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With the development of online services in recent years, more and more traditional office based tasks are being moved online where users benefit from the grealty reduced costs. With small businesses spending a significant amount of their hard earned income on completing year end accounts, an online solution is likely to flourish.

As part of our search for a reliable, cost-effective accountancy solution, we investigated several online solutions, but ultimately we decided to go with Free Agent Central. This service costs from £150 a year for a sole trader and £250 a year for a Limited company. If you are refered by an existing customer, you’ll also receive an additional 10% discount.

For Ribit Solutions, this was a no-brainer. £1000 a year for an accountant to compile our accounts, or £250 for an online management system that enabled us to track customers, projects, estimates, timesheets, bills, invoices and bank transactions over the year and ultimately produced a full set of both company and personal accounts. Our regular accountant (who thankfully is a friend) has even admitted that we’d be stupid not to use it!

By visiting the Free Agent Central website, you can try the system online for free and if you like that, you can even sign up for a 31 day free trial, with no obligation to buy.

I don’t want to go on and on about this, but it seems like such a brilliant system I thought you’d appreciate the heads up.

To get a 10% discount on the annual price, you can just type in the following code when you sign up for the trial: 32z88q58

If you want to reduce the cost of your accountancy, then I would highly recommend Free Agent Central to you. Visit the website for your free 31 day trial and see what you think.