Bulllet

blogmercury2

Bulllet

Bullet is an innovative and simple accounting software solution for businesses.

The software has turned a tedious task into a quick and simple one and we at Mercury Digital cannot commend it high enough. As a new company, we had a hard choice of what kind of accounting system we wished to put in place. We knew if we got solid practices in place straight away we could better manage our cash flow, an imperative requirement of a start up.

We had looked at some well known names in the industry and their packages just seems laborious and rigid. Then we came across Bullet, coming from a non accounting background this software seemed to be the perfect solution. We are able to handle all our own accounts in a simple and easy to understand way.

 

The opening screen looks like this:

As you can see everything is clearly laid out for you. Your to do list is highlighted at the top  of the page, which will be a list of outstanding bills or Vat returns to be done. Then you have six options to delve further into the software suite. Within each category there is a video from Peter Connor co-founder of Bullet explaining in two minutes how to use that section.

 

Invoices:

Within this section you have the option to create an invoice, record a payment on an invoice, input your customers details, create a credit note or export the invoices to another format.

 

The invoices contain all relevant company information and can be send direct to the customer via email or exported as a pdf and posted.

Then when a payment comes in you can easily record that against the invoice.

 

Money In:

This section covers any loans into the company from a bank or director perhaps or allows you to record a payment from a customer. It will show all relevant invoices from that customer and you can pick which one the payment is relevant to. You also have the option of exporting all invoice payments to a pdf.

 

Money out:

This section covers all bills your company receives; such as lease/hire purchase agreement, a recurring bill like rent, your everyday invoices or expenses and late tax penalties. When you enter a bill the system asks if the bill was paid for by the business or one of the employees. If an employee paid for it, the expense is automatically added to the wages bill as this is money due back to that employee.

 

Again you have the option to export your bills or expenses file which will be able to feed directly into your financials for the year.

 

Wages:

This section allows you to easily pay your employees their set wage and/or any expenses due. It automatically calculates their PAYE, PRSI and USC. When you add your employee details you can upload the relevant ROS file so that you have accurate tax credits for them.

 

The pay slip comes out looking like this:

It contains all relevant information for the employee to see. The software also records the tax payment under the tax section. You can then automatically file your P30, P35l and any VAT returns you have for the period.

 

The last section to note is the health check which is your cash flow. It determines your creditor and debtor days and shows you how much cash you are retaining in the business each month.

 

The best things about this software is that the suite is fully integrated, with each section feeding into each other and allowing you to to move from one task to the next effortlessly. It is linked to the Revenue’s website enabling you to upload the ROS files for each of your employees and file VAT returns directly from the website.

 

When you have entered your information each period you can then export the relevant bills, expenses, payments etc to a spreadsheet and easily pull them into your end of year financials, saving a lot of headache and wasted time. The site also removes paper waste as pay slips are sent directly to employees via email, as are invoices to customers and so on. This accounting package is an absolute must for SMEs saving you time and money and adding so much value to the day to day running of your business.

 

Customers can get a free 30 day trial of the service from:

https://www.bullethq.com/index.page

Leave a Comment