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DIY Accounting Self Employed Accounting Software with vat returns

Comprehensive business accounting software to account for self employed pay by recording the financial transactions on accounting spreadsheet templates. DIY Accounting provides simple business accounting software that automatically updates your financial accounts, provides credit control and money owed with an automated financial analysis of business expenses . The accounting entries are automated to produce quarterly vat returns, annual and monthly profit and loss statement and an excel copy of the revenue tax forms specifically the self employed tax form previously known as the self assessment tax return n real time from making two simple lists of sales and purchases. Simple accounting spreadsheet templates that are specific to the tax year with updated tax allowances that complete both the short and full versions of the the self employed tax forms, which  replaced the self assessment tax form in April 2008. The new revenue tax form was introduced in April 2007 for the tax year 2007-08 tax forms returns.

This accounts software package is a single-user program designed to suit self employed businesses who are vat registered, and lets small and medium business manage their financial accounts, customers and suppliers  without previous accounts software experience.  All the accounting entries to be made are 2 lists of sales receipts and purchase expenses.  Designed to be a simple accounting software package specifically as accounting software to account for self employed pay who need to produce vat returns and is also suitable for anyone self employed who are not vat registered.

PAYROLL INTEGRATION

DIY Accounting Self Employed accounting software has a number of features to provide a complete Accounting Software package. Each accounting package contains a wages interface enabling the DIY Accounting Payroll Software to be integrated within the system simply by downloading the  DIY Accounting Payroll package to the same folder as the Accounting Software. Payroll Integration for employers with employees is available at Self Employed + Payroll. 

Clients who are not using DIY Accounting Payroll systems would use this Wages Interface to manually enter the wages totals each month which then automatically updates the financial accounts .

Clients who have no employees leave the Wages Interface blank. There is also no need to record the self employed pay in the business accounts as drawings are distributions after the self employed net taxable pay has been calculated..

SUITABLE FOR BOTH VAT AND NON VAT REGISTERED BUSINESS

DIY Accounting Self Employed Bookkeeping Spreadsheets can be used by both vat registered and non vat registered business or convert the accounts from one to the other as easily as changing the vat rate from 17.5 to zero in one Cell which disables the vat calculation. Register for vat during the financial year and simply change that cell from zero to 17.5 in the month registered and vat will be collected and calculated from that month onwards.  The Accounting software user guide also advises how the Flat Rate Vat scheme can be easily included in the vat calculation. Flexible Accounting Software to complete the revenue tax forms.

DIY Accounting Software provides a complete solution and includes Cash and Bank Spreadsheets fully linked to the  financial account. Business bank accounts are optional for self employed.

New for 2007-08 DIY Accounting Software also includes a Sales Invoice generator to enable users to quickly and professionally produce Sales Invoices with minimum fuss and repetition.

New for 2007-08 DIY Accounting Software also includes a Stock Control overview that calculates expected stock levels for comparison with actual stock values.

DIY Accounting Software for small to medium business, gives you an immediate snapshot of your financial position, with columns showing you which suppliers need paying and who owes you money. Vat returns are produced automatically by the accounts software and available to be viewed at any time during the vat quarter. An accounts software package that also produces an automated profit and loss statement plus an excel copy of your self employed tax return with the same box number references as the actual HM Revenue & Customs self employed tax return.

For the financial tax year 2006-07 the self assessment tax form is still applicable and that revenue tax form is still produced by the 2006-07 package. From 2007-08 onwards the self employed tax form is included in the packages.

The Self Employed accounts has been designed on Microsoft Excel worksheets. Excel or an open source spreadsheet program must be installed to enable your computer , PC or Apple Mac is Ok, to recognise  the simple accounting spreadsheets

Choose DIY Accounting Self Employed to account for self employed pay even if not experienced with Accounting Software and want a simple accounting software package designed specifically for the UK as the best way to account for self employed pay by generating the vat returns and the self assessment tax return. Simple Accounting Spreadsheets that is fast and easy to use.

Click here to visit the Self employed accounts order form

If you wish to ask a question please post your question in the DIY Accounting Teneric forum at

http://forums.teneric.co.uk/diy-accounting/

Key Features & Benefits of DIY Self Employed Accounting Software UK

• Enter purchase invoices from suppliers, the money control feature shows who has been paid and is outstanding.

• Enter sales invoices to customers and the money control feature shows who has paid and who still owes you money.

• Single letter entry on the purchases spreadsheet provides the accounting expenditure analysis and updates your financial accounts.

• Unique Sales Invoice generator

• Enter vehicles and assets purchased and the Fixed Asset schedule calculates the capital allowances and puts these in your self assessment tax return for you

• Quarterly Vat returns produced with details how to protect your sheets providing a vat audit trail

• DIY Accounting Payroll Software easily integrated  to provide the Complete Accounting Software solution

• Optional Cash and Bank spreadsheets for those businesses who operate business bank accounts

• Stock Control feature to identify and control potential losses

• Annual and Monthly Profit and Loss Statement produced.

• Fully automated Profit Forecast that calculates annual tax and national insurance liabilities to provide a unique Financial Business Health Check

• Accounting software that produces both the full and short Self Employed tax return all fully automated with no entries required to generate the revenue tax forms

• DIY Accounting software that estimates your Income Tax and self employed National Insurance liability

• Self Employed Accounts simple business accounting software UK User Guide accompanies the package containing concise, easy to read notes plus all important tips on HMRC guidelines to save you taxes.

• Technical and Operational support for DIY Accounting Software direct from the designer is included by phone or online via email with over 95% of questions dealt with the same day.

"DIY Accounting software produces the self employed tax form, self assessment tax return and vat returns revenue tax forms on accounting spreadsheets"

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Last modified: 03/17/09