Simply put, bookkeeping software (or: accounting package) is software that allows you to do your bookkeeping. Most bookkeeping programmes track your income and expenses. Often you can also:
Not every sole trader has specialist bookkeeping knowledge. That’s why we make it easy for you. How? By linking your bookkeeping software to your ING business account.
"},"textLinks":[{"url":"https://www.ing.nl/en/business/digital-banking/simple-bookkeeping/accounting-software-link","text":"Check which bookkeeping programmes we support"}]},{"componentType":"paragraph","title":"Don’t have bookkeeping software yet?","richBody":{"value":"We have a direct bank link with 15 partners. This means you can easily link all recommended bookkeepingprogrammes to your business account in My ING Business. You can then start Simple Bookkeeping straight away.
"},"textLinks":[{"url":"https://www.ing.nl/en/business/digital-banking/simple-bookkeeping/accounting-software-link","text":"Compare bookkeeping programmes for sole traders"}]},{"componentType":"sectionTitle","title":"Main bookkeeping functions with bank link"},{"componentType":"paragraph","richBody":{"value":"Have you linked your bookkeeping programme to your business ING account? Then you save time and possibly avoid mistakes. You also benefit, like many other sole traders, from the following bookkeeping functions:
The cost of a bookkeeping programme varies from around ten pounds to several tens of pounds per month. This depends on the provider and what you want to be able to do with the bookkeeping software. Many sole traders have a not too complicated administration. In that case you can often start with a simpler (and therefore cheaper) package.
Good to know: many bookkeeping programmes offer a free trial period. This way you can try the bookkeeping software before you take out a subscription.
Do you want to save a lot of time on your administration as a sole trader? And do you choose a bank link between your business ING account and one of the bookkeeping programmes we support? Then keep in mind the following monthly costs for the link (excluding VAT):
Yes, the costs for a bookkeeping programme count as business expenses for you as a sole trader. This means your subscription costs for bookkeeping software are fully tax deductible.
Read more about deductible expenses on Belastingdienst.nl
"}},{"title":"Is a bookkeeping programme suitable for every sector?","richBody":{"value":"In principle yes. But which bookkeeping package suits your business depends entirely on your preferences.
Tip: Compare bookkeeping systems with a bank link that many entrepreneurs in various sectors use.
"}},{"title":"Can I transfer my existing administration?","richBody":{"value":"Almost all bookkeeping programmes we recommend have useful import functions. With these you can transfer your existing sole trader administration.
"}},{"title":"Which records must you keep as a sole trader?","richBody":{"value":"As a sole trader you are required to keep accounts. They give you insight into your income and expenses. It is the basis of your tax returns.
Your accounts as a sole trader include: