It’s still possible to keep your own business accounts the “old fashioned” way.  It’s a rarity, but if you wish to write out your income and expense statements by hand, you’ll no doubt still find an Accountant with whom you can do business!  If you’re running a small business and you keep hand-written accounts, there is no obligation to use business accounting software.  However, the advantages of using a computer software system are that you can link to online banking services so that your banking information is automatically incorporated. 

Another reason why Business Accounting Software is a good idea is that you can use it to produce your VAT Returns and print address slips/envelopes for your creditors and debtors.  It’s a logical choice.  Most small businesses use computers, so why not extend this usage to your Business accounts. [Read more...]