5 Cloud Based Accounting Softwares For UK Businesses
Accounting is a critical part of business success. It’s incredibly important that your records are clear and accurate. More and more businesses are using cloud based accounting software to help them keep their accounts up to date.
Here are the top 5 cloud based accounting software for UK businesses.
FreshBooks is an accounting service that is gaining in popularity. It’s designed for small businesses and has a simple user interface. It’s straightforward so non-accountants can use it. However, it also has power and depth.
FreshBooks offers a huge number of features, such as invoicing, expense tracking and business reports. It also gives you an option to take credit card payments, though this feature has a charge.
You can issue invoices in any currency. You can also set up recurring invoices, or automated billing. FreshBooks can integrate with other services such as PayPal, Basecamp, MailChimp and more. Access is easy too. You can use a desktop, or you can use the iOS or Android apps.
FreshBooks has a free 30 day trial with a few plan options:
Lite Plan - £11.40 per month. This plan gives many features, but only allows for five clients.
Plus Plan - £19 per month. This plan gives more features, such as sending proposals, recurring invoices, and payment reminders. It allows for 50 clients.
Premium Plan - £38 per month. The premium plan allows for 500 clients, and more users can be added for a charge.
Ageras focuses on matching the right professional to your business. This platform also provides a perfect collaboration space for the business and the professional.
You tell the Ageras team what you need, and they provide you with quotes from potential specialists. You have the opportunity to compare the quotes and look at the specialists in detail before you choose one. You can even read reviews to find out other businesses experience.
Once you’ve selected your match, you can exchange messages and documents on the platform. Document exchange and messaging is completely private and absolutely secure. The service is free, and the quotes are non-binding, so there’s absolutely no reason why you shouldn’t try it out today.
Xero offers one of the cheapest starter accounts. It’s £10 per month and allows for 5 invoices, 5 bills, and the reconciliation of 20 bank transactions. You can also add a payroll option for an extra £5. This covers 5 employees, but you can add up to 200 more for an extra cost of £1 per employee. There’s also expense tracking, expense management, mobile compatibility, and reports. There’s no limits on additional users, so you can give access to high ranking employees, or your account.
The standard plan is £22 per month, but there is no limit on the number of invoices you can issue, or bills you can enter. You can configure reports, look at budgeting and it’s also mobile compatible. Again, you can add the payroll option for £5 per month for 5 employees. You can add on up to 200 employees for an extra £1 per employee per month.
The premium plan is £27.50 per month, and it has all the same features as the standard plan. There’s one big difference. The premium plan also offers multiple currency options. Each of the plans is user-friendly and easy to use.
4. Sage Business Cloud Accounting
Sage is one of the most well known business software providers. The Sage Business Cloud Accounting takes everything Sage is known for and makes it better. The premium plan is only £22 per month, and you can try it free for 30 days.
There are many different modules such as quote management, invoice, VAT, banking, reporting, cash flow forecasting, and project tracking. It also supports multiple currencies. It’s easy to use, and can be accessed from a desktop, or a mobile app.
Sage also offers phenomenal customer support. There’s email support, as well as a 24-hour telephone line.
They do offer a starter package for £10 per month. It is more restricted than the full version, but it can provide enough support for smaller businesses.
Kashoo offers one plan, but it has pretty much everything you could need. It’s £13 per month and has a few incredible features.
It has multi-currency support. It also has credit card support. It supports transactions for all major credit cards, at 2.9% and a 0.30 transaction fee. It offers unlimited invoices. It can reconcile accounts online from over 5,000 financial institutions.
It’s easy to use and has a simple, clear dashboard. There’s also a wide range of customer support options - phone, email, social media, traditional mail, and live chat. Kashoo also offers a 14 day free trial. There is one massive drawback. The software only has mobile compatibility for iOS. There is currently no Android mobile compatibility.
Let us know in the comments, have you heard or used any of these platforms?