We have a certain number of QuickBooks online Plus subscriptions on offer at £10 + VAT per month. If you go to QuickBooks directly, the price is £30 per month!
The benefits of using online software such as QuickBooks is;
- Bank Feeds – you can set business accounts up to feed bank transactions into the software.
- You can create projects and categories within the software to track profits and losses by jobs or projects.
- You can raise sales invoices and send statements from QuickBooks.
- You can review outstanding and overdue invoices in QuickBooks.
With Making Tax Digital set to be rolled out to all business from 2020 at the earliest, this is a good opportunity to get set up on software so that you are prepared. Currently the rules only apply to businesses that are VAT registered and have turnover over the VAT threshold (currently £85,000 per year) but HMRC plan to bring more businesses in to Making Tax Digital from 2020, although it may be later.
https://woodandassociatesllp.com/category/making-tax-digital/
https://www.gov.uk/government/publications/making-tax-digital/overview-of-making-tax-digital
You can do a free trial of QuickBooks if you did want to have a look to test it out here – https://signup.quickbooks.intuit.com/?locale=en-gb&offerType=trial&bc=OBI-LL1&offerId=20011450.
Brighton & Hove Accountants - Wood & Associates LLP 