Are you using Excel or paper-based ledgers for your accounting because they’re familiar, free, and easy to access? While those methods might seem convenient, switching to FreeAgent could save you time and reduce headaches in the long run. Here’s why:

1. Seamless Bank Integration

FreeAgent and Mettle offer direct banking integration, which means transactions made from your Mettle account are automatically imported into FreeAgent. All you need to do is assign them to the appropriate category. This feature not only minimises the risk of input errors but also reduces the time spent managing each transaction.

2. User-Friendly Mobile App

With FreeAgent’s intuitive app, you can handle most of your bookkeeping tasks directly from your phone. This includes taking pictures of receipts and uploading them directly into the system. While I recommend also storing these receipts in a second cloud-based system for extra backup, FreeAgent makes it incredibly easy to stay organised on the go.

3. Accountant Access

If you have an accountant, now or in the future, you can grant them direct access to FreeAgent. This eliminates the need to send additional paperwork, as your accountant can view all your receipts and documents stored within the system. It’s a hassle-free way to ensure your financial records are always up to date.

4. Scalability

As your business grows, so too will your accounting needs. FreeAgent is designed to scale with you, handling an increased volume of transactions without significantly increasing the time required to process them. It’s a long-term solution that grows alongside your business.

5. Instant Cashflow Overview

FreeAgent features a built-in small business dashboard that provides an instant overview of your cashflow, profit and loss, and invoicing (when invoiced via FreeAgent). This real-time insight helps you make informed decisions and keep your business finances on track.

6. Ready for Making Tax Digital (MTD)

FreeAgent is Making Tax Digital (MTD) ready and compliant with MTD for Self-Assessment. As HMRC transitions to more digital reporting, self-assessment will move from annual reporting to quarterly updates and an end-of-period statement for the business, followed by a final annual declaration. Although Making Tax Digital may not apply to you yet, it will do one day, and it’s handy to have.

Switching to FreeAgent can streamline your bookkeeping process, save you time, and ensure you’re ready for future tax changes. Why not make the leap today and see the benefits for yourself? You could try my seamless FreeAgent Set-up service to make it easy too!