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Best Cloud Accounting Software for Sole Trader to Manage Bookkeeping & Self-Assessment

Nomisma is one of the best accounting software for sole traders. The self-assessment feature of this software help sole traders in submitting self-assessment tax returns to HMRC directly from the system. It also helps in minimizing your time spent on laborious admin tasks and covers everything from bank interest & capital gains to dividend income & pension contributions. Bookkeeping feature of cloud accounting software help sole traders in recording the amount of cash received as well as the types of goods/services. It also helps in making your reimbursements easier and automatically reconciles your accounts.

Bookkeeping for Accountants

Features of Sole Trader Self-Assessment Software

Feature
HMRC compliant and registered

Submit self-assessment returns directly from the system, with a full status report

Feature
Submission report

The system will let you know if the HMRC has accepted your submission

Feature
Full integration with the bookkeeping module

Prepopulate self-assessments with information from bookkeeping. No re-keying and less risk of any costly mistakes

Feature
Dashboard

Know exactly where you are with your tax submission. Covering everything from bank interest and capital gains, to dividend income and pension contributions

Feature
Reports

Full tax break down report. Know exactly how your return has been calculated

Feature
Working papers

Attach and keep all related documentation in one place. Slash your time spent on laborious admin tasks

Features of Sole Trader Bookkeeping Software

Feature
Bulk upload and send facility for sales and purchase invoices

Allows you to do multiple tasks in one action freeing up more time to advise your clients

Feature
Upload and send subcontractor bills with incorporated CIS

Calculation making all your subcontractor billing needs simple and efficient

Feature
Customisable outputs

Personalise your invoices with your company/trading logo

Feature
Paperless bookkeeping

Attach copies of all relevant documents to any transaction in multiple formats - no more searching through folder after folder of paper for that receipt!

Feature
Mobile app

No exactly where you stand with you finances on the go. Also make a record of all your invoices/receipts on the go uploaded directly to your account

Feature
Unique takings sheet

Record exactly how much cash was received and the type of goods/service it should be allocated to leading to stress free reconciliation

Feature
Powerful and unique reports such as VAT comparison

Built in algorithm to let you know whether you are the most cost effective VAT scheme. You could be losing thousands of pounds

Feature
Reimbursements are made easy

With our expense input organised by type (Allowance, Expenses, Payment from Personal Account etc.) and unique features such as Home as Office Expense you will always know how to get your clients the best return

Feature
Automatic reconciliation

Put all those hours you spend on bank reconciliation to better use with our intuitive system that recognises your transactions and matches them for you. Tell it once and it learns!

Feature
Integration

Seamlessly links with our self-assessment module for your tax return. No more re-keying critical information

Start 14-day free trial

Nomisma software is fully compliant with HMRC's iXBRL filing system and ensures control and security of your clients data.

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