Free Bookkeeping Software
Doing your bookkeeping is a necessary evil when you’re running a small business, or even if you’re self-employed or have a rental property.
Not only is it important to stay on top of your income and expenses, but HMRC requires you to file tax returns that need the details of everything you have earned and everything you have spent.
There are plenty of different sorts of accounting software for small businesses on the market, but it can often be confusing selecting the right one for your needs.
And let’s face it, there isn’t all that much around if you’re looking for free accounting software! Most accounting software for small businesses comes with a price tag attached, and when you’re running a small business, keeping tabs on your cash flow means that you may not want to splash the cash on double-entry accounting software.
Get our Free Bookkeeping Template now
Get our Free Bookkeeping Template
Luckily for you, we’ve got a nifty little download that you can use, completely free! It’s a basic bookkeeping software template in MS Excel that will meet your needs if you are a small business that wants to keep track of your income and expenses. It even includes a profit and loss account for you, so you can see how profitable your venture is.
Using our free bookkeeping template will give you an idea of what is required when it comes to doing your bookkeeping without the commitment of an expensive and complicated piece of accounting software.
If you like it – great! Feel free to use it for as long as you like.
Or, if you realise that it can all be a bit of a faff and you want to focus your efforts on running your business instead, then you can have a chat with us about what our team can do for you.
Don’t forget, our standard packages come with free accounting software as part of the deal, as well as a super-start accountant to do all of the legwork for you.
What is online accounting software for small businesses?
Online accounting software allows self-employed small business owners, sole traders, and limited company directors to manage their business finances in a secure and organised online system. Usually, you access the software through a portal or via an app. With good online accounting software, you can track your invoices and expenses, check your finances anytime, anywhere, and even file VAT returns to HMRC if you like.
Why should a small business use accounting software?
Making sure that your finances are orgainsed is all part of running a business. It might not be the most fun part, but it is something that you are required to do by law.
Back in the old days, people used to use manual ledger books and write out their transactions each day. But nowadays, accounting software has made life much easier for small businesses.
Not only do you need to understand your business finances to ensure that your business is performing well, but HMRC and Companies House requires that you submit returns to them electronically – and accounting software will help you do that.
If you have to submit VAT returns, then it’s now essential that you (or your accountant) use making tax digital compliant accounting software to do the filings.
VAT returns were the first part of the switch to making tax digital, but most definitely won’t be the last. Small businesses should be prepared by getting to grips with accounting software as soon as possible.
If you want to run your business efficiently, as well as run your business aligned with the rules that are coming down the line, then accounting software is the way to go.