I am thinking of setting up my own bookkeeping business and I am looking around for good bookkeeping software which enable me to produce monthly reports (P&, BS, Aged Deports & Creditors etc.) VAT and extra feature (optional) which allow my clients to have access to the system at any time & have option to run basic reports them self but could not alter or process date. Predominantly I would deal with sole traders, partnerships andsmall Ltds.I worked for a number of years in the finance/accountancy world but when it comes to choose software for myself I got a bit lost. Could anyone sheer more light on Sage or similar packages that would best suite my needs. When I rung Sage sales they would only try to convince me to their rather expensive option but no necessarily listening what I was telling them. Any practical experiences would be most appreciated.
All of Sages offerings are rather expensive options.
Personally I use VT software (VT Transaction+ for bookkeeping, VT Accounts for accounts production)
To give clients access you will be looking at cloud offerings such as Kashflow and Xero.
Quickbooks desktop and online has a healthy following on here and does not suffer from the Sage client tax. But, that said, UK based training materials for QB seem pretty limited.
For payroll site favorites seem to be 12pay and Moneysoft.
Despite the thread name its a well balanced debate covering a lot of different packages.
most packages have limited time try before you buy trial periods. If you go down that route don't download too many at once and end up not getting the time to properly review all of them.
Good luck with finding the one that suits you.
kind regards,
Shaun.
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Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
You can get Sage Instant 2013 for under £100 on amazon and that would probably do you for a good few years. Your client would need to have their own copy if they want to view everything.. I am sure though, that this version would let you export PDF reports to send to them. I'm sure someone on here will be able to confirm that.
If they want access to something 24/7 you would probably better asking them subscribe to a cloud based package and then you can work on it, using their log in details.
When I started up on my own I took the advice from this forum to use VT Software. Best advice I have had for a long time. I would very highly recommend VT software. Sage is too expensive. Not doing payroll from my office yet so cannot comment on that one
As Kim, I too took advice from this forum and use VT software. I have been extremely pleased with it and would highly recommend it. For payroll, I use Moneysoft, which is very easy to use and affordable.
VT is a good starter software for your business as you can do bookkeeping on it and then produce the year end accounts. Costs a couple of £00 per year and can be used for an unlimited number of clients. I started out using it to do year end accounts last year but used SAGE client manager for bookkeeping.
Now use an integrated accounts and tax package called Taxcalc and happy using it. Still use SAGE client manager for bookkeeping and Xero as online accounts option. Though have clients use other packages such as Quickbooks, Kashflow and Quickfile.
If you want clients to access the data then VT wouldnt be any good and you would need a cloud based bookkeeping package. Plenty of them out there but the main ones are Xero and Kashflow.
ok, call me touchy feely but I think that refering to VT as starter software does do it a disservice.
As you have stated before, you didn't use VT Transaction+, only VT accounts which you referred to as clunky and maybe when not tied to VT Transaction+ it is.
Even where I am moving clients from software such as Sage I push the data through VT Transaction+ to VT Accounts rather than directly to VT Accounts so our experiences are probably somewhat different as the interface between VT Transaction+ and VT Accounts is very smooth.
I think that the bulk of the readers here are interested in the front end of the processing (bookkeeping) rather than the back end (accounts). So its basically looking at the replacing the Sage part of your equation.
Worth noting there is that provided that you do not need support then VT transaction+ is yours forever for as many clients as you need. Its only the VT Accounts part that you need to pay for each year if you need to offer professional accounts production.
I can't compare it against Taxcalc yet but just from the gumf you have a very strong point there in that you are integrating tax and accounts (but not bookkeeping) where of course VT integrates bookkeeping and accounts (but not tax... Ok, there is some corporaton tax elemenet to VT but it isn't in the same playing field as taxcalcs offering).
You could of course tie taxcalc to VT Transaction+ rather than Sage client manager as I note that its only filing that you have replaced. (so the VT Accounts bit). However, I am sure that you have many clients with a lot of Sage history which would be lost in moving them to other software so sure that your software settup is perfect for your business.
This is a question where there's no right or wrong answer to the software that we prefer and what we believe is best both for ourselves and our clients.
Personally I would say that VT is at least equal to any of its competition but with each having their relative merits. I would not say that any of them are better than my software of choice, just different and like the old 12pay vs moneysoft question it all comes down to personal choice.
