How to manage your accounts and bookkeeping as a sole trader
Want to know how to manage your accounts while you focus on your business as a sole trader? This in-depth guide offers some top tips for you.
Succeed with time-saving accounting
Whether you’re a courier, aviation, taxi or freight company, you can cut admin time and take control of your finances with Sage Accounting. Make managing VAT, invoices, and payments a breeze.
Get a clear view of your finances and know exactly where your transport business stands at any time, anywhere.
Your accountant can help you create an accurate HMRC return quickly and securely, using our accounting software for transport companies.
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Sage Accounting helps you take the wheel with your finances, whether you’re a taxi, trucking or courier company. Use our cloud software to reduce time consuming admin, keep track of payments going in and out of the business and see forecasts with real-time data. Use Sage Accounting to:
It's straightforward to set up Sage Accounting and then apply the correct VAT rate to your services whether they involve the chauffeuring of people or transportation of goods. Simply hit a button to submit an accurate VAT return to HMRC as often as you need.
Sage Accounting Standard is a good choice for transport companies, couriers and taxi drivers. It simplifies recording income and expenses and enables collaborating with an accountant prior to a tax return to HMRC. You can use the optional Payroll add-on to pay employees quickly and easily.
Sage Accounting for transport businesses is HMRC recognised and MTD compatible software that helps you stay on top of the latest legislation so that you can focus on what you do best. It’s easy to quickly and securely file VAT returns as Sage Accounting calculates the VAT for you. You can collaborate with your accountant or bookkeeper using real-time data. And with a clear view of a live running total of your tax liabilities, you can have complete confidence that your returns are accurate every time.
There are plenty of ways you can save time with Sage Accounting. Here are some examples:
Automate manual tasks
By automating tasks, you can cut down the amount of time you spend on manual data entry to save money and focus on the areas of the business that need the most attention.
Purchase Automation and AutoEntry
Spend less time on admin and more time on your transport work with a paperless way to manage receipts. Simply snap, scan or email a photo of your receipts, bank transactions, invoices or other documents for your Sage accounts using Purchase Automation and AutoEntry. Then categorise, publish and share them with your accountant through Sage Accounting. AutoEntry captures tax summaries and full line item details including description, quantity and unit price so it’s an easy way to log the information you need, when you need it.
Other ways to save time:
Get the most out of your accounting software with articles, guides, and expert tips, so you can focus on running your business.
Remove the need for data entry
AutoEntry is an intelligent, cloud-based solution which eliminates bookkeeping data entry, so users never again have to type up invoices or receipts.
3–way modelling and forecasting
Castaway is a reporting and business modelling solution that allows you to budget, forecast, analyse KPIs, model scenarios and manage consolidations.
Get paid faster
Satago helps business owners and accountants get invoices paid faster and protect against credit risk.
Keith Faiers
Director, Artdedemains Ltd.
Hayley Shirley
Commercial Director, Shirley Transport Solutions Limited
Declan Rodden
Owner, Airport Passenger Transport Services LTD
Stay on top of the latest MTD rules from HMRC with Sage, and make staying up-to-date stress-free.
Get the most out of your accounting software with articles, guides, and expert tips, so you can focus on running your business.
Want to know how to manage your accounts while you focus on your business as a sole trader? This in-depth guide offers some top tips for you.
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