2018-02-14 02:26:33News and UpdatesEnglishhttps://quickbooks.intuit.com/uk/resources/uk_qrc/uploads/2017/10/quickbooks-app-on-mobile-phone.jpghttps://quickbooks.intuit.com/uk/resources/news-and-updates/quickbooks-not-just-tax-time/QuickBooks – not just for tax time

QuickBooks – not just for tax time

2 min read

It’s over. This year’s tax deadline has finally been and gone, leaving self-employed people across the UK breathing a collective sigh of relief. Many of us see tax as a once-a-year nightmare that’s best forgotten for the other 11 months. But stick with QuickBooks throughout the year and your next Self Assessment should be a breeze.

Stay on top of expenses

Imagine completing next year’s Self Assessement without having to conquer a mountain of receipts. QuickBooks makes it easy to avoid that annual sinking feeling. Just snap each receipt as soon as you get it, then upload it to your account and we’ll automatically categorise it for you. There’s no need to keep all those scraps of paper – or puzzle over random receipts that no longer make sense. Just think of all the time you’ll save when January comes around.

Track your mileage

It’s frustrating to feel like you’re not claiming everything you’re entitled to. It’s also very easy to forget to log every journey you make for work. Let the QuickBooks app track your trips and any you mark as ‘business’ will be automatically entered into your expenses. You can also attach journey details to an invoice if you’re claiming back the mileage from a customer.

Boost your confidence

Keeping track of your business finances in QuickBooks removes the fear factor. No more worries about making mistakes when you enter data manually – with automatic bank feeds and reconciliation you’ll have more time to focus on getting everything else right. That’s why 80% of users say they’re more confident their taxes are done right with QuickBooks.

Get paid faster

Delayed payments can be a big headache when you work for yourself. Of course, the process starts with getting the invoice to your client as soon as possible. And that couldn’t be easier with QuickBooks. Create and send invoices from your phone and track them so know when they’ve been opened, viewed and paid. You can even add a PayPal link and be paid direct from your invoice. So no more “cheque’s in the post” excuses.

See where you stand

Take the guess work out of next year’s tax bill. QuickBooks keeps an updated estimate of the amount you’ll owe HMRC so there are no nasty surprises at Self Assessment time. It also gives you a clear picture of your profits and business activity at the touch of a button.

Make QuickBooks part of your new tax year and get that ‘taxes done’ feeling all year round. Login now to update your account.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

Related Articles

Product Update July

Here’s our regular update on the latest QuickBooks news, to help make…

Read more

Powering Small Business Prosperity in the Global Village

In 1962, Marshall McLuhan predicted the emergence of a “global village” brought…

Read more

QuickBooks Online Accountant - Team Access Frequently Asked Questions

Older versions of QuickBooks Online Accountant were discontinued starting December 3 2015. If you or…

Read more