Meet the Other Phone. A phone that grows with your child.

Meet the Other Phone.
A phone that grows with your child.

Buy now

Please or to access all these features

Money matters

Find financial and money-saving discussions including debt and pension chat on our Money forum. If you're looking for ways to make your money to go further, sign up to our Moneysaver emails here.

Expensify et al, are they all much of a muchness?

6 replies

mckenzie · 08/09/2019 12:18

DH, a small business owner, spent hours yesterday trying to sort out his expenses, credit card statements etc.

I'm sure there are ways of making it easier for him and so far we've found a few apps that look useful.

Does anyone have any experience and/or recommendations please?

He has an android phone (google), not Apple in case that is relevant.

TIA

OP posts:
TheRebelAlliance · 08/09/2019 12:40

i use quick books £10.80 a month- does HMRC returns and everything. I am a limited company though-links to bank account

mckenzie · 08/09/2019 13:02

Thanks Rebel. I'll take a look at it.

OP posts:
taxguru · 08/09/2019 20:37

I'd recommend Freeagent if it's a relatively simple business, say just charging out his own time, such as a consultant or contractor.

If he's buying and selling goods, then I'd recommend Xero.

Both import directly from the business bank account, provide for importing photos/scans of invoices etc.

mckenzie · 08/09/2019 21:12

thanks for the reply taxguru. DH needs something to help with his expenses, not invoicing etc. Currently, he keeps his receipts in date order and then when the credit card statement arrives, he ties up the receipt to the statement and then itemises it for expenses. A lot of what he's buying is on line so he might have no physical receipt but will have an invoice/receipt via e mail.
His business uses Onedrive so something that is compatible for that would be good. I've read somewhere about an app where you photograph the receipt, fill in a few boxes and it digitally files it ready for month end expenses.

OP posts:
Kazzyhoward · 09/09/2019 09:17

I've read somewhere about an app where you photograph the receipt, fill in a few boxes and it digitally files it ready for month end expenses.

You can do that with Xero and Freeagent as I mentioned above. Most online accounting software has that facility. Some do it within their software, others use Receipt Bank which is a scanning/reading system that can either provide a excel report/summary of expenses, or can import the data straight into the online software you chose to use. I'd have a chat with your accountant to see what software they prefer/recommend.

mckenzie · 09/09/2019 16:31

Kazzyhoward, have you name changed? Smile

OP posts:
New posts on this thread. Refresh page
Swipe left for the next trending thread