Every business needs a proper section where the team delivers high standard accounting, bookkeeping and taxation work for the firm. Either the business chooses to keep inhouse department to do all financial work or planning to outsource their accounting work to a third party by leaving all hassle of maintaining the inhouse. There will be always a need for softwares to run the task smoothly by infusing the technology at the best.
New businesses are evolving with new challenges especially in the accounting industry where the online application of accounting and taxation are introduced with a mix of AI, Blockchain. Making Tax Digital is one of the best examples you can see to ensure that technology will take over and keep the process fast and reliable. You can also listen to the latest podcast done with Chris Heyes on UK accounting Industry for more insight on how technology is changing the accounting to another level.
For hiring an outsourcing accounting firm, you should always seek a team that has responsible, trained, and experienced staff. But knowing they are specialized only to work is enough? With the latest softwares coming in the market, you must ask your outsourcing team on what softwares they are profound.
Here is the list of accounting softwares, UK accounting firm used to do Accounting outsourcing, Bookkeeping outsourcing and Taxation outsourcing.
Xero
Xero offers a cloud-based accounting software platform for small and medium-sized businesses. It is the most widely used online application for accounting.
QuickBooks
QuickBooks is an accounting software package developed and marketed by Intuit. QuickBooks products are geared mainly toward small and medium-sized businesses and offer on-premises accounting applications as well as cloud-based versions that accept business payments, manage and pay bills, and payroll functions.
TaxCalc
It is an award-winning tax software which is very useful in UK accounting and tax management.
Sage
Sage is an accounting and business management software for small business creates invoices, processes transactions, and helps you sell products in the office or on the go.