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, but as your business starts to grow, and with Making Tax Digital (MTD) looming on the horizon, using accounting software will become a much better option.
To get you up and running with your record keeping The Book Monitor can provide you with a basic Excel template to help get you started or help you get up and running with cloud accounting software.
We teamed up with Quickbooks Online in 2017 in order to help our clients get their accounting records into the cloud and 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. This choice has been based on our own experience of using several cloud accounting programs that are available. We believe it is more user friendly and easier for our customers to use than some of the competitors. We can also offer our clients a discount on the monthly subscription fee and can provide training to help get you up and running.
In 2018 we started using ReceiptBank, an online program that allows you to securely store all of your invoices and receipts digitally in the cloud, therefore getting rid of the need to keep hold of all those loose 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 individual account (or arrange for your supplier to email them directly). It can also be integrated with various accounting software programs, such as QuickBook and Xero.
To find out more please contact us.
Sage has long been the accounting software of choice and is often recommended by banks to small businesses and start-ups. With more than twenty years experience using Sage accounting software we can provide you with all the necessary training and support you need in order to maintain your own accounts using Sage software.
We also have extensive experience of using Xero cloud accounting software, and are certified advisors for Xero, so if this is your preferred software choice we are more than happy to help you maintain your accounts using Xero.
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 if you get stuck or have any problems.