Cloud Accounting Software for Small Businesses
Looking to move your account to the cloud?
What is cloud software?
Cloud software is located on the internet rather than being loaded on your office computer which means you can access your business information where ever you are as long as you have internet access. All cloud software shares many benefits so which one is right for you will depend on the complexity of your business;
No security worries - each system has online banking security with secure backups
Cost effective - no costly software upgrades as each system is constantly updated and improved and all included in the fee
Banking - connect to your bank accounts to automatically import transactions
Dashboard - monitor cash flow at a glance and see when your tax bills are due
Estimates and invoices - send and track professionally designed estimates and invoices
Manage and record expenses easily - simply snap a photo with your phone and upload
Time tracking - record all your time with the in-built stopwatch or smart timesheets
VAT - review automatically generated MTD VAT returns and file with a single click
Payroll – run easy to use HMRC compliant RTI payroll
Here is an overview of FreeAgent and Xero to help you decide;
Aimed at sole traders freelancers and ltd companies
Easier than Xero
Written in an easy to understand language
Automated bank feeds
Simple payroll included
MTD VAT returns
Free with Natwest/RBS/Mettle business account
Aimed at small to mid sized ltd companies
More comprehensive than FreeAgent
Lots of additional add-ons and apps
Automated bank feeds
Simple payroll add-on at extra cost
MTD VAT returns
CIS add-on at extra cost