One of the easiest ways for small businesses to keep their accounting records is by using an Excel spreadsheet. This is great if your business only has a few transactions each month, and The Book Monitor can provide you with a basic template to help get you started.
However, once your business starts to grow, using accounting software to keep track of your accounts becomes a much better option:
The Book Monitor teamed up with Quickbooks Online in 2017 in order to help our clients get their accounting records into the cloud, enabling them to run their business from anywhere, on any device. As Making Tax Digital (MTD) starts to be rolled out by HMRC over the next few years, we have chosen Quickbooks as our preferred online accounting software provider for our clients as we believe it offers much more to the customer than some of the competitors. We can offer our clients a discount on the monthly subscription fees and can also provide training to get you up to speed with using the software.
At The Book Monitor we have been using VT+ Transactions for over ten years to keep accounting records for our in-house clients. It is very user friendly and, in our opinion, a very good bookkeeping system. We can offer all the necessary training and support you may need if you would like to use this software for your own business.
Xero Cloud Accounting
The Book Monitor regularly uses Xero, which is another online/cloud accounting package, to maintain the accounting records for some of our clients. Some of these clients trade overseas, including trading in foreign currencies, and have a significant number of transactions being processed each week. Again, we can offer comprehensive training and support if you decide that you would like to maintain your accounting records using Xero.
Sage Training and Support
Sage has been the accounting software of choice for many years and is often recommended by banks to small businesses and start-ups. With over twenty years experience of using Sage accounting software The Book Monitor can provide you with all the necessary training and support you will need in order to maintain your own accounts using Sage software.
The Book Monitor has recently started using ReceiptBank, an online program that allows you to securely store all of your invoices and receipts digitally in the cloud - getting rid of the need to keep hold of all those lose pieces of paper! ReceiptBank can be used via the internet or via an app on your phone, or you can email purchase invoices directly to your account (or arrange for your supplier to email them directly). It can also be integrated with various accounting software programs, such as QuickBooks, Xero and Sage.
To find out more please contact us.
From setting up your accounts on the various software programs listed above through to maintaining your accounting records, The Book Monitor can show you how to use your chosen software program(s) effectively and help you if you get stuck or have any problems.