Earnest a FREE and super simple record keeping app by Claire Georghiades
Earnest is a totally FREE and super simple record keeping app for UK small businesses, startups and the self-employed who need to track income and expenses and want to know how much tax they owe.
The Earnest app enables users to:
- Record income and expenses
- See their bottom line profit or loss
- Get estimates on how much tax they owe
- See upcoming tax deadlines and dates with a “Tax To-do” list
- Capture and store image receipts using their iPhone camera
- Create alerts to remind them of important tax dates and as they near the
VAT Threshold
- Categorise transactions by payment method
- Record cash and non-cash transactions
- Add notes to entries
- Record CIS deductions made on income
- Back up their data by email
Leading online accounting software provider, FreeAgent has designed Earnest as part of the HMRC record keeping app programme, and it is the only free app currently available under the HMRC initiative that also forecasts tax commitments.
The iPhone app has received rave reviews! Available to download in the iTunes App Store, Earnest currently has 24 Ratings averaging FIVE stars! In Computer Act!ve magazine, Tim Smith writes “This clever app won’t do your tax return for you but it will help make sure you don’t get any nasty surprises”
Under HMRC guidelines, many micro-business owners and self-employed people only have to file three-line accounts: showing income, expenditure and profit for the year. However, many people still find this difficult.
Would a free iPhone app help you with keeping your financial records up to date? Have you tried using Earnest? Has this blog been helpful? I would love to hear your views.
Claire Georghiades – Accounts Resource
