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Recommendations for Keeping Your Books in Line from Essex Bookkeepers Office Assistants
Surrounded by boxes of receipts? Using Word to produce your invoices? Excel to keep track of your earnings and outgoings? It's time to get your small business books in line says Essex bookkeepers Office Assistants.
These systems offer a lot more than keeping track of income and expenditure;
Essex bookkeepers Office Assistants advise that most online bookkeeping systems will link with your bank accounts, allowing you to see precisely what you have in your accounts and on your cards, and what you owe at any given time.
"You can mark invoices as paid; run reports to see who owes what and work out your cash flow and profit and loss position for any time period. Receipts can be scanned in so you have all your records in one place, so there is no need for paper filing systems. You can also prepare your VAT returns and even submit them through some of the platforms. In other words, you will be able to keep your business running smoothly, and stay on top of your current financial position. And with all this information readily at hand, it makes everything so much more a piece of cake when it comes time to submit your annual returns.
"What's more, your accountant can also usually be given access to the platform so their work for you is cut down too. They can run management reports and journals to help you keep one step ahead when it comes to your tax and VAT position.
"Many online bookkeeping systems offer a free trial, which is great for making sure you are comfortable with it before you commit. Billing is usually monthly or yearly."
Some suggestions from Office Assistants include Kashflow, QuickBooks, Sage, Xero, Free Agent and Financial Force.
Still not sure? Why not have a chat with your bookkeepers?
Office Assistants offers bookkeeping services and much more to clients throughout the south east of England from their base in Rainham, Essex. For more information visit http://www.officeassistants.org.