DIY accounting software, tax
accounting, payroll software, limited company formation UK
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Simple Self employed Small Business Accounting Software Spreadsheets Simple bookkeeping and small business accounting software packages for taxi drivers, sole traders and self employed designed on excel accounting spreadsheets to automate the self employed tax return form.
Accounting spreadsheets designed for both vat and non vat registered small business, with or without employees, providing a simple self employed bookkeeping solution to producing end of year financial accounts, quarterly vat returns, paye administration and the short or full self employed tax return.
There is a self employed accounts software package for every small business enabling financial control to manage the financial accounts, customers and suppliers with little or no previous bookkeeping experience. Simple business accounting software packages specific to each tax year with updated tax allowances included to automate capital allowance claims
Choosing the most appropriate small business accounting package
Small Business Accounting for anyone Self Employed been designed on Microsoft Excel spreadsheets Excel or open source spreadsheet program must be installed to enable the accounting software to operate.
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/
Notes on each Self employed Business Accounting Software Package
Simple accounting package for small business who are not vat registered and have a sales turnover under £64k, also the vat threshold for 2007-08 ( £67K in 2008-09), £64k is also the cut off point for completing the short self employed tax return. The sole trader accounting package does not include a bank accounting spreadsheet. Very popular simple self employed bookkeeping with sole traders who basically can make two lists of sales and expenses on the accounting spreadsheets and produce the end of year financial accounts and the short self employed tax return.
The sole trader accounts package includes: Sales accounting spreadsheets - Monthly bookkeeping spreadsheets to record the sales income Purchases accounting spreadsheets - Monthly bookkeeping spreadsheets to record and analyse expenses Fixed asset spreadsheet - capital allowances are automatically calculated and entered in tax return Profit and loss account - Income and expenditure statement to show business profitability Tax liability calculator - Automatically calculates the income tax and national insurance liability Self employed tax return - Automatically fills in an excel copy of the short or full self employed tax return
Standard self employed accounting package suitable for businesses that are vat registered or not registered without employees which can be easily upgraded to include payroll if employees are engaged during the financial year. If the self employed business already has employees then the self employed integrated payroll package would be the choice. The self employed accounts software includes both cash and bank spreadsheets which enable a balance sheet to be produced manually if required. The self employed accounts package is targeted at automating the quarterly vat returns if registered, end of year financial accounts and the self employed tax return. The full or short tax return being automatically completed appropriate to the sales turnover of the business.
The self employed accounting package includes: Sales accounting spreadsheets - Simple bookkeeping spreadsheets to record the sales income Purchases accounting spreadsheets - Simple bookkeeping spreadsheets to record and analyse expenses Cash accounting spreadsheets - Completion of the cash spreadsheet is optional Bank accounting spreadsheets - Enter business bank transactions which has a built in bank reconciliation Fixed asset spreadsheet - capital allowances are automatically calculated and entered in tax return Quarterly vat returns - Simple drop down menu to produce an automated quarterly vat return Wages interface - spreadsheet where manual wages can be entered if a different payroll package is used Profit and loss account - Income and expenditure statement to show business profitability Tax calculator - Automatically calculates the income tax and national insurance liability Self employed tax return - Automatically fills in an excel copy of the short or full self employed tax return
Self employed accounts plus integrated payroll software The accounting spreadsheets and files are the same as the self employed accounts software package above plus payroll spreadsheets for up to 5, 10 or 20 employees. Saving the payroll software into the same accounts folder as the self employed bookkeeping spreadsheets is all that is required to integrate the payroll. Payroll integration means that when the gross wages are entered into the payroll file the wages costs and the employers national insurance contributions are automatically included in the business expenses and deducted from sales income. The payroll software also has a paye administration file that automatically completes the HMRC paye tax forms including the annual employers return and also produces wages and payslips which can be printed on plain stationery to avoid specialist payslip stationery expenditure.
The self employed plus integrated payroll accounting package includes: Sales accounting spreadsheets - Monthly bookkeeping spreadsheets to record the sales income Purchases accounting spreadsheets - Monthly bookkeeping spreadsheets to record and analyse expenses Cash accounting spreadsheets - Completion of the cash spreadsheet is optional Bank accounting spreadsheets - Enter business bank transactions which has a built in bank reconciliation Fixed asset spreadsheet - capital allowances are automatically calculated and entered in tax return Quarterly vat return - Simple drop down menu to produce an automated quarterly vat return Profit and loss account - Income and expenditure statement to show business profitability Tax liability calculator - Automatically calculates the income tax and national insurance liability Self employed tax return - Automatically fills in an excel copy of the short or full self employed tax return Wages interface - Automatically updated from the payroll costs in the payroll software Payroll spreadsheet - Enter employee tax details, gross pay, income tax and national insurance calculated Paye - No entries required and all paye administration tax returns and forms completed automatically Payslips - No entries required, entering gross pay in the payroll file automates the wage slip production
Specialist taxi drivers accounts package which is similar to the sole trader accounting package with adaptations to the simple accounting templates to customise the bookkeeping for cab drivers. The sales accounting spreadsheet is preset with the dates so only the days takings need recording and the expenses accounting spreadsheet has columns conversant with taxi drivers expenses. The taxi profit is calculated, income tax and national insurance liability calculated plus the tax preparation software automates the entries to produce the short self employed tax return.
The taxi driver accounts package includes: Sales accounting spreadsheets - Simple bookkeeping spreadsheets to record the sales income Purchases accounting spreadsheets - Simple bookkeeping spreadsheets to record and analyse expenses Fixed asset spreadsheet - capital allowances are automatically calculated and entered in tax return Profit and loss account - Income and expenditure statement to show business profitability Tax liability calculator - Automatically calculates the income tax and national insurance liability Self employed tax return - Automatically fills in an excel copy of the short or full self employed tax return 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 bookkeeping for sole traders and self employed small business accounting software packages on excel spreadsheets with automated tax return form" |
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