Category Accounting

Q & A: I’m a Sole-Trader, how can I do my Accounts DIY ( Do-It-Yourself)?

WinWeb's OnlineOffice includes a free forever - no strings attached - full accounting system, including free 24/7 live support.If NO - then you need to find a system that allows you to record all your transactions, without having to do the "Double-Entries", you can leave that to an bookkeeper or an accountant, in other words outsource the tricky bit. The good thing here is that you will save most of the money you would have to pay someone else to do your accounts, because you do the labour intensive stuff yourself.A good side effect here is that you will have to look at your expenses and cost again, and may be able to make a judgement if that was good or bad money spent - you know the hindsight thing.One thing is for sure getting involved in your bookkeeping/accounting, however little, will have a very positive effect on your business, no matter which kind of small bRemember, if you have any specific questions you can always use our 24/7 support.

Intuit picks up the “Free Accounting Software Challenge”.

It is not online, not sure why they did not offer the online version free, and it seems to be for Microsoft Windows only - so if you are a Mac user, like me no free Intuit accounting software for us. So working with your accountant in real time and get up to date advice is not on the cards, with this free version.I think it is good of Intuit to offer a basic accounting system free of charge, while I'm not sure if it will remain free and what the future developments will be like, i.e. will there be a free QuickBooks Simple Start 2009? Maybe someone from Intuit will let us know?Intuit clearly understands the challenges for small business, and the accounting software industry looking ahead.

Bookkeeping for Small Business

More important than that, you will learn new things about your business: You may have higher (good) or lower (bad) sales, than you expected?Your cost in your business may be higher (bad) or lower (better) than you expected?Your cash-flow may be better or worse do to the above two points?You may need to outsource some business processes to lower your fixed cost structure, to make your business more recession proof or just more profitable?You may need to ramp up your sales and marketing activities for your small business products or services?You may also have to adjust your SWOT analysis and your business goals?You will be surprised how creative you can be, once you know about and understand a problem in your business plan.... There is no excuse not to do it, all the tools are available for free, for anyone.If you feel the initial process of business planning is too much for you, than get your accountant or bookkeeper to help you to set your cash-flow fore-casting, SWOT analysis with you, doing it online will give you strategic advantages, like you can work with your accountant or bookkeeper in real time in different places, this lowers your cost, no time wasted and is good for the environment.I would like to make one more point here, the aim of all this planning is not to get it spot on - no, the aim is to understand what is happening in your business, that is why you should be doing it.

First Day Free Accounting Software For the US.

I always remember my discussions with the "Marketing Experts" a few years back, when I proposed to give the accounting software we just had developed and accredited, away for free. These guys nearly had a heart-attack.Today is the first day we offer our free US version of this software, and all signs are that it still is the right decision.

AccountsOffice – no more!

It is our believe that small business needs more than just accounting software, or any other software for that matter, it needs a complete infrastructure, with software, 24/7 service, small business advice and collaboration, combined with world leading small business service solutions.So we took the decision to offer only OnlineOffice, with AccountsOffice and CashBook becoming modules within OnlineOffice. This will show the power of integration to small business, yielding enormous benefits, which made us into the leader in this field.It will help us all to focus better on WinWeb's core business and goals.

Small Business Infrastructure For Business Start-Up.

WinWeb On-Demand Software Solutions - Anywhere At Anytime.AccountsOffice and OnlineOffice are our two software offerings, which are based on the SaaS - Software as a Services model, to allow for the following key business benefits:• tight inclusion of business advisors from the start,• cultivating outsourcing techniques at the outset, i.e. virtual assistants,• no IT knowledge needed and hassle free operation,• real-time multi-user access from anywhere, increasing mobility.2.... WinWeb Live - Networking Community for Small Business Only.To foster collaboration and outsourcing we have expanded our WinWeb Live™ offering to allow for small business community networking - thus enabling the business owner to make decisions about his / her current needs, with the following benefits:• timeshare virtual assistants for professional results,• offer contracts of work to contractors on a case-by-case basis, • promote the business to a large audience or even locally,• find new work and contracts online4.

Accounting and Accountants for Business Start-Ups and Small Business

Do you want to:Do you just want to collect your receipts and other documents and than hand it over to someone else?Are you happy to fill in a simple online forms and have the double entry done by an bookkeeper or accountant?Or do you want to do the accounting yourself and have the accountant prepare your tax-returns for you?Each of these options is OK, as long as you do not relinquish all your responsibility to the other party when you outsource.... then their are products on the market that can help you, one of them is our AccountsOffice- Lite Edition ( currently still called CashBook), for a full tri-ledger accounting system you can use our AccountsOffice Standard Edition, both of the single user versions are free BTW.For small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer-, Professional-, Personal business, the only way to go is online - I'm sure you think I would say that - but consider this.

Online Accounting for Small business and Start-Ups

Also it simplifies things for entrepreneurs as they donít have to spend so much of time saving and updating their accounting books.Specialized accounting and cash flow solutions for small business and start-up business, like SOHO-, SME, SMB-, Micro-, Lifestyle-, Home-, DIY-, Hobby-, Boomer-, Professional-, Personal businesses, allow the employers and employees time to focus on core productive activities rather than spend it maintaining accounts and on financial management.... "The fact that data is offsite, safe and secure is one of the main benefits of managing your accounts online, but it also means that you can work from anywhere or at any time," commented Michael Turner, general manager Tallia on the advantage of online accounting for small firms.

Why businesses fail and go bust!

While the government passed the Late Payment of Commercial Debts (Interest) Act 1998 to protect the rights of businesses, not many businesses actually use it.Small business, like home-, micro-, lifestyle-, mobile-, SME-, SMB-, SOHO-businesses are losing out due to the chaos created in their cash-flow but also on precious funds that they could have charged clients for late payment.... They are effectively financing their clients business and should charge interest on money owed in excess to what their bank charges the business.You can always outsource your bookkeeping and credit control function, use a virtual assistant and WinWeb's On-Demand Small Business Infrastructure approach to solve this problem - you want to stay in business (?)

In the words of Lord Clyde

Arctic Systems maybe another example of the aggressive nature of HMRC when pursuing taxpayers, however, Arctic Systems is certainly not the first case in history where the Revenue ‘HMRC’ has pursued a taxpayer for arranging their affairs in a more beneficial manner for taxation purposes. It brings to mind a case many years before I…

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