Running a business can be hard but it’s important not to let time-consuming tasks impact your company’s success. With small business accounting software in place, you can take care of laborious tasks – and instead, get back to what you do best.

Instead of carrying out payroll, stock control and bank reconciliations, you can focus on improving your business. Here, we explore five tools that will help your business flourish.

Cloud accounting software

If you want to make managing your accounts simpler and more accurate, bookkeeping software is essential. From more efficient record-keeping to automated tasks, you can streamline your figures and reduce any wasted time.

Your documents will also be saved in one place, enhancing efficiency and safety. With all accounting information being saved in the cloud, you can access it anywhere, anytime – making it perfect for business owners who travel often. Multi-currency features, unlimited invoicing and bank mapping also mean you can control your business with ease.

Payroll tools

As an SME owner, you need to pay your employees accurately. With Liquid, this has never been easier. Complicated sums will be taken care of, including deductions, and various payroll cycles are supported.

Keeping up with the relevant legislation is also easy as Liquid Payroll does all of this for you. All the relevant payroll payment information will also be sent to your accounting software, so you can rest knowing that your accounts are up to date. Assessments of employees for Pension Auto-Enrolment mean you can focus on other areas of your business.

MTD VAT Filer

Earlier this year, Making Tax Digital (MTD) for VAT was brought into force. All VAT-registered businesses with a turnover above the threshold are now required to submit their VAT return online. To do this, you need MTD specific software such as Liquid’s MTD VAT Filer.

It’s expected that MTD for VAT will be rolled out further in 2020 so even if you don’t meet the requirements just yet, it’s a good idea to get a head start to familiarise yourself with filing your tax digitally.

Full integration

Some accounting software can easily integrate with your other systems, allowing your business to work seamlessly. Liquid has an API that connects with other platforms as well as compatibility with e-commerce tools such as PayPal, Shopify, Magento, WooCommerce and eBay.

Liquid can also link to CRM systems such as ZigZag. Integrated tools mean that every part of your business can work together and communicate. Without this, tasks can take significantly more time.

Sage 50 nominal structure

Switching from your current desktop software to cloud accounting may be daunting but, with Liquid, you have the option to keep the Sage 50 nominal structure that you are already familiar with. This means that the transition to digital accounting is smoother and less stressful.

With Liquid, you can also enjoy the benefits of a full, transactional data conversion. This means your Sage 50 history customers, suppliers, transactions, payments and orders will be transferred.

The combination of all these features will allow you to bring your business into the digital age with ease. Keep your files safer and cut out time-consuming tasks altogether. With your data more accurate, efficiency within your company will increase and ultimately your organisation will grow.

To determine the right package for you, get in touch with our friendly team today on 0161 413 5050 or email info@liquidaccounts.com.

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