Every business no matter what your structure is Sole Trader, Small Business etc. needs to have a system in place for recording and maintaining their ingoing’s and outgoings. If you’re not looking to spend a heap of money on an accounting program however want to use something better than and Excel spreadsheet that is user friendly, don’t worry you have options. Because most people tend to be moving towards the cloud due to its ease of access I have prepared some points for the most popular cloud accounting programs in my opinion, Xero & Wave.
Both of these accounting programs are brilliant and with over 2.5 million Wave users and 500,000 Xero subscribers it depends on your needs as to which one you prefer. Either way your Accountant will love you for being organized come this tax time.
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