Clear Books is an online accounting software designed specifically for small businesses. According to the vendor, this solution caters to the needs of small business owners, accountants, construction and trade professionals, self-employed individuals, and freelancers. With its user-friendly interface and a range of features, Clear Books aims to assist in managing finances and streamlining accounting processes across various industries.
Key Features
Invoices: Clear Books allows users to create customised and professional invoices, send automatic payment reminders to clients, and accept payments securely through partnered payment providers.
Instant Bank Payments: According to the vendor, customers can make quick and secure payments through the Instant Bank Payments feature.
Bill & receipt tracking: Clear Books enables easy tracking of bills and purchases, providing instant visibility of the amount owed to suppliers and VAT claimable. Additionally, the Auto Bills feature simplifies purchase entry.
Auto Bills - easy purchase entry NEW: The vendor claims that Clear Books offers a faster and more accurate alternative to manual entry by allowing users to capture bills and receipts easily and accurately.
Bank feeds & uploads: By linking Clear Books with bank accounts, users can automatically import transactions, facilitating the quick reconciliation of payments with invoices, bills, and expenses.
Payments: According to the vendor, Clear Books allows users to make payments to suppliers quickly and securely. The click-to-pay feature further expedites payments using a Revolut Business account.
Reporting: Clear Books provides users with the ability to generate a variety of basic and advanced management reports. These reports include a snapshot of business success with Profit & Loss and Cash Flow reports.
Self Assessment: Clear Books enables users to track income and expenses, simplifying the process of filing self-assessment tax returns.
VAT Online: Clear Books allows users to track VAT and submit MTD VAT returns to HMRC. According to the vendor, submitting VAT returns is a straightforward process that can be completed in just three steps.
Construction Industry Scheme: Clear Books offers features to easily manage CIS requirements. Users can list CIS deductions on invoices, verify subcontractors, and submit CIS returns to HMRC.
