Benefits of accounting software for freelancers

Benefits of accounting software for freelancers

Being a freelancer means you get to work with your passion every day. While you have a lot of responsibilities, getting your accounting done doesn’t have to be a difficult task.

Whether you work with an accountant or do your accounting on your own, an online accounting software can help you manage your finances.

Work on the go

Cloud accounting software lets you work from anywhere, so you won’t be tied to your computer. Upload receipts on the go, check your reports and record your transactions wherever you are, whenever you have spare time.

Stress-free invoicing

Getting paid is important, so why not make it as easy as possible? Accounting software isn’t just for compliance. You can choose one with extra features like integrated invoicing.

Integrated invoicing software has lots of benefits for your business when you can manage the whole process in one place.

With Bokio, you can create quotes, send them to your customers, convert them into invoices and track them so you know if they go overdue. When you get paid, you can record it in your accounting with just a couple of clicks.

Prepare for your Self Assessment tax return

Self Assessment tax returns seem like a hassle, but online accounting software can make it simple. When you do your accounting regularly, you or your accountant will have all the information needed to be prepared well ahead of the deadline.

An automatically generated profit and loss report will give you the right figures so all you need to do is fill in your return and submit it.

Never miss a transaction

If you have a lot of bank transactions to record it can be difficult to keep track of them. Accounting software with bank feeds is a great solution.

Bank feeds connect your bank account safely to an accounting software, and automatically import your transactions. With Bokio, your transactions are automatically imported several times a day and you record multiple transactions at once. You don’t need to worry about missing anything important.

Manage your expenses

Keeping track of your expenses across the tax year will help you claim allowable expenses on your tax return. Accounting software with integrated expenses means you can manage and record your expenses in the same place as your accounting.

Do your accounting with Bokio

With Bokio’s free accounting software, you can do your bookkeeping, invoicing, and expenses all in the same place. We have everything you need to help you prepare for your Self Assessment tax return, submit your VAT Return for Making Tax Digital and keep the right financial records. You can invite your accountant to work with you in Bokio, or we can help you find one if you need a helping hand.

Accounting is kept simple with Bokio, so you have more time to spend running your business.