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Why you should choose accounting software over spreadsheets

12th Oct 2020
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Spreadsheets certainly have their purpose for complicated calculations, but using a cloud accounting software to manage finances can offer a better solution.

If you’re considering switching from spreadsheets, Bokio’s cloud accounting software is a great alternative. It’s free, easy to use, and a trustworthy way of managing accounting.

Why not spreadsheets?

Although spreadsheets are a good solution for complicated accounting, it’s often not the most secure choice. It’s easy to lose work or make mistakes. Following privacy regulations is important, and if spreadsheets aren’t encrypted it can put your client’s data at risk.

Instead, choose a cloud accounting software that takes security seriously! Look for encrypted software with regular backups to ensure that your client’s data is secure and can’t be lost.

Quick and easy automated reporting

Automated reporting saves time, and offers an accessible solution for your clients. Bokio accounting software has reporting on income, expenses, invoices and customers at a glance. To dig deeper, there are also Profit and Loss, General ledger and Balance sheet reports which can easily be exported to Excel if you need to.

No need for bridging software

Bokio is a Making Tax Digital compliant software. So, you can submit automated MTD VAT Returns totally free. All you need to do is get your client’s bookkeeping done, connect with HMRC and check the return before you submit it. This is a great time saving tool to simplify VAT submissions!

Simple collaboration

Working with clients means you need to get their information in good time to complete your tasks. Accounting software that lets you seamlessly collaborate with your clients will make your job easier. 

With Bokio, your clients can use bank feeds and receipt uploads to make sure you have access to all their transactions. Plus, integrated invoicing and expenses means you’ll have full access to your client’s finances.

Everything in one place

Unlike spreadsheets, accounting software can have great benefits for your clients too. Not only can your clients have a hands-on approach to their accounting, but they can also manage their business too.

Bokio’s invoice generator lets your clients create branded invoices, send them to their customers, and record them with their accounting. Your clients can also manage expenses in the same place too. No more switching between software or missing payments. 

About Bokio accounting software

Bokio’s free accounting software offers bookkeeping, invoicing and expenses management. It’s a great solution for collaborating with smaller clients, like small businesses, sole traders and freelancers. Bokio helps you save time and money by using automation, so you can focus on offering high value advisory services.