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Accounting software specialist bright launches brighttax, a new cloud-based tax and compliance product

Accounting Insight

Accounting software specialist, Bright, has launched its new cloud tax and compliance product at Accountex 2023. Accountants will be able to access client information in-browser to work on and submit Individual Tax Returns, VAT returns and Corporation Tax returns to HMRC as well as annual accounts to Companies House.

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Xendoo vs. QuickBooks: The Difference

xendoo

From choosing an accounting method to managing transactions to setting up payroll, bookkeeping can be an extremely confusing and time-consuming process! That’s why many business owners decide to get bookkeeping help, whether they use a form of online bookkeeping software or hire an accountant. .

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Tech, transparency and automation: tips to start the new financial year off right

Accounting Insight

The end of the tax year often begins with relief. Relief the tax return deadline has been met (we hope) and has passed you by. Accountants and bookkeepers can now look ahead to the new tax year. But as the days get brighter, so too can your bookkeeping in the coming year.

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Manual vs. Automated Accounting: What’s the Difference

Accounting Seed

With a manual accounting system, you also draft tax returns and financial statements by hand, without computers. What is Automated Accounting? Automated and computerized accounting use software to manage a company’s bookkeeping. Have you figured your tax bill correctly? Who is it Good For?

Account 52
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How to Set Up Accounting for a New Business: A Full Guide

xendoo

They can use their personal accounts for business, but we strongly advise against it. Here’s why: It will make it easier to file taxes for your business (since they are separate from your personal accounts). Your accountants and bookkeepers can monitor the account more freely. Previous tax returns

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Getting Paid 101: Accounts Payable and Accounts Receivable

xendoo

With invoicing software, your accounts receivable staff and your customers can save a lot of time. . Your accounting software should be able to generate an aging report, which lists past-due invoices in order from the least to the most number of days since the due date. Track payments. Set a timeline for collections.

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The Best Online Accounting Software for Small Businesses

xendoo

A skilled accountant will keep you tax compliant and ensure that you’re always in-the-know and focused on the big picture when it comes to your financials. And cost can definitely feel like a huge barrier here – it can be hard for a small business to afford to hire an accountant. What does online accounting software do?