Bookkeeping is one of the most important and potentially stressful parts of running any business. It doesn’t matter if you’re a fresh-faced freelancer or a heartless multinational corporation, if your business income and expenditure isn’t properly accounted for then you can end up spending many a sleepless night frantically shuffling through a years worth of receipts and invoices, hoping to somehow balance everything inside a spreadsheet. Worse still, you risk fines and penalties if you don’t properly calculate your taxes.
Even knowing the above, the word “bookkeeping” immediately evokes mundane thoughts of dusty offices and leather-bound ledgers being thumbed through by monocled gentlemen in pinstripe suits. It’s difficult to get excited about taxes and spreadsheets, isn’t it?
Fortunately, bookkeeping doesn’t have to be mundane. After spending some time with FreeAgent, it’s actually — dare I say it — fun!
I wrote a rather extensive review of FreeAgent, an online accountancy and bookkeeping service that I’ve been using for almost two years (which should probably tell you something about how the review turns out).