Sage UK, the leading business software and services provider, today unveiled Sage Record Keeper, a free iPhone mobile app for busy self employed people, sole traders and sub-contractors to keep simple cash records on the go. Sage has developed the app, working closely with HM Revenue and Customs (HMRC) in support of their national campaign helping business people feel confident about better record keeping, freeing up valuable time to focus on running their businesses.
Designed to help small businesses keep convenient and simple cash records in one place, Sage Record Keeper is a free and easy way to enter and track income and expenditure on the move. Information can also be backed up using iCloud.
Users can instantly see a cash balance, or select a year or month view and store unlimited tax years for reference or auditing. Multiple photos of receipts can also be stored for easy and efficient organisation and auditing for the HMRC or bank. In addition sub-contractors can automatically calculate and record their Construction Industry Scheme (CIS) deductions and so ease their time and costs in meeting their CIS obligations.
Included in the app is information and guidance from HMRC to help businesses understand and manage Tax Self-Assessment as well as estimate tax liability. There is also an option to help avoid paying penalties by providing deadline reminders that can be added to a phone’s calendar.
“You no longer need to rummage through piles of your receipts to get a full picture of your business as Sage Record Keeper allows you to record and search for cash records in seconds,” explained Nicole Anderson, Business Development Director at Sage UK, whose teams have been working closely with HM Revenue and customs (HMRC). “We believe that Sage Record Keeper’s simple means of managing such information via your mobile phone will be a huge benefit to busy entrepreneurs.”
Sage Record Keeper launches today as part of an ongoing campaign with HMRC to help some ¾ million people (sole traders, self-employed and sub-contractors) meet their record-keeping obligations and is downloadable for free: http://itunes.apple.com/gb/app/sage-record-keeper/id516252237?ls=1&mt=8