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What does Earnest do?
Earnest is a simple record keeping iPhone app that lets you track income and expense, works out profit and provides basic tax estimations for how much you’ll have to pay.
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Who is Earnest for?
If you’re self employed, a business start up, sub-contractor or a small business with a turnover under £70,000 then Earnest is right for your business.
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How much does it cost?
Earnest is totally free to use for everyone! Yay!
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Can I export my data?
Yes, you can back up your data by email at any time. Receipt images are backed up through iTunes or iCloud if that’s been set up.
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What if I’m on the Construction Industry Scheme?
No problem. Earnest lets you record CIS deductions on sales you’ve made and adjusts tax calculations accordingly.
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What happens if I outgrow Earnest?
If you ever find yourself getting too big for Earnest as your business grows take a look at FreeAgent, our online accounting software for businesses who need a bit more.
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Can I use Earnest if I’m outside the UK?
Earnest is linked to the UK tax system so it’s only suitable for people within the UK.
Here's a handy list of what Earnest can do!
- Record income and expenses
- See your bottom line profit or loss
- Get estimates on how much tax you owe
- See upcoming tax deadlines and dates with your "Tax To-do" list
- Capture and store image receipts using your iPhone camera
- Alerts for important tax dates and as you near the VAT Threshold
- Categorise transactions by payment method
- Record cash and non-cash transactions
- Add notes to entries
- Record CIS deductions made on income
- Back up your data by email