Keeping track of your cashflow and books is obviously very important but it can also be time consuming, stressful and expensive. Accountants fees, accounting software, admin time – it all adds up. Here are 5 cool accountancy tools to choose from to help you keep your books in order!
Offers completely free cloud-based accountancy software. Features include: journal entries; balance sheet; general ledger; income statement; sales tax report; aged receivables; aged payables; gain/loss on foreign currency exchange; and compound sales taxes. It also offers automated bank account data imports. A payroll service is currently on offer in Canada and a trial version will be rolled out in the US in 2012. Wave generates revenue by selling advertising space.
Offers online-based accountancy software. Can be linked to bank accounts and marketplaces like Etsy, Ebay and Amazon. US tax accounting is offered in their premium service, while basic functionality is free.
Upload scans or photos of receipts and create expense reports. Data can then be exported to other accountancy programs. The service is free for up to 2 users.
Offers organization for receipts and invoices. Receipts are send in, Receipt Banks extracts the data and sends it to you ready for entry. The service also links with several software programs. A free trial is offered and plans start at £10.99/mo (August 2012).
Bidding platform for accountants in the UK. Solicit bids from accountants in your area and choose one that is right for you.