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Post Info TOPIC: RE: IS SAGE INSTANT SUFFICIENT FOR COMPLETION A FULL SET OF COMPANY ACCOUNTS?


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RE: IS SAGE INSTANT SUFFICIENT FOR COMPLETION A FULL SET OF COMPANY ACCOUNTS?
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Hi, I'm back

Sorry I've started my reply to the above in as a new topic. For some reason every time I replied in the original post my PC froze and had to restart in safe mode. This happened three times so I used the restore point function and started a new topic to be on the safe side.

Anyway, back to the subject.

I have researched various software packages in the last few days, as I am getting to the point where my single company Sage Instant and my own simple Excel templates aren't enough for my slowly expanding client base.

Most of my clients are soletraders, with all the usual bad habits and incomplete records. I do have one partnership (with a probable second on the cards) and one simple Ltd company. I also do payroll for two of the clients.

With this in mind I considered Sage Bookkeepers Club with payroll add on but at £675 for a yearly subscription my situation doesn't warrant the expense. I even contacted Sage to try a bit of bartering but no luck (you have to try!) When I asked why the subscription for year two was no different the saleman struggled to justify , why there wasn't a reduction (in my view the Line 50 software would be upgraded rather than a new package). Funnily enough, just had him back on the phone asking if I'd was still interested. I also looked at the Quickbooks version of  a Bookkeepers club, which although considerably cheaper, the software has had some really bad reviews, compared to its predecessor versions and I wasn't keen on the monthly payroll subscription.

For me the best otion was VT+, Final Accounts version (plus 12pay for payroll) . At £233, it is by far the cheapest option, with optional annual upgrade at £176.
I was a bit wary of the product at first but after setting up my client, it was so much easier than Sage and once i had played with it for a while I found it much easier to use.
I have yet to play with the final accounts part, which is embedded in Excel as an add on but it looks very impressive, with differing layouts for full ltd co. audited accounts, abbrieviated accounts, Partnership accounts and simple soletrader accounts. It also has the ability to add numbered notes to the accounts and accounting policies (I think it has enough functions to make Shaun drool, with all sorts of references to FRS1, FRSSE etc).

The only thing I had against it was my resistance to change (having used Sage and Quickbooks) Once I found out more about it (there are some very positive comments on AccountingWeb) and used it a bit I am very happy I took a chance. For its price, its functions, and the fact that there is no restriction on the number of companies that can be set up, it represents the best value for money that I spent my hard earned cash on.

The  costs I have mentioned are VAT inclusive

Bill the unbiased

Just wanted to add, that the Sage Bookkeepers Club only licences five companies and more can be bought it blocks of five (I was quoted pro rata, more than Stephen to add just an addtional five??). Quickbooks allows multi company use (single user)

-- Edited by Wella on Monday 24th of May 2010 12:22:47 PM

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Hi Bill,

Yes quickbooks does allow multiple company my Pro2008 you can have upto 99 companies which is why I went for it. Also I was recommened it by someone as a cheaper alternative to SAGE. There are some things that I don't like but over all its great.
However I was looking at adding payroll the other day and the monthly subscription for this is quite expensive. I no longer have support for my QB as they in my opinion are just a call centre abroad and don't have accountancy knowledge so pointless phoning them. I don't need the payroll package yet but was just doing some research for when its needed. Anyway after the phonecall to QB and then put off by the cost I rang 12pay and was very impressed with the chap on the other end and I must say when it happens it will be 12 pay I go with.
Am going to download their FREE version first and have a play with it (after my Payroll exam), but the reviews are very good on it and like I say his knowledge on the phone was very good.

HTH
Amanda


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Amanda



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Hi,
I was like Bill i was a bit wary of using other software as i have only used sage and didn't want to make mistakes with new software and then have to go back to using sage.
After reading Bills comments i think i will certainly have a look at alternatives to sage and see if i can manage to use them
Thanks Bill for your comments
stephen

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Hi Stephen

You can download a trial version of VT+ for 60days.

