Sage Accounting is cloud-based accounting software for small businesses that works from anywhere. Small businesses and sole traders typically use Sage Accounting to work on their books and control their cash flow. It will help you track your income and expenses, while spending less time on financial admin. You can also use Payroll, an add-on for Sage Accounting, to pay your employees.
Self-employed people typically work on every part of their business from sales and customer support, to the bookkeeping and admin. The problem is working on the books using spreadsheets is time-consuming and often causes errors. As a freelancer, Sage Accounting will help you review your numbers regularly. You can also use to snap and capture receipts related to your expenses.
Accounting software for self employed workers starts around $10 per month. For example, the Sage Accounting Start plan starts at $10 per month, and the Sage Accounting plan starts at $25 per month.
Sage Accounting is useful for recording income and expenses quickly, a plus for contractors and freelancers on the go. For example, if you travel to meet a client, you can snap and capture a fuel receipt into Sage Accounting. You can also sync it with your bank account using bank feeds. Before a self-assessment deadline, you can then hand over all of this information to your accountant, who can submit a self-assessment return on your behalf.
Yes, you can set up Sage Accounting to apply the correct federal tax rate to your products and services.