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Free online accounting software

 

I’ve been expecting a free online accounting software to pop up for a while now. The model is quite popular in CRM with Capsule and Zoho. But so far in finance I’ve only found free invoicing tools.

Wave Accounting has a nice simple user interface, is very easy to use and even manages to handle Irish VAT if set up correctly. Its an ideal solution for very small sole traders who are currently using excel (or worse!) and require a simple package. The great thing is if you keep your own books and records in good order in Wave you will pay less for your accountancy.

If you would like to discuss using wave and saving money on your tax return please call us on 01-4800531 or email info@domybooks.ie

Are you wasting time on your accounts?

When I started out working for myself I was using a traditional accounting software package. I would key in all the clients bank transactions, purchase invoices, sales invoices ect. .  and then start my reconciling. The process was laborious and had the potential for human error so everything had to be checked twice.

After two months of this I discovered Xero. When I started using Xero I discovered I could import clients bank statements into the package, Albeit in a round about way it was still much faster and far more accurate than typing them in manually. Spurred on by this I then started using recurring invoices for sales and purchase invoices. (This isn’t an exclusive Xero feature. Most accountancy packages have this feature)

By making those two small changes I can almost double the amount of work I do in a normal working day. This allows me to reduce the amount I charge clients and spend more time giving them quality business information and advice.

If you would like to speak further about saving time and money on your accounts process please contact Ralph on 091-442009 or ralph@domybooks.ie

Xero add repeating invoice

Xero – Error 500 when adding repeating invoice

If you see an error 500 when adding a repeating invoice in Xero the following may work

Xero add repeating invoice

Xero add repeating invoice

Go to

– Settings

– General Settings

-Financial Settings

Xero Financial year end

Xero Financial year end

and check is there a financial year end entered and an end of year lock date.

Filing both of these fields and then saving should fix the error