Replace Your Spreadsheet with DEB Reliable Business Accounting Software for Making Tax Digital
Income Tax • VAT • Credit Control
Computerised Double-Entry Bookkeeping
For Sole Traders, Landlords and People who are Self-Employed
Record relevant financial transaction data, smartly and accurately throughout the year, in the
most consistent and organised way.
Accurately track your Business Income and Expenses
Know precisely what you owe, what you are owed, and your timescales for taking receipts and making payments.
Extract accurate Revenue and Expense account data for timely reporting to HMRC
Avoid Late Filing Penalties, Unnecessary Legal Costs and Unnecessary Professional Fees.
Receive more accurate estimates of your pending Income Tax Liability.
Experience Digital Accounting using DEB, Completely Free of Charge. *
DEB is a genuine digital double-entry bookkeeping application, which ensures that every transaction recorded maintains a balanced set of financial
accounts for your business.
The application enables you keep a reliable record of the relevant data needed to create accurate financial statements for your business, including
the Balance Sheet and Income Statement. Two important documents that present the true financial position of your business (on a given date) and
the performance of your business, in terms of income and expenditure, during a given period.
Important: If you use a computerised record keeping solution, you should never find a discrepancy between the Debit and Credit totals in your trial balance.
DEB enables you keep a reliable record of the relevant data needed to create accurate financial statements for your business, including
the Balance Sheet and Income Statement, two important documents that present the true financial position of your business (on a given date) and
the performance of your business, in terms of income and expenditure during a given period.
DEB makes the double-entry part of the method easy, you enter the transaction's details once and the links between the 'debit' and 'credit'
accounts are automatically created.
You see each side of the transaction immediately upon entering your data.
In the case of recording VAT transactions, you see how the total value is distributed between the three relevant accounts,
one of these being the VAT Control account.
You have an up-to-date account of the VAT due (or reclaimable) and up-to-date accounts of Receivables (payments due in from credit customers) and
Payables (payments due to credit suppliers). You know exactly what you owe and what you are owed, and your time scales for receiving and making payments.
DEB makes tracking debt easy. If you offer a credit (invoicing) facility to customers or receive invoices for goods purchased from credit
suppliers, you simply add accounts for new customers and suppliers as and when required. Credit sales and credit purchases are then linked to
these accounts automatically, synchronised with the 'Receivables' and 'Payables' accounts in your General Ledger.
DEB promotes best practise by requiring you to 'bring forward' your balance on a regular basis.
On bringing forward your account balances, the records of all transactions recorded during the period are stored in a named folder on your
own computer. You choose the name and location of the folder.
Files stored on bringing forward your account balances maintain an accurate account of changes in your business records throughout the
year, satisfying the very important requirement for keeping consistent records, for Making Tax Digital. These files may be copied but the
original files should never be modified for any reason, just stored and backed-up.
You might use and manipulate a copy of your stored records from time-to-time, for cash flow forecasting, for example, or to gain some
other insight from your data. Additional data export facilities are provided.
IMPORTANT: The standard DEB service for making tax digital does not provide long-term storage for your data.
It provides the double-entry bookkeeping process and tools that enable you to export and keep your own data, in a well organised and accessible format.
The standard license permits the owner to process 1750 transactions per year, bringing forward account balances after every 35 transactions (or sooner if
required).
* 28 day free trial period. If you find value during your trial, purchase a license for only £8.29 per month.