As a business owner, you get confused whether you need to hire a public accountant or you just going to do all the calculations and preparations for your taxes.
Many small business owners are not confident about their financial skills so they hire the best individual to help them make wiser decisions.
Self-employed and small business owners might find themselves in the situation. However, there a few accounting software that could help in managing their finances efficiently.
Kash Flow
Kash Flow is an amazing tool that allows you to write quotes and convert them into invoice. Another great feature is its security features with various payment card processes such as Barclaycard and SagePay. You could have two-week trial and if it suits your needs, then it is only £18 per month.
This is perfect for all small business owners and freelancers who have insufficient accounting experience as it is simple and quick to use. It enables you to arrange your profits and expenses in each project. It also provides an overview of every activity and provides you how each one progresses. You could have a 30-day trial and can buy it for £15.
Sage One Accounts
It is cheaper and best suits freelancers who only need simple accounting calculations for tax assistance, invoice and Profit & Loss Statement. This is definitely ideal for start-up business as it offers email and telephone support for free. Since it is online, you can manage your funds anywhere and anytime. It is £10 per month with VAT if you are registered for basic account. You could enjoy a 30-day trial with this software.
Kahoo
Kahoo has bookkeeping features, financial statement, expense tracking and imports bank data. Kahoo can work with various tax filing periods and tax rates. Also it updates along with exchange rates.
Whichever you choose, you must keep in mind that the software should fit your financial needs and generate essential figures to recognise business opportunities.