality services at best rates. The local accountant UK maintains its own website where it highlights the services it offers to its customers. You can Google online by typing “Find an local accountant near me” and can get a list of useful results for UK accountants.