Here is a simple invoicing and accounting software exclusively built for UK small businesses. The UK edition of the software helps you create HMRC compliant VAT invoices, log expenses and track VAT liability. You can manage books of your business without any support and knowledge of accounting.
United Kingdom (UK) tax system is complex. Basic UK taxes include income taxes, capital gains taxes, property taxes, UK inheritance taxes and Value Added Tax (VAT). Please note, in the UK, all individuals are subject to the same tax rate regardless of their residency status. However, residency status does dictate what sources of income must be included in your taxes.
Given the complex tax structure and progressive/complex accounting standards, it is important to invest in the right accounting software. The regulators are taking a closer interest in the figures produced by not just the giant corporation but also small businesses.
So, it is recommended that even small businesses pick a right tool to avoid tax audits. TopNotepad is one software that empowers small business with the right accounting tools that helps the business owner to confidently deliver the required tax accounting calculations within the timelines without any support. Start-up and small businesses who cannot afford to buy a costly software can go for a free UK accounting software and may upgrade on subscription basis to keep the cost low.
The most important feature a UK software for accounting must have is a robust invoicing module. There are quite a few UK Invoicing solutions however most of these tools lack depth. Invoice is just the starting point. The information captured in an invoice needs to be correctly categorised and must be made available in the form of report for tracking the books and for compliance.
Here is the list of important items from invoice that needs to be immediately leveraged right when the invoice is created:
- VAT Component: As VAT needs to be filed on regular basis it becomes important to sum up VAT collected across all the invoices in a given time frame.
- Inventory: When an invoice is created and items are delivered, it should result in reduction in inventory on real-time basis automatically.
- Client Ledger: The data from invoice should smoothly flow to the client ledger account and a statement of account should be created automatically.
Our tax accounting software is a flexible tool that picks-up all the key details from invoice and places it appropriately, so that the reports are available at a click.
It’s an exhaustive accounting software for UK businesses and is a recommended software by all its users.
A small business need not invest in industry specific software, which are complex and may not be affordable. TopNotepad is carefully designed software to manage books and invoices for variety of small businesses.
United Kingdom (UK) tax system is complex. Basic UK taxes include income taxes, capital gains taxes, property taxes, UK inheritance taxes and Value Added Tax (VAT). Please note, in the UK, all individuals are subject to the same tax rate regardless of their residency status. However, residency status does dictate what sources of income must be included in your taxes.
Given the complex tax structure and progressive/complex accounting standards, it is important to invest in the right accounting software. The regulators are taking a closer interest in the figures produced by not just the giant corporation but also small businesses.
So, it is recommended that even small businesses pick a right tool to avoid tax audits. TopNotepad is one software that empowers small business with the right accounting tools that helps the business owner to confidently deliver the required tax accounting calculations within the timelines without any support. Start-up and small businesses who cannot afford to buy a costly software can go for a free UK accounting software and may upgrade on subscription basis to keep the cost low.
The most important feature a UK software for accounting must have is a robust invoicing module. There are quite a few UK Invoicing solutions however most of these tools lack depth. Invoice is just the starting point. The information captured in an invoice needs to be correctly categorised and must be made available in the form of report for tracking the books and for compliance.
Here is the list of important items from invoice that needs to be immediately leveraged right when the invoice is created:
- VAT Component: As VAT needs to be filed on regular basis it becomes important to sum up VAT collected across all the invoices in a given time frame.
- Inventory: When an invoice is created and items are delivered, it should result in reduction in inventory on real-time basis automatically.
- Client Ledger: The data from invoice should smoothly flow to the client ledger account and a statement of account should be created automatically.
Our tax accounting software is a flexible tool that picks-up all the key details from invoice and places it appropriately, so that the reports are available at a click.
It’s an exhaustive accounting software for UK businesses and is a recommended software by all its users.
A small business need not invest in industry specific software, which are complex and may not be affordable. TopNotepad is carefully designed software to manage books and invoices for variety of small businesses.