DIY accounting software, tax
accounting, payroll software, limited company formation UK
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Simple Small Business Accounting Software Spreadsheets Packages DIY Accounting specialises in small business accounting software written on a full range of accounting spreadsheets to produce self employed and small company accounts. Essential features of all the small business accounting packages are user friendly accounting spreadsheets that produce the small business end of year account with tax preparation software to calculate the tax liability produce the tax returns.
Four bookkeeping packages for self employed business. 3. Self employed accounts plus integrated payroll software
Two accounting packages for a limited company 2. Company accounts plus integrated payroll software
Each of the accounting software solutions include tax preparation software including that years tax rules to not just produce the tax return but also calculate the tax liability.
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/
Deciding the self employed accounting software for your business
Sole Trader Bookkeeping package Small business accounting for the self employed sole trader whose sales turnover is both below the vat threshold limit and whose total income will remain below as vat registration would be required if sales exceeded the vat limit and the sole trader accounts package does not account for value added tax. Vat threshold for 2008-09 is £67,000 p.a. Sole trader bookkeeping package does not include a bank spreadsheet, if a business bank account is used the self employed accounts package would be a better choice. Payroll is not integrated into the basic accounts package. If it is likely employees will be engaged and a paye system operated at any time during the year then the self employed package would be more suitable.
Sole trader accounts contains a sales accounting spreadsheet, purchase accounting spreadsheet and an automated financial accounts file which includes monthly profit and loss account, fixed assets schedule, income tax calculator, short self employed tax return and notes on vat registration plus a bookkeeping user guide.
Self employed Bookkeeping package Comprehensive small business accounting software for all self employed business suitable for both vat and non vat registered business including accounting spreadsheets for sale, purchases and cash and bank transactions. The bank spreadsheet has an automated bank reconciliation to assist audit accuracy of the bookkeeping. Payroll software is not included but can be simply integrated by saving the payroll spreadsheets into the same self employed accounts folder. if the business recruits employees during the financial year. Automated profit and loss account and calculation of the tax liability the self employed also completes an excel spreadsheet copy of either the full or short self employed tax return whichever is applicable
Self employed accounting contains sales accounting spreadsheets, sales invoice generator, purchase accounting spreadsheets, cash and bank spreadsheets, vat returns file, fixed assets spreadsheet and an automated financial accounts file which includes monthly profit and loss account, stock control sheet, tax liability forecast, income tax calculator, both full and short self employed tax return form plus a bookkeeping user guide.
Self employed Bookkeeping Software plus integrated Payroll Software This accounts package is the same as the self employed accounting package as described above with the addition of the payroll software for up to 5, 10 or 20 employees depending upon the version purchased. The payroll software automatically updates the financial accounts with the payroll costs, calculates the income tax and national insurance contributions, fills in the paye administration tax returns and produces employee payslips either on a monthly or weekly basis.
Self employed accounting including payroll contains sales accounting spreadsheets, sales invoice generator, purchase accounting spreadsheets, cash and bank spreadsheets, vat returns file, fixed assets spreadsheet and an automated financial accounts file which includes monthly profit and loss account, stock control sheet, tax liability forecast, income tax calculator, both full and short self employed tax return plus a bookkeeping user guide. Plus payroll accounting software that contains a payroll file, paye administration forms and wage slip templates that are completed automatically plus a payroll user guide.
Taxi Drivers Accounts The taxi and cab drivers accounting spreadsheets are similar to the sole trader accounts package but adapted specifically for taxi, mini cab and private hire drivers accounts. The taxi receipts accounting spreadsheet is preset with dates to speed up entries, the taxi expense accounting spreadsheet has columns specific to the expenses of drivers. A unique feature of the taxi accounts is the automatic comparison of claiming mileage allowances or vehicle running costs. The cabsmart taxi drivers accounts produces a copy of the short self employed tax return.
Cab drivers accounts contains a bookkeeping spreadsheet for taxi receipts, taxi expenses bookkeeping spreadsheets and an automated financial accounts file which includes monthly profit and loss account, fixed assets schedule, income tax calculator, wages forecast, short self employed tax return plus a bookkeeping user guide.
Deciding the limited company accounting software for your business
Limited Company accounting package The prime entry accounting spreadsheets are similar to the self employed accounts but with increased analysis of the expense classification and includes cash and bank spreadsheets plus further accounting spreadsheets for savings accounts and business credit cards. A double entry bookkeeping system is used by the preset formulae to produce a trial balance of the accounting entries. No accounting knowledge is required as the double entry bookkeeping is fully automated, produces automated vat returns and enables the package to produce a full set of final company accounts ready for submission to HMRC and Companies House. The corporation tax calculation is automated and the tax preparation software embedded within the accounting also produces an excel copy of the CT600 Corporation Tax Return.
Limited company accounting contains sales accounting spreadsheets, sales invoice generator, purchase accounting spreadsheets, cash and bank account spreadsheets plus credit card and savings bank spreadsheets, quarterly vat returns file, fixed assets spreadsheet and an automated financial accounts file includes automated trial balance, monthly profit and loss account, stock control sheet, end of year final accounts, corporation tax calculation, CT600 corporation tax return plus company accounts user guide.
Limited Company accounting software plus integrated payroll software Every limited company has employees as every director is also an employee of the business making the company accounts package with integrated payroll a sound choice. Different payroll packages can be selected to integrate with the financial accounts files according to the size of the payroll. The payroll software automatically updates the financial accounts with the payroll costs using a wages interface, calculates the income tax and national insurance contributions, fills in the paye administration tax returns and produces employee pay slips either on a monthly or weekly basis. Wage slips are then printed on plain stationery avoiding specialist payslip stationery costs.
Limited company accounting contains the same accounting files as the company accounts plus the payroll software for one or two years depending upon the overlap of the paye tax year. Accounting spreadsheets include sales accounting spreadsheets, sales invoice generator, purchase accounting spreadsheets, cash and bank account spreadsheets plus savings account and credit card spreadsheets, quarterly vat returns file, fixed assets spreadsheet and an automated financial accounts file which includes automated trial balance, monthly profit and loss account, stock control sheet, end of year final accounts, corporation tax calculation, CT600 corporation tax return plus the company accounts user guide. Plus integrated payroll accounting software that contains a payroll file, paye administration forms and payslip templates that are completed automatically plus a payroll user guide. Brief descriptions of the full range of Accounting Software, Payroll Software, Company Formation are available on the DIY Accounting home page with notes on self employed topics at Small Business Articles "Simple UK small business accounting software packages for self employed and company accounts with tax return calculation and preparation software" |
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