With many things in life, we’re forced to come to a decision: choosing one or the other. In these cases, it usually means that the one we don’t choose is no longer an option to us, or doesn’t seem to work with the option we selected.
But when it comes to your bookkeeping, we believe this shouldn’t be the case. Let us explain.
Accountants & tax consultants: the better choice?
Many freelancers and entrepreneurs starting out use the age-old accounting method known as: throwing everything in a file that you hand over to the tax professional at the year end (or quarter) to sort through. They will take care of it.
While this might seem like the easiest option at first glance, a closer look reveals just how damaging this can be to your business. Staying on top of your finances is crucial for the success of your business, something that is only possible if you keep close track of your income and expenses.
The solution? Manage your daily accounting with the help of easy-to-use accounting and invoicing software like Debitoor, and leave the tricky tax aspects to your accountant. Maintaining your accounts throughout the year can also make things faster and easier for your accountant - potentially saving you money.
Accounting software: benefits
Using accounting and invoicing software like Debitoor can provide a myriad of benefits to you, your accountant, and your business:
- Quickly raise and send invoices online
- Keep track of which customers have paid
- Maintain a good overview of your business finances
- Manage your incoming and outgoing cashflow
- You can generate a personal VAT report, balance sheet, and profit & loss to help with your tax filing
Your accountant will thank you. For them, online accounting software means:
- Time and work saved in going through your data
- A faster, more efficient tax filing process, getting you your return
Managing your finances means you have your finger on the pulse of your business and have a better understanding of the financial health of your company, allowing you to make more informed decisions that influence the development of your business.
What can you do with an accounting programme?
Accounting & invoicing software like Debitoor aims to simplify, automate, and speed-up the once tedious tasks of staying on top of your accounts. For example, with Debitoor you can:
- Write and send invoices
- Customise your invoices with a unique design
- Create and send quotations
- Register expenses
- Enter payments on your invoices
- Monitor your sales
- Match payments to invoices & expenses automatically
- Work better with your accountant
Accounting and invoicing software takes you by the hand and gives you the tools you need, step-by-step to manage these important parts of running a business. This is also how you make it easier to work with your accountant.
When you manage your accounts with accounting software like Debitoor, you no longer need to drop off that unorganised shoebox of receipts to the inevitable vexation of your accountant and detriment to your bank account.
With Debitoor, you can even invite your accountant to collaborate on your account, giving them their own login to access your data directly, meaning improved communication and workflow, and likely, less stress for you both. Read more about inviting your accountant: ‘Working with your accountant: made simple.’