The Best Accounting Software for HiPages

February 20, 2024
5
minutes to read
by
Alice Surdy
Table of Contents

Running a business takes a lot of effort, but with the right accounting software, managing the financial aspect becomes a whole lot easier. HiPages, Australia's leading platform for finding and hiring trusted tradespeople, has unique accounting needs. Fortunately, there are a variety of software options available that cater to those specific requirements. This article will take a closer look at the best accounting software options for HiPages and help you identify which one is the best fit for your needs.

Understanding the Needs of HiPages Users

As a tradesperson on HiPages, your work is always on the move. You need accounting software that can keep up with your busy schedule while also providing essential features for managing invoices, tracking expenses, and monitoring time. But, did you know that accounting software can do much more than just handle your finances?

With the right accounting software, you can gain valuable insights into your business operations and make informed decisions to help you grow your business.

Managing Invoices and Payments

For HiPages users, invoicing is a crucial task. But, did you know that a professional-looking invoice can also help you build trust with your clients? Accounting software that allows you to create customised invoices with your branding and send them to clients with just a few clicks is essential.

But, that's not all. You should also look for software that allows you to accept online payments, which can make receiving payments quicker and more convenient. With online payments, you can get paid faster and spend less time chasing payments.

Tracking Expenses and Receipts

As a HiPages user, you need to keep track of all your business expenses. But, did you know that tracking your expenses can also help you identify areas where you can save money? Accounting software that lets you record expenses and attach receipts – and many that can import receipts directly from your phone’s camera – makes it simple to manage expenses and minimise errors in your bookkeeping.

By keeping track of your expenses, you can identify areas where you can cut costs and increase your profit margins.

Tax Tracking and BAS Lodgment

HiPages users often work on multiple jobs simultaneously, so time tracking your tax position is critical. But, did you know that accurate tax tracking can also help you improve your productivity?

With the right accounting software, you can track your tax on each job and identify areas where you can reduce your tax bill. Up-to-date GST reconciliation can prevent tax overpayment and ensure that you're maximising the tax deductions you can claim. Also, accurate tax improves the accuracy of your BAS lodgments which is required if you are registered for GST.

By using accounting software to manage your time and jobs, you can increase your productivity and profitability.

Top Accounting Software Options for HiPages

As a tradesperson on HiPages, managing your finances can be challenging. However, with the right accounting software, you can easily keep track of your expenses, invoices, and payments. Here are some additional details about the top five accounting software programs that are suitable for HiPages users:

1. Thriday (Top Rated)

Thriday an excellent accounting software option for HiPages users. It's an easy-to-use platform that provides various features that cater to business needs, including invoicing, expense tracking, and tax management. This comprehensive tool streamlines financial processes, offering numerous benefits to tradespeople.

Thriday simplifies banking by providing a user-friendly platform that includes an integrated bank account* and Visa Debit card*. Tradies can conveniently view and manage their accounts, track transactions, and make payments, all within a single interface. With secure access to their financial data, they can easily monitor cash flow and make informed decisions.

In terms of accounting, Thriday offers powerful features tailored to tradies' needs. It automates tasks like invoicing and expense tracking, saving valuable time.

Moreover, Thriday's tax management capabilities are invaluable to tradies. It assists in organising receipts, categorising expenses, and tracking deductible items, enabling accurate and efficient tax reporting. By simplifying tax compliance, Thriday helps tradespeople avoid costly errors and minimise their tax liabilities.

Thriday's all-in-one platform

2. Xero

Xero is another great option for HiPages users. It's easy to use and packed with features that can help you manage your finances with ease. Its features include invoicing, bank reconciliation, payroll features, and inventory management. It integrates well with the HiPages platform, so you'll be able to manage your trade business efficiently. Xero also offers a mobile app, which is perfect for tradespeople who are always on the go.

3. MYOB

MYOB is an accounting software that has been around for many years and is designed to cater to Australian businesses. It offers some essential features such as invoicing, payroll, and time and expenses tracking. MYOB Essentials is undoubtedly a good fit for HiPages users who want an intuitive, simple accounting solution that integrates with the HiPages platform. Additionally, MYOB offers excellent customer support, which is ideal for HiPages users who need assistance with their accounting needs.

In conclusion, choosing the right accounting software is essential for HiPages users who want to manage their finances efficiently. By selecting one of the above options, you can easily keep track of your expenses, invoices, and payments, allowing you to focus on growing your trade business.

Comparing Features and Pricing

Choosing the best accounting software for your HiPages business can be a confusing task. Here's an in-depth look at factors that you should consider when selecting accounting software:

Ease of Use and User Interface

Managing your finances should not be a complicated task. Accounting software that is easy to use and has a user-friendly interface can save you lots of time and frustration. Xero and FreshBooks have particularly user-friendly platforms, while MYOB is also relatively straightforward to navigate.

Having an easy-to-use accounting software can help you stay on top of your finances and ensure that your records are accurate. It can also save you time that you can use to focus on other aspects of your business.

Reporting and Analytics

Generating reports and understanding the analytics of your business is crucial to making sound financial decisions. QuickBooks Online has been the leader in this aspect, but most of the five software options provide reporting and analytics features.

Having access to detailed financial reports and analytics can help you identify trends in your business and make informed decisions about your future. It can also help you identify areas where you can cut costs or increase revenue.

Customer Support and Resources

Suppose you ever have questions or need help with your accounting software. In that case, it's essential that you select a platform that provides good customer service and has helpful resources. QuickBooks Online and Xero have excellent customer service, while Freshbooks' customer support is available via live chat. Zoho Books has a vast resource centre that contains lots of helpful articles and videos.

Having access to good customer support and resources can help you resolve issues quickly and efficiently. It can also help you learn how to use your accounting software more effectively.

Pricing and Subscription Plans

The cost of accounting software can vary significantly, depending on the features it provides and the subscription plan that you choose. MYOB Online and Xero are the most expensive, with Thriday being more affordable. Thriday is the best option if you are looking to keep cost minimal.

When selecting an accounting software, it's important to consider your budget and the features that you need. While some software may be more expensive, it may provide features that can save you time and money in the long run. On the other hand, if you have a tight budget, you may want to consider a more affordable option that still provides the features you need.

Final Thoughts

Choosing the right accounting software for your HiPages trade business can significantly impact your financial success. Each of the three software options mentioned above provides features and benefits that can help make accounting tasks more manageable. Choose the option that offers features aligned with your business needs and provides excellent customer support to help you grow your business quickly and efficiently.

DISCLAIMER: Team Thrive Pty Ltd ABN 15 637 676 496 (Thriday) is an authorised representative (No.1297601) of Regional Australia Bank ABN 21 087 650 360 AFSL 241167 (Regional Australia Bank). Regional Australia Bank is the issuer of the transaction account and debit card available through Thriday. Any information provided by Thriday is general in nature and does not take into account your personal situation. You should consider whether Thriday is appropriate for you. Team Thrive No 2 Pty Ltd ABN 26 677 263 606 (Thriday Accounting) is a Registered Tax Agent (No.26262416).

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