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Why paper accountancy is making you fall short

Say you are a small business owner and have been using manual systems to manage your bookkeeping and accountancy for several years. You have a sound level of expertise when it comes to the financial side of your business. However, the time spent dealing with this feels like wasted hours that could be spent on running your business and doing the things you love.

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What if we told you, you could manage your accountancy in a much simpler yet accurate and faster way, save money and get tons more benefits from it?

Here at Nimble Jack Accounting we can give you just that. We work with an online accountancy system called FreeAgent that helps small business; contractors and freelancers have a better way of dealing with their finances.

There are many advantages to going completely digital and paperless, including saving time, money and space. Digitally stored files are much more secure and backed up automatically. Retrieving data is also so much easier rather than sifting through countless physical files, you can use FreeAgent’s simple search tool.

For some, using manual systems can be difficult and frustrating. Some desktop accounting software such as Excel requires a level of technical ability as the software is designed specifically for accountants. With FreeAgent you don’t need to have any expertise. It’s easy to learn and simple to navigate around. Why waste effort and time on doing things the old fashioned way?

Keeping track of your finances is also effortless. All of your financial data is kept in one neat system so you can manage your cash flow. The software can link to your bank accounts to give you an overview of your bank balance in real time. FreeAgent can even set up a profit and loss report, so you know exactly how your business is doing. The system also shows you which clients owe you money and when its due.

Even tax can be straightforward with FreeAgent. VAT returns can be automatically generated and be sent directly online to HMRC. It also reminds you when payment is due so you never miss a deadline.

It’s an accurate and reliable way to handle your finances. Entering numbers manually on a spreadsheet could make you prone to error. With FreeAgent, you can match your bank transactions with your own entries into the system this will give you an accurate review of your dealings.

Want to know more about FreeAgent and how it could help you, speak to one of our specialist accountants on: 020 7969 2793.

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About Hardeep Mangat

Hardeep is a down to earth accountant, who loves helping contractors, freelancers and small businesses save tax and make more profit. He also has a particular interest in IR35 . Hardeep attended University College London and is a Chartered Certified Accountant, who previously worked for Credit Suisse Investment bank and at a local accountancy practice.

Hardeep on Linkedin and Google+

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