Accounting Software Leicester

Why Accounting Software is a great choice for your Business

As a Business Owner you shouldn’t have to endlessly battle the intricacies of accounting or juggling receipts and expenses. Instead, you should be able to spend your valuable time developing new ideas and making a success of your Business.

With accounting software you will be able to get an accurate snapshot of your financial health with deeper insight on profits & losses, expenses, tax summaries and more.

Additionally, if your Business is VAT registered, using accounting software will allow you to submit an automated “Making Tax Digital” VAT Return in just a few clicks.

PLEASE NOTE THE FOLLOWING:

As part of their Making Tax Digital campaign, HMRC are actively changing the way in how Businesses and Individuals need to report and file their Tax returns. This means that all applicable Businesses and Individuals will need to maintain all of their records digitally and utilise suitable Software that is capable of transmitting their VAT returns to HMRC without any manual intervention.

No fuss, jargon free and easy to understand.

Accounting Software FAQs

What accounting software do you recommend for my business?

We recommend a range of accounting software options depending on the size and needs of your business. Popular choices we recommend and are approved agents for include, XERO, and SAGE, which offer user-friendly platforms for managing finances, generating reports, and keeping track of expenses and income. We’ll work with you to choose the best software licence  based on your requirements, ensuring it integrates with your existing processes and helps streamline your accounting.

How can accounting software benefit my business?

Accounting software helps businesses streamline their financial processes by automating tasks such as invoicing, expense tracking, and tax calculations. It reduces manual errors, saves time, and provides real-time financial insights, allowing you to make informed decisions. Additionally, using accounting software ensures you stay compliant with tax regulations and is critical for ensuring efficient cash flow management. Ensuring you maintain your records will assist in the preparation of financial information and reports for HMRC and other stakeholders.

Do I need to switch to accounting software if I’m currently using spreadsheets?

While spreadsheets are useful for basic financial tracking, accounting software offers greater functionality, security, and efficiency. It reduces the risk of errors, automates time-consuming tasks, and ensures your records are kept in line with current tax regulations. You can only use accounting software to submit VAT Returns within the Making Tax Digital legislation. This will be the same once Making Tax Digital for Income Tax Self-Assessment (MTD for ITSA) starts being rolled out from April 2026 Transitioning to accounting software will help your business scale and offer better financial insights, which are especially important as your business grows. We can guide you through the transition process to ensure a smooth switch. 

Will the accounting software integrate with my existing systems?

Yes, many modern accounting software options are designed to integrate with other business systems, including banking software, payroll systems, and e-commerce platforms. Our experts will assess your current setup and ensure that the software you choose integrates efficiently with your existing tools, making it easier to manage your finances and maintain accurate records without disrupting your workflow, or duplicating tasks.

Can you provide training and support for using accounting software?

Yes, Barnstone provides comprehensive training and ongoing support to ensure you get the most out of your accounting software. We also perform complete system implementations. Whether you're new to accounting software or upgrading from another system, we’ll provide the necessary training to help you understand how to use the features that are most relevant to your business. Our support extends beyond initial setup, helping you with troubleshooting, updates, and any questions you may have as you use the software.