All businesses require financial support from time to time. That’s because this helps them appear legitimate and enjoy a secure future. You can ensure this by learning more about the various applications used for bookkeeping in Surrey.
Let’s explore more about the process of book-keeping before diving into the applications below.
What Do You Mean By Bookkeeping?
Simply speaking, it refers to the process of recording, and maintaining all the financial records of an organization. This process has many advantages, which have been mentioned below:
- Timely management of finances
- Tax and regulation compliance
- Accurately record information
- Prevent, fraud
Now, continue reading to learn more about the Small Business Accounting software below.
5 Software Applications Used For Bookkeeping in Surrey
Small business accounting firms use quite a few software applications for their bookkeeping processes. Let’s take a look at them below.
1. Zoho Books
This software is a cloud-based application used by accountants practising bookkeeping in Surrey.
It is popular among businesses of all sizes and automates many accounting procedures. This makes it a time-efficient software to use.
Generally, this application comes with a two-week trial plan that lets users explore it thoroughly. After the plan expires, users have to select a paid plan based on their preferences.
It offers features such as:
- Mobile payment support
- Real-time or spontaneous display of financial data
- Managing all your receipts and bills
- Sales Receipt management
- Managing your sales tax requirements
- Maintaining and displaying the Accounts Payable and Receivable
- Tracking the time spent on projects to determine how much money you owe them, etc.
So, you can use this software for bookkeeping in Surrey without any doubts.
Our rating: 4.5/5
2. Xero
This Small business accounting application is quite popular for businesses that adhere to the regulations of the United Kingdom:
- Generally Acceptable Accounting Practices
- International Financial Reporting Standards
It is specifically built for small and medium-sized business openers. You will have to pay a certain amount to access it since it is a SaaS.
You can find some of the following features in this application when you use it for bookkeeping in Surrey:
- Accepting, and tracking payments made to you by your clients or shareholders
- Being able to access data from banks all over the globe
- Integrate applications to ensure a seamless workflow
- Maintain payroll records seamlessly
- Efficiently track your finances
- Manage accountancy records that are spread out over various currency denominations
- Be able to view data easily by studying the easy-to-view dashboard
- Stay connected on the go with the help of the Xero mobile application, etc.
Our rating: 4.0/5
3. Quickbooks
<Alt Text: Quickbooks logo>
This application is popularly known for not just offering bookkeeping software, along with accounting and finance-related software. It is quite popular among small businesses that carry out bookkeeping in Surrey.
So, you can find the following intra-software applications when you access it for the first time:
- Payroll: it’ll allow you to pay up to 50 people with the help of either a direct deposit or a cheque. It also files the various types of tax forms if you purchase its premium version.
- Commerce: You can track the status of your orders along with the existing stock of materials you have with the help of this application.
- Payments: This intra-software program allows you to generate and set up periodic invoices depending on your needs.
- Live: You can partner or cooperate with another small business accounting professional for consultations or advice
- Time: This particular program lets you map the number of hours for which you can charge a fee from your clients. So, it ensures that you get paid exactly what you deserve.
Our rating: 4.2/5
4. Wave
Wave is quite popular amongst small businesses who wish to carry out bookkeeping in Surrey.
People love it because of its user-friendly interface and various features, as seen below:
- Ensuring that you can set periodic invoices for your frequent or long-term customers. This will prevent you from having to run from pillar to post and remind them about their payments. Additionally, you can switch between automatic and manual billing as per your needs.
- You can view and access your records digitally with the help of the mobile phone application. The application utilises the Optical Character Recognition feature to scan the records. Additionally, since the application also categorises the transactions after studying the receipts, you can file your taxes in a hassle-free manner.
- This application will allow you to accept seamless payments by charging a nominal amount per transaction. So, you can receive payments from credit cards, Apple Pay, etc.
- You can take advantage of their advisor features to receive real-time suggestions and financial support.
- With the help of this small business accounting, you can create tables and templates which showcase the approximate charge your customer will incur.
Our rating: 4.1/5
5. Freshbooks
This application is popular among small businesses, self-employed professionals and freelance individuals. Its noteworthy features are:
- You can track the various bills associated with your vehicles with the help of their Mileage tracking app. You can also toggle your trips between personal and business, which will let you efficiently track your expenses. Additionally, you can also view the various tax reductions for every official trip.
- This application lets you create proposals wherein you can outline and create proposal plans which your clients can also edit. So, you and your clients can be on the same page.
- You can create reports that detail the time you spend on completing projects. This will allow you to streamline the way you complete them, and get paid appropriately
- This application comes packed with an easy-to-understand project management system that lets you add team members, assign deadlines, and more.
- Lastly, you can use its mobile applications to view data on the go.
Our rating: 4.3/5
Wrap Up
So, do choose your preferred application to help you with bookkeeping in Surrey after considering all your needs. Good luck!
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