If you're like me no, then with a vengeance doing your accounts and taxes.
So how can you make this process easier, less painful and reduce accounting costs?
So buying an accounting software package is one way.
First you must decide if you want to keep your records manually is to use a pen and paper, or if you want computerization process.
If you decide to computerize the process is the way in which you need to decide to purchase accounting software, for example Sage or Quicken or Microsoft Excel spreadsheet as best suits their needs.
As a general rule, if you are a cash business, you only need to save receipts and expenditures, then it is better to use a spreadsheet.
So if you choose an accounting software? Yes, if:
· You have customers who can grant credit and the purchase of goods in the same way
· You can manage more than 50 events per month
· Your company is a company (limited liability company in the United Kingdom)
and
· You are computer or are willing to learn!
Before choosing the accounting software, talk to your accountants - they will be familiar with various accounting software packages on the market and be able to advise you. Most accountants use software in their office to handle customer accounts and have a good knowledge of accounting software they use. It may be cheaper for you to use the same they do because they can advise you on how to make it operational and available to answer questions, in addition to the fiscal year end if their accounts should be prepared, be cheaper, I think I have a compatible program.
I also recommend doing some research yourself, you may be able to get a demo disc or download packages most popular accounting software, and this will give you an idea of how they work and if they are friendly.
Costs can also be a problem, then you need to decide your budget. But the company is likely to expand - you may find that budget accounting software quickly and end up buying a more expensive anyway.
The accounting software providers may also try to up-sell contract. Save your money! In my experience the established software vendors are not bugs in their systems. Also try to upgrade to the next version of a regular, but if the software does everything you need, then there is no need to upgrade.
Of course, you can pay someone to do your accounts for you or your accountant or a bookkeeper - the benefit is that you do not have to do it yourself and gives you the freedom to effectively manage your business!