![]() ![]() Not only was this a bit of a longwinded process, it opened up room for error. I created a basic template that I’d use to add items to, manually increment the invoice number and add up totals, save out to PDF and send via my email client. When I first started billing for my freelance work, I used Microsoft Word. ![]() FreeAgent forecasts this information in a concise “Tax Timeline” widget on the dashboard.Īlongside other “at a glance” figures like cashflow, bank balance and invoice totals, this feature keeps my business on the straight and narrow. The main figure I like to keep regular track of is my company’s corporation tax. Failure to adhere to the accounting and tax requirements of the country you operate in can lead to severe implications. This is my go-to screen.Īs a small business or freelancer, it’s essential that you know where you stand financially. What Do I like so Much About FreeAgent? The DashboardĮach time you log in to FreeAgent you land on the dashboard. Corporation Tax – Using day-to-day bookkeeping information, FreeAgent can automatically forecast what you have to pay and when.Self Assessment – UK freelancers who are sole traders or directors of limited companies can file their return directly to HMRC.VAT – Auto VAT returns and submission to HMRC for UK freelancers/businesses.Financial Reports – Profit and loss, balance sheet and trial balance.Banking – explain transactions as they come in.Time Tracking – track billable and billable time per project. ![]() Projects – build to-do lists and manage profitability.Expenses – track both bank payment and “out-of-pocket” project costs.Invoicing – send via email direct from FreeAgent.Estimates – including custom PDF templates.What is FreeAgent?įreeAgent is online accounting software made specifically for freelancers and small businesses, with access for their accountants. Here’s my take on what I consider to be the best freelance accountancy software. I knew there must be a better way and I found one in FreeAgent. Like most things, I learned as I went soon realising that my paper receipts, folder of drawn up invoices and calculations on the back of envelopes wasn’t the answer. When I first started my remote development business I had little grasp of what was not only good bookkeeping practice, but what was legally required for me to produce in terms of financial documentation. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
December 2022
Categories |