With the rise and availability of laptops, tablets and smartphones, managing your business accounts has never been easier. With the wide range of software and apps available, there is no need to input manual data into books or Excel spreadsheets anymore. Depending on your business and budget needs, one of the below is bound to be suitable for you.
Sage is an excellent choice, simply because they have so many different packages available. With prices beginning from as little as £2.50 per month for sole traders and working up to packages suitable for up to 200 employees, Sage can help you manage your contacts, stock and VAT submissions, liaise with your accountant, get a great range of reports and much more. So whatever your budget, you should be able to find the right package for your business.
QuickBooks is cost effective with easy to use dashboards and interfaces meaning no experience is necessary! For as little as £5.50 a month, small business owners can create invoices, monitor sales and expenses and link the account to the business’ internet banking. Plus, for a little extra per employee QuickBooks can manage your payroll too! Also, if you’re currently an accountant or bookkeeper, QuickBooks offers software to help you manage your clients as well as manage your own business accounting and payroll.
Aimed primarily at freelancers and small businesses, FreeAgent has over 40,000 businesses using its software. With prices around £30 dependent on whether you are a sole trader or small business, FreeAgent is very comprehensive, with the ability to file VAT returns, live account reports, customisable dashboards and much more. Also, with whatever package you choose, you can have unlimited clients, users and projects without any additional or hidden costs.
Although these providers all require a monthly fee, there are free services available too. However, it is worth calculating whether a small additional fee with bring big returns on your business by offering more comprehensive functions and support.