Liberty Accounts

Liberty Accounts, developed by Athene Systems Limited, is an accounting and payroll software specifically designed for small businesses, charities, and churches in the UK. According to the vendor, this cloud-based software offers a range of features to assist accountants, bookkeepers, small business owners, charity administrators, and church treasurers in managing their finances effectively. With its user-friendly interface and tailored functionalities, Liberty Accounts aims to provide efficient and compliant financial management for organizations.

Key Features

Comprehensive Accounting and Payroll Software: Liberty Accounts offers a suite of tools for managing the accounts and payroll of UK businesses, charities, and churches. According to the vendor, the software covers various financial aspects, including budgeting, fund accounting, VAT, stock, and Gift Aid management.

Not-for-profit Organization Support: Liberty Accounts includes features specifically designed to address the needs of not-for-profit organizations. According to the vendor, functionalities such as fund accounting, integrated donor ledger, and Gift Aid support aim to streamline financial management for charities and churches.

Cloud-based Solution: Liberty Accounts is a cloud-based software, eliminating the need for regular software upgrades and backups. Users can access their financial data securely from anywhere, anytime, without the hassle of installation or manual updates, according to the vendor.

Easy VAT Return Filing: The software simplifies the preparation and filing of VAT returns, ensuring compliance with the Making Tax Digital requirements. According to the vendor, Liberty Accounts aims to help businesses track and manage their VAT obligations efficiently, saving time and reducing the risk of errors.

Integrated Payroll System: Liberty Accounts offers an integrated payroll system that is RTI compliant. According to the vendor, users can automate the payroll process, making it efficient and stress-free. The software handles various payroll tasks, including salary calculations and payslip generation.

Time-saving Bank Imports: Liberty Accounts allows users to import bank transactions, streamlining the tracking of expenditure and income. According to the vendor, this feature aims to help businesses reconcile their accounts more efficiently and maintain accurate financial records.

Collaborative Features: The software provides collaborative features that enable easy collaboration and management of business finances in the cloud. Multiple users can work together on financial tasks, ensuring effective teamwork and streamlined financial processes, according to the vendor.

Fund Accounting for Charities: Liberty Accounts includes a dedicated fund accounting feature that addresses the specific needs of charities and churches. According to the vendor, this functionality allows organizations to track and manage funds separately, ensuring transparency and accountability.

Gift Aid Support: With an integrated donor ledger and streamlined Gift Aid preparation and filing, Liberty Accounts aims to simplify the Gift Aid claim process for charities. According to the vendor, this feature promotes regular claims, improving cash flow for not-for-profit organizations.

Payroll Costing Made Easy: Liberty Accounts simplifies the process of distributing staff costs across various aspects of a business. According to the vendor, users can accurately allocate costs and budget for projects with three levels of analysis: organizational, employee, and pay element. This feature aims to save time and reduce potential errors.