Digital Bookkeeping - What’s The Best Accounting Software?
In the last few years, more and more Businesses have turned to online digital accounting software, which isn’t a bad thing considering how much more growth and productivity this can produce within a Company.
As some of you may have read in our latest blog post; with the HMRC ‘Making Tax Digital’ rules changing from April 2023, it means that all Self Employed people and Businesses in the UK will need to submit their accounts online. This online Accounting Software allows Hubu Accountants to collaborate with our clients as we have direct access to your account, meaning we can keep an eye on things for you.
So with that in mind, Hubu would like to talk you through what we deem to be two of the best accounting software apps for Small Business Owners in the UK.
QuickBooks is an accounting software package developed and marketed by Intuit. Initially released in 1983 - yes, it’s been around that long! Wikipedia claims that early versions of the system were discredited due to lack of conformity with traditional accounting standards.
Now though, Quickbooks hold more than 27% of the Global Accounting Software market share and offers a wider range of products compared to many other cloud based Accounting Software models.
Intuit Quickbooks products are aimed mainly at small to medium sized Businesses, which allow you to manage and pay bills, accept payments from other Businesses and also offer payroll functions. There are no contracts to sign upto; you can cancel at any time, and it is an HMRC recognised accounting software program. Quickbooks Pro makes managing your expenses super easy; you can say goodbye to holding onto paper receipts for months, since Quickbooks extracts the info it needs from a photo! Plus, you can save time on recording your mileage, as it’ll track your mileage automatically saving you hours.
Here’s what people have to say about using Quickbooks:
“Great system to use and the service has been excellent to date - also very helpful support - Thank you Quickbooks.”
Joe Wood, Trust Pilot
“Really easy to use and the features like invoice and receipt photos are awesome Highly recommend.”
Mike Jones, Trust Pilot
Xero’s online accounting software is designed to make small business easier. With all your data stored safely and in one place, it’s easy to get a snapshot of how your business is tracking. You can also invite your accountant or bookkeeper into Xero so they’ll ensure you meet all of your tax obligations.
One of the elements we love about Xero is that it enables you to drive profitability on your projects with the Xero Projects function, of which there are both free and paid versions available. It’s fully integrated with Xero so you can keep all your business information in one handy place.
It’s easy to access all your data and Xero tools from anywhere – just connect to the internet. Plus, keep all your essentials like invoicing and payroll at your fingertips with Xero’s mobile app. You can try Xero for free HERE.
“I absolutely love everything about the Xero interface. It is so easy to use. I loathe operational type of tasks - I am a project manager... but with Xero, it is so easy, it is hard to loathe. The support is great too!"
Melissa U. Trustpilot
“Great chat and phone support from very knowledgeable advisors. After being unable to resolve my payroll problem by chat I was contacted by an advisor in the UK who very quickly and efficiently sorted everything out. Exceeded my expectations.”