Bookkeeping Software Comparison

COMPARISON OF CRUNCH, FREEAGENT AND CLEARBOOKS

Here we’ll be comparing 3 of the most prominent pieces of bookkeeping software – Crunch, FreeAgent, and ClearBooks. Bookkeeping software is required for anyone who wishes to record their business transactions and financial activity for later review. Contractors, freelancers, landlords, and business owners all need to record information such as receipts, invoices, and payroll for their books, and there are many pieces of software you can use to do this.

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WHAT ARE THEY USED FOR?

FreeAgent Central and ClearBooks are online bookkeeping services which allow you to upload bank statements and generate invoices, making many day-to-day business transactions much easier and simpler as a result. These systems can also be accessed by our accountants, meaning that we can monitor things such as your business expenses and accounts, ensuring they are correct and properly filed.

ClearBooks claims similar things as the aforementioned 2 services, acting as online accounting software which is designed to add value to your accountancy service. ClearBooks is more clearly designed with accountants such as Pearl Accountants in mind, allowing us to harness the system in order to maximize your profits and minimize your taxes, as well as carry out general bookkeeping and accountancy procedures.

Bookkeeping Software Functions

HOW ARE THEY USED?

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At the end of the day, these 3 pieces of software are very similar, like many of their competitors are too. You should always look for reviews and prices when you look to buy accountancy software, just as you would with any other purchase. Well-reviewed software (such as Quickbooks) is probably worth a steeper price if necessary; you don’t want to risk buying a system with subpar performance, especially when its responsible for handling your money and taxes!

Most accountants will request the clients to input the data into the software (not Pearl however!). If you accidentally enter incorrect information (for example, inputting £50,000 instead of £50.00) then it can cause huge problems and inconsistencies, which are the kind of things that HMRC likes to open costly investigations into.

HMRC Tax

HOW PEARL ACCOUNTANTS CAN HELP YOU WITH FREEAGENT & CLEARBOOKS

Unlike many other accountants in London, we don’t think that you should be forced to do too much of your own accounting. As a result, our accountants are able to work with bookkeeping systems such as FreeAgent, ClearBooks, and even Quickbooks or Xero, all of which can be done remotely, giving us 24/7 access to the information you put into your bookkeeping systems.

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This means that you have much free time in which to run and expand your business without having to worry about your accounting. This cost-effective and efficient approach is designed to optimise your business’s profitability, as we are able to accurately oversee your accounts and ensure that you claim the maximum amount of allowable business expenses possible, leading to greater tax deductions when it comes time to pay your taxes. Pearl Accountants uses FreeAgent and ClearBooks, amongst other softwares, to provide you with an integrated accountancy service which minimizes your tax liability and enables your business to exponentially expand.

*DISCLAIMER: While we have attempted to display all information factually and to the best of our knowledge, we encourage you to carry out your own research by visiting pearlaccountants.com. If you find any information on this page to be inaccurate, then please email info@pearlaccountants.com and we will correct it.

Accountants London
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