Software
Is Your Accounting Software The Right Fit?
Whether this is because of issues relating to installation, backing up data, or the simple fact that they never learned how to use it properly, it’s a common problem for businesses in all kinds of industries.
At JFS Torbitt, we specialise in accounting software, and can help make the process of choosing yours stress-free and straightforward. With extensive experience in installing and advising on a range of different options, speak to one of our team to get started.
What Does Our Accounting Software Service Look Like?
Specifically, our Chartered accountants offer the following account software services to our clients:
Installation
Software Advice
Technical Back-Up
Support for a range of platforms
While we’re members of Xero and with Stage One accreditation with QuickBooks Pro, we can install or advise your team for all leading software platforms, including:
- Sage Accountants Club Professional Member
- Sage One
- Xero
- Kashflow
- My Business Works
- QuickBooks
- Free Agent
- BrightPay Payroll Bureau
- HMRC compliant software
WHY IT PAYS TO CHOOSE THE RIGHT ACCOUNTING SOFTWARE
- ClarityKeeping track of your cash is a common issue in the world of business. With the right accounting software, you can keep an eye on expenses and categorise them so you have a full understanding of what your money is doing and where it’s going.
- AutomationManual processes can be tedious in any business, especially when it comes to your accounting. An accounts software that works for you will automate certain processes, freeing up your time to focus on your business operations.
- Save moneyKeeping track of your records not only means you have a better understanding of where it’s going, but it helps you recognise key trends that could be detrimental to your business. With this knowledge in hand, you can reduce costs where necessary and improve cashflow in the process.
- Reduce errorsAccounting software flags errors and helps you keep a more accurate track of your finances. From reversing entries to errors of omission, lack of reconciliation, or making transposition errors, accounting software helps you reduce your mistakes and save yourself a headache.
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Accounting software FAQs
What’s the difference between cloud and desktop accounting software?
Desktop software requires a program download on your computer, which is where your data will need to be stored. Cloud-based accounting software can be accessed online from any device, and your data is also stored in the cloud.
Is free accounting software enough?
If you’re a sole trader, then free accounting software can be adequate for you. However, if you’re dealing with anything even slightly more complex than invoices with no overheads, you’ll probably need a paid option.
Can accounting software help with taxation?
Yes, by preparing business reports and keeping track of your financial movements, you can manage your tax obligations and plan more effectively for them with accounting software. In fact, it’s highly recommended to use accounting software for taxation purposes.
Are there huge differences between paid and free accounting software?
Yes, differences are generally significant and free versions will only be suitable for sole traders or small businesses with basic requirements. Paid accounting software options generally offer more comprehensive reporting, management and payroll services, as well as integration with other business tools.
Should I choose accounting software based on my industry?
This can be a prudent approach, especially if you work in a sector that has to comply with specific requirements from an accountancy perspective. For example, some businesses in the construction sector need to comply with CIS, which stands for Construction Industry Scheme.