Twinfield Online Accounting for sole traders
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FLEXIBILITY Choose what you do in-house yourself and what you want to have done by your bookkeeper and/or accountant. You can all work together in the same online accounting program. |
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LOW COSTS No high purchase or maintenance costs for your accounting software. All that's required is a simple monthly subcription. |
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TIME SAVINGS Create and send your invoices online. Instant access to your financial status anytime and anywhere. |
What will I do myself and what will I outsource?
As a sole trader it’s important that your accounting program gives you insight into the financial wellbeing of your business. For example, income and expenditure, profitability and cashflow. In addition you are required by the tax authorities to ensure that your accounting is accurate, as this information is used as the basis for your tax return. You are also required to keep your records for previous years. When creating a financial accounting system, a sole traders must ask, “What do I have time to do myself and what am I going to outsource?”, a decision in which costs will play an important part. In general, good financial administration is best achieved through collaboration between you as a sole trader business and external party, such as a bookkeeper and/or an accountant. Twinfield Online Accounting is the best way to manage things as efficiently as possible.
Optimal collaboration through an online solution
You and your bookkeeper/accountant have constant access to your accounts. You decide what you want to do yourself and what you are going to have done for you. Twinfield Online Accounting can be adapted to suit any kind of collaborative arrangement. And if you later decide to change who does a particular task, Twinfield will allow you to make that change instantly.
Simple, with no hidden costs
For a fixed monthly subscription, Twinfield gives you the resources to efficiently maintain your financial accounts. There are no high acquisition costs for accounting software, no complicated installations and you have constant access to the most up-to-date information.