Rapid Reckoning Limited
Rapid Reckoning Limited registered in England and Wales, company number 07086684, registered address
1 Green Acre, Aldershot, Hampshire, GU11 3JL © Rapid Reckoning Limited 2018
Small businesses are increasingly being attracted by the benefits of online accounting software. This is an example of “cloud computing” or “Software as a Service” (SaaS). Instead of installing software on your own computer, you simply access your accounts using a web browser from any computer. You can even use a tablet or smartphone. What are the benefits?
Online accounting software is generally very user friendly. It is designed for people
who are not trained accountants or bookkeepers. It normally operates on a pay-
About one third of Rapid Reckoning’s clients use online accounting software. It is not the best solution for all businesses but we can advise on whether it is suitable for you and help you to transfer to it.
If you are selling goods or services on credit, the first step to getting paid on time is to issue an invoice. Issue it as soon as you can and avoid giving the customer any excuses to delay payment! Make sure it includes the following information.
Make sure also that the arithmetic is correct!
If you are VAT registered, you must follow HMRC’s rules on what constitutes a valid VAT invoice. They are quite detailed and there are some things in there that may surprise you. For example, did you know that there is a 30 day time limit for issuing VAT invoices? Click on the following link for HMRC’s guidance.
Rapid Reckoning is a member of the KashFlow Affiliate Programme. This means that, if you sign up through us, you may get a reduced monthly fee for 6 months, depending on the plan that you choose. Click below to find out more about KashFlow and to register for a 14 day free trial.