Thursday, May 14, 2009

Earnings Tracker

Earnings Tracker is a free accounting software tool aimed at micro businesses (typically less than five employees) to keep track of their revenue and spending. Earnings Tracker enables monthly invoice, salary, income tax, national insurance, pension contributions, and expense amounts to be entered. It automatically calculates the amount of VAT owed, the size of dividends that can be taken by shareholders, the retention rate, and any corporation / business tax due. Earnings Tracker is available for testing and for actual use online on our servers. Alternatively the source code can be downloaded to be installed on a web server that supports PHP and MySQL. The program is also available for a small fee, in a portable version pre-installed on a USB drive.

Overview of Earnings Tracker

Earnings Tracker is a FREE open source accounting and bookkeeping software tool, written in PHP and MySQL, enabling very small businesses (typically with one or two employees) to keep track of their revenue and spending.

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Primarily aimed at UK contractors and freelancers, Earnings Tracker concentrates on the main business accounting and bookkeeping activities performed by many micro companies.

Earnings Tracker enables monthly invoice, salary, income tax, national insurance (both employees and employers), pension contributions, bank interest, bank charges, office or desk rental, and expense amounts to be entered, and automatically calculates the amount of VAT owed, the size of dividends that can be distributed to shareholders, and the amount of corporation (business) tax due.

There are three ways you can obtain Earnings Tracker; you can:

All three versions contain the same version of Earnings Tracker, currently version 5.5.

(The charge for the USB version is to cover the cost of the USB Flash Drive, production costs, and package and postage. There is no actual charge for the software itself.)

Helping to reduce the need for a complete bookkeeping or accounting package, Earnings Tracker provides micro businesses with sufficient accounting and bookkeeping functionality to keep track of a company's revenue and spending, and has been specifically designed with the needs of UK contractors and freelancers (working through their own limited companies) in mind.


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Earnings Tracker spreadsheet showing sample data

Reducing the need for a complete bookkeeping or accounting package, Earnings Tracker provides businesses with sufficient accounting and bookkeeping functionality to keep track of a company's revenue and spending, and has been specifically designed with the needs of UK contractors and freelancers in mind.

Version 5.5

Version 5.5 of Earnings Tracker has just been released (March 2009), and concentrates on improving the usability of the software.

In previous versions of the software, values that very rarely change, for example, the corporation tax rate or VAT rate, were set up as 'static' data, which were not visible when a month was added or edited. In version 5.5 these are instead called 'default' values and are displayed (and can be edited) when a month is added or edited. This eliminates the risk of adding or editing a month with the wrong static values set.

If you are using a previous version of Earnings Tracker, you can upgrade to the latest version. See the download page for more information.