It goes without saying that accurate and thorough record-keeping is one of the most vital parts of your business. Failing to do so can result in disaster, especially when it comes to filing your tax returns and can end up being a costly lesson. To avoid having to learn this the hard way, the singlemost important piece of advice we can give you is stay away from free accounting programs! Honestly... here's why:
Firstly, free programs ("freeware") are exactly what they say they are... free. That means if you have any technical difficulties with using a certain product, you can be assured that you won't get any help from the developer. Secondly, none of these products will stand by you if anything goes wrong. Imagine it's time to prepare your Corporation Tax return and your program gets corrupted? Is your business worth that level of unnecessary risk?
With the range of software designed specifically for small business on the market today, there is no reason to go for one of the lower-cost solutions from an established and reputable company. Remember, you want a combination of world-class support and the ability to expand your software needs as your business grows.
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