In this animated video, a voice-over talks about the possibilities and benefits of administering in an online accounting software. Animations in green, blue and orange support the story.

VOICE-OVER: "You keep track of your company’s data in your business records. You can do so on paper or digitally.

Your business records provide insight into your company. They also form the basis for your tax returns. You are required to save your records for a minimum of 7 years.

You can choose to maintain your administration yourself or with the help of an accountant. In either case, you can use online accounting software.

Look into which accounting software best suits your business. Consult with your accountant or tax adviser to decide which software will best enable you to work together. You can deduct the costs for the accounting software from your revenues."

Text on screen:
Revenues minus costs = profit

VOICE-OVER: "Online accounting software usually saves you time and you are less likely to make errors. For example, it allows you to process receipts and invoices more easily.

You can also keep track of your stock. And see which clients still owe you money.

Online accounting software processes your data automatically. And calculates your VAT return. You can check and submit your tax return from inside the accounting software.

Do you need to pay the Tax Administration VAT? Most software makes that possible with the click of a button via a bank link.

Want to know more? Find all the information on Business.gov.nl. Information for entrepreneurs.