I have to say it is nothing like Sage to use, so if you try it be prepared for a slight learning curve. I really wasn't too sure to start with but once I got used to it, I love it.

In addition to what I have already said, it is much less rigid and more forgiving than Sage and in my opinion you need to understand the nuts and bolts of double entry bookkeeping.

Bill

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Hi Amanda

I use the free version of 12Pay at the moment for one client and Sage 50 Payroll for the other and I prefer 12Pay (again, once I got used to it) and will upgrade to the paid version for three clients and then to payroll bureau, as the payroll clients increase.

These comments are really just my opinion and the software suites my client base. If the situation changes I may add Sage or QB again to my list of software but will still use VT+ and 12Pay

Bill



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Bill

VT is great! I was introduced to it 5 or 6 years ago and up til this year or was it last, was free to use. Even though now you have to pay, its still worth it. As with any software, until you know how to use it, it can seem quite difficult, but once you know......

P

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Thanks for all your replies.  I think once I've completed the manual bookkeeping, I will try to learn VT+ from scratch.  I can also use it as my prefered software to take the ICB computerised exams.

Does VT allowed files to be exported to and from excel?  As most accountants still use sage if I need to pass work onto an accountant, I may have to export to excel. 

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Hi Philip

Nice to see you again

Absolutely brill as far as I'm concerned. There is a version (VT Cash Book), which is free and is useful if clients enter their own basic transactions, which can then be appended by the bookkeeper to VT+.

Hi Louis

VT Transaction is Excel based and I haven't got into it fully yet but there are certainly function in VT+ and the Final Accounts version that allow for Excel manipulation and exporting. You can import trial balances in (haven't tried it yet) but some modifications may be needed to ensure the data ends up in the right place.

Have the ICB confirmed the use of VT? When I did my exams it was very much Sage oriented, with preset data being supplied as Sage backup files (they also supplied a printed list of balances for input into other packages)

Bill



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Hi Bill

Ideal Schools which is a distantce learning provider, who informed me that  the ICB is not software specific.  They don't mind which software you use, with excel being an exception.

I think I will have to learn sage somewhere down the line as not knowing it may restrict me getting work from clients and accountants.  What do you think?



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Hi Louis,

I would certainly learn SAGE at some point, its definately a bonus, I use 2 different versions of Sage instants for 2 clients, and one of those I would not have got if I couldn't use the software, I did mine at college about 6 years ago and it was well worth it.

Regards
Amanda


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Amanda



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Hi Louis

I agree with Amanda, definitely learn Sage, as it is the software that a lot of companies use, and it will give you an understanding of how other packages work.

If you are with Ideal Schools, don't they supply Sage Instant as part of their package any more?

The computerised exams ask for a lot of printouts, which so far I haven't found on VT (it may be one of the limitations of the programme). Not sure what's happening with computerised exams, with the exam formats changing in June/ July but I would expect them to still be based on Sage.

The reason I have come to like VT (and for me it is an aquired taste) is it's simplicity, which for my current clients, is perfect. What it does lack are a lot of the bells a whistles that you get with Sage/ QB and which form some of the exam structure.

Like I said previously though, I am still finding my way round it.

Bill
Bill

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Bill

I come and go at the mo as I'm still doing some stuff in B'ham, although hopefully coming to an end!

I only came to Sage as the co's I worked for used it, and have now been using it for over 10 years! I think it works well for SME's but is too over the top for your average Joe who is a one man band etc, who only want to have the bookkeeping done as they have to!

For those who want specific reporting functionality ie debtors/creditors etc or who want to do thier invoicing etc, then Sage works well IMHO.... but then its what you know and I know many people prefer other packages also...

P

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Well it's good to hear from you again.

I concur with your thoughts that Sage is just too much for a one man band operation, which why I like VT. I am one of those types that prefer function over form and I find that with Sage it's a case of the tail wagging the dog.

Having said that I like Sage but it is just a bit OTT for what I want a package to do at the moment

Bill

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