Starting a practice - what tools will you need?
In response to a regular stream of queries Simon Hurst of The Knowledge Base sets out to catalogue the software and systems needed to equip a practice. This introductory overview highlights all the ingredients you will need to consider.
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Client Tools
Your clients will also ask you for suggestions on which accounting software to use. I run a wholesale jewelry business, and I asked my accountant for the best solution when I first started. I used a desktop software from one of the industry leaders but I felt it was too complicated with too many features. Last year, my accountant recommended Billing Boss to me (http://www.billingboss.com) which is a free online invoicing tools which can currently create unlimited invoices for unlimited customers. It records all the invoices I need, and it also lets my accountant keep track of all the invoices and payments received in real time. It's a lot more straight forward, and I've made way less mistakes - which I know my accountant/bookkeeper appreciates when they work on my files.
Please note: This author has been compensated by Sage.



Tools?
Just how many "tools" can be used besides the mainstream accounts, tax and practice management software? There are a huge number of useful resources - and a detailed overview can be found at http://www.accountantspowertools.co.uk - which has been referred to on AccountingWeb on numerous occasions.