Simple accounting software for sole traders

SIMPLE ACCOUNTING SOFTWARE FOR SOLE TRADERS MANUAL

SIMPLE ACCOUNTING SOFTWARE FOR SOLE TRADERS MANUAL

With very simple eBay businesses (where all your sales come from eBay/PayPal and your expenses are limited to eBay fees, PayPal fees, postage and of course buying stock) then the manual method is perfectly viable.

To put it simply, your first real choice is whether you want to go down the manual route and record everything yourself (using Excel or simply good old pen and paper!) OR if you want to invest in accounting software, which will help you record and monitor your businessвЂ™ cash flow, profit and loss, invoices, tax liability and even VAT (with some of the more advanced options). So IвЂ™ve finally decided to tackle this subject, as I get an insane amount of questions about it, and even if you just use this as a starting point in your own research, thatвЂ™s still good enough. Why? Well the main reason is that I personally outsource ALL of my accounting to a professional accounting company.ДЄfter all, I always preach about outsourcing and hiring a professional who will do the job better than you, and this couldnвЂ™t be more true than with accounting, especially when you consider the number of different businesses that I own and operate.Д«ut for small business owners and sole traders, who simply need to keep track of everything for their own sake and to help with filling in your basic end of year self assessment, this is not 100% necessary and you can definitely get by using some of the great online tools that are now available. TodayвЂ™s topic, accounting software for eBay/eCommerce sellers, is something that IвЂ™ve put off writing about for a while.

Simple accounting software for sole traders