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Accounting Packages for Startups

03/01/13 8:39 AM

There are lots of accounting packages out there. Three that we would recommend are:

Xero – xero.com

Freeagent – freeagent.com

Accounts Portal – accountsportal.com

All of these allow you to import your bank statements, raise invoices, keep track of bills and contacts. They are quite straight forward to use and all have helpful support in case you get stuck. Depending on the number of transactions, we would recommend reconciling the bank at least weekly and doing this either yourself of employing a book keeper to do it for you.

We have used larger accounting packages in the past such as Sage but have found that they are rather complex for the smaller business and also rather expensive. All the above packages have a lower monthly cost at you can cancel at any time. They also will do things like quickly and easily calculated the amount of VAT owed and letting you know the relevant dates. They will also allow you to give access to your accountant so they can keep an eye on anything.

If you have any questions, please feel free to let us know.

Posted by Optimum | in company formations | No Comments »

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