We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Accounting Software

Hi


Can anyone recommend a good accounting software for part time self employed business. I dont earn a great deal from the business so looking for something that is free or one off payment, also to comply with new HMRC digital tax when it comes in.


To give you more of an idea what my situation is, I work full time but I also run my part time sports photography business. The only reason I registered the actual business was when people started to enquire how much it was to buy my photos. I then got myself fully registered (mainly to keep the tax man at bay :-) ).


I've been running the business for 6 years and I have been using a spreadsheet to keep track of all of my outgoings and incomings. Now that I know the HMRC is going to bring in digital tax (at some point) I want to make sure I am ready for it.


Thanks in advance

Comments

  • neilmcl
    neilmcl Posts: 19,460 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Quickbooks
  • jaybeetoo
    jaybeetoo Posts: 1,346 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    If you’re not doing much business a spreadsheet should be fine. There is free software available for Excel that supports MTD.
  • Neil_Jones
    Neil_Jones Posts: 9,377 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    https://www.adminsoftware.biz/ might be of interest.
  • Murmansk
    Murmansk Posts: 1,054 Forumite
    Part of the Furniture 500 Posts Name Dropper
    I'm self employed and use Quickbooks Self Employed - it's not really doing anything very clever that you couldn't do yourself thought, but I like it.
  • icebergx
    icebergx Posts: 688 Forumite
    Ive been looking into this recently and decided to go with Xero. The general consensus is that it's easier to use and more intuitive than QuickBooks and other similar programmes. I'd rather focus on the business and wanted something simple that 'just worked' and integrated well into my workflow and apps so Xero was the one for me.
This discussion has been closed.
Meet your Ambassadors

Categories

  • All Categories
  • 347.8K Banking & Borrowing
  • 251.9K Reduce Debt & Boost Income
  • 452.2K Spending & Discounts
  • 240.2K Work, Benefits & Business
  • 616.3K Mortgages, Homes & Bills
  • 175.4K Life & Family
  • 253.5K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.