These days with the functionality of accounting systems doing away with much of the manual bookkeeping and reconciliations that used to be done, often by your accountant at a fee, most people are now using a Cloud Accounting system.
What is a cloud accounting system
A Cloud Accounting system is one that is not on your laptop or own device but hosted elsewhere on IT infrastructure set up and managed by the supplier of the system. You access it via the internet from any device, anywhere making it something that you can use on the go as well as in your business location or at home.
Cloud Accounting systems are function rich and more than suitable for most freelancers, consultants, contractors or small business owner
TV Adverts
You’ve probably seen adverts on the TV for some of the popular ones like Quickbooks (the teeny, tiny QuickBooks people) and Xero (search zero with an X) to name a couple.
Obviously these systems tend to come with a cost (around £30 per month is typical for a limited company after the special offer trial period).
Cheap Accounting recommends FREE FreeAgent
It shouldn’t come as a surprise that at Cheap Accounting we like to show ways of reducing the amount (time and money) that you spend on your accounting.
That’s why we recommend FreeAgent because you can get it FREE!
That means you could save anything up to about £360 per year.
Of course there is a condition attached to this being that you have to have and retain a business bank account with NatWest, Royal Bank of Scotland or Ulster Bank, or make at least one transaction a month through a Mettle bank account.
Whilst many bank accounts may charge you a monthly fee, Mettle is completely free – no monthly charges or transaction fees!
And it is super easy to get one …. just apply online and upload the necessary proof of identification stuff and it’s done.
Follow this link to find out more:
Accountancy Services
About Mettle
“The Mettle bank account is provided by National Westminster Bank plc trading as Mettle. National Westminster Bank plc is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (firm reference number 121878).This account is protected by the Financial Services Compensation Scheme (FSCS). This means eligible deposits are protected up to £85,000. For more information visit FSCS.org.uk. National Westminster Bank plc is a company registered in England and Wales (registered number 929027) and its registered address is 250 Bishopsgate, London, United Kingdom EC2M 4AA.”
About FreeAgent
FreeAgent launched in 2007 as one of the first Cloud Accounting systems to the market. In 2018 FreeAgent was acquired by the NatWest Group.