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A combination of FreeAgent and a human accountant. I love FreeAgent, the workflow is dead simple - import transactions (automatically), explain them, occasional
by thom 13y ago
A combination of FreeAgent and a human accountant. I love FreeAgent, the workflow is dead simple - import transactions (automatically), explain them, occasionally get prompted to run payroll or submit a tax return. It doesn't support some esoteric stuff in the UK (e.g. National Insurance holiday).
I've run previous companies off custom spreadsheets and experience an almost constant low-level stress from that. FreeAgent makes it easy to get stuff right first time, our accountant has a login, and it takes basically no time to keep things completely up-to-date. I imagine Xero has a similar feature set. Whichever software you choose, I'd look for something that optimises that 'import transactions, explain transactions, submit correct returns' loop so you never have niggling feelings of being behind.