Are you a sole trader and want to know about new software that might make life easier and save money? Do you want to know about an alternative to xero so you can reduce your monthly accounting software fees?
Existing accounting software for sole traders can seem either complicated or expensive. Xero is fantastic, but at $50 per month it’s deemed too expensive for some. Other accounting software can be complicated, poorly designed and also expensive, leaving you frustrated about your choices. In 2018, accounting software should be easy, affordable and enable you to run your accounts from a phone or tablet.
Rounded.com.au may be what you are after. Features include;
- It is Australian made so has an Australian feel about it, in terms of the language
- Australian tax calculation built in, very handy
- Fully cloud based with an iphone and android app
- Connects with your bank to eliminate data entry
- Allows for receipts and invoices to be uploaded through the app
- Time tracking for projects and customised hourly rates, to easily create invoices
- Ability to create quotes, recurring invoices and automated invoice follow-ups
- An attractive, simple interface (screenshot of dashboard is below)
- BAS reporting
This is an impressive list of features and covers everything you need for a sole trader business, without unnecessary complications.
This is new software and I’ll be trialling it over the next few months and keeping track of progress on my blog, so stay tuned for updates. You can also sign up for a trial at https://rounded.com.au/
In summary, it looks like easy to use software that’ll let you get on with life rather than wasting time and money dealing with accounting software, as well as helping to keep your tax obligations in check. Accounting may have just moved from annoying to almost enjoyable even for sole traders.
