FreeAgent is an amazing online book-keeping tool and once you start using it you will wonder how you managed without it. We are accountants who specialise in working with FreeAgent and have outlined just a few reasons to try it out below.

FreeAgent

Track your Salary, Expenses and Dividends quickly and easily with the inbuilt functionality. This will also enable you to keep an eye on your potential personal tax situation throughout the year and allow us to help you plan effectively. A unique feature of FreeAgent is that it will allow you to automatically create Minutes and Dividend Vouchers, an essential exercise when taking money out of your business as a Dividend but one that is often missed by small business owners.  Also FreeAgent cleverly makes an estimate of your companies corporation tax position in real time.

Raise and Email your Sales Invoices anywhere with the Freeagent App. As long as you have internet access either through your laptop, tablet or mobile phone you will be able to raise your sales invoice and email it to your customer using the standard webpage or the downloadable App.

Upload your Bank Statements and reconcile your accounts up to date in a matter of minutes. FreeAgent accepts uploads in OFX, QBO, QIF and some CSV formats, meaning as long as you have an online access to your business account you will be able to quickly upload statements into your FreeAgent account. Also some banks allow automatic feeds of data into FreeAgent which makes things even easier.

Review your tax in real time with the FreeAgent Taxes module, which will not only estimate your corporation tax but also your personal tax and PAYE obligations. As with any system however it is only as good as the accuracy of data that you feed into it, so if you don’t feel confident that you can keep your books up to date and accurate, it may be worth asking us to keep track of your books for you. We know FreeAgent inside out so we can harness all of the efficiencies on offer.

Collaborate Online with us, your bookkeepers and other stakeholders you might need to report to. You can even tailor the access of each user, to ensure that they cannot sensitive financial information. Our clients love that we can login to their FreeAgent and deal with any issues they are having or be able to assess their personal or business tax position in real time to enable us to add real value with tax planning for example.

If you would like to discuss whether FreeAgent is suitable for your business and how we can work with you to provide accounting services please don’t hesitate to get in touch.