In my case (as yours) I can aford to buy whichever software that I choose, I've trialled all of the major ones (no cloud software and still not had time to trial taxcalc accounts production yet), I choose VT and would not consider it starter software but rather my software of choice.
kind regards,
Shaun.
p.s. note that non of the above says that you are wrong, it only gives arguement as to why VT is every bit as good as its opposition rather than being considered only as starter software rather than an end in itself.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
You are right guys, Sage is too expensive to start with. VT is good but has no "cloud based bookkeeping " option. Someone on this forum mention software called e-conomic, it has all features which I am looking for.
Personally I pass files around using dropbox. If a client wants access to their data (they all have VT Cashbook in order to view data and do data entry if they want to) or I need to see what the clients been up to then I or they can just open their file without the normal associated cloud risk of the software itself being virtual so any hiccup with the net and everyone is knocked out.
Is that not the best of the cloud in a desktop sollution?
But, in answer to the direct question.
e-conomic gets mentioned on the site occassionally. Normally by first time posters who never post again making it seem as though such are just SEO posts (mostly posted before my watch).
from the first line "comes with major turn-offs and relatively expensive fees".... Which probably means that's all that you need to read on that one.
The software is from denmark where it seems to be used heavily by KPMG so can't be all bad... Although KPMG are unlikely to be as budget concious as ourselves (p.s. I should probably mention here that I worked for/with KPMG for seven years and never heard mention of this product but then, its a big company and I was only involved with one little branch of it).
Whilst I am not one for suggesting that following the crowd is best I would be adverse to recommend software with a low take up amongst the bookkeeping community espechially when that software has been around for a long time but made little if any headway into the market where the likes of Xero, Kashflow, etc. are much newer products with much greater takeup (if the cloud was the route that you decided to go down).
kind regards,
Shaun.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Shamus- can you give me any hints on drop box- I use it as a back up for various things and I have it linked to several computers but I am finding that even though I link the files to drop box it doesnt seem to be the updated version when I go onto drop box itself?
I'll have a look to see if I can spot anything that it might be but I'm not a techie wizard on that side of things so hopefully someone like Kris or Vince might pick this up.
Sorry I'm not more useful on this one,
kind regards,
Shaun.
__________________
Shaun
Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.
Someone on this forum mention software called e-conomic, it has all features which I am looking for.
Does anyone have experience with this one?
Hello
I use Sage, Quick Books and e-conomic. The latter is only for one customer who HAS to use it as part of franchise rules. I find it far too 'clunky' and not at all intuitive. It takes a two stage process to enter the sales and purchasing invoices, unlike the most popular software models which only take one. Everything else (and I mean everything!) is all completed by double entry. Whereas a lot of software products do not require you to have a full working knowledge of the double entry process, e-conomic most definitely does -in fact it assumes you have a good knowledge. Dont get me wrong - if you are doing this job then you should have! But if you are any way in-experienced with this side - dont get it. (my client is expected to use this himself, along with all his fellow franchisees, but he will be the first to admit he has no clue about double entry and that most of his co-horts dont either!!)
For payroll I use both Moneysoft (for most of my clients) and 12Pay (belongs to one of my clients). Both value for money, relatively intuitive and easy to use. Both in fact also have great support teams. You can buy licences from both for eg up to three customers, but then its easy to upgrade if you add clients.
Re your customer viewing accounts - there are lots of cloud based accounting versions out there, but personally (and its only a personal view before anyone starts!!) - they appear to be expensive. Most of my clients have admitted they wouldnt look and just like to be able to contact me if they need info or have their reports at whatever timescales are agreed. So I would stick to a legacy product (but an up to date one!)
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Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
Shamus- can you give me any hints on drop box- I use it as a back up for various things and I have it linked to several computers but I am finding that even though I link the files to drop box it doesnt seem to be the updated version when I go onto drop box itself?
Hi Sharon
One of my clients is having the exact same problem. I thought I knew all there was to know about dropbox but i just cant seem to fix it! Here's hoping Vince or Kris can help you (and therefore me too!)
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
Joanne let me know if you find the answer!! Its driving me mad- I was going to upgrade to their higher package but holding back until I know it works for me
Joanne let me know if you find the answer!! Its driving me mad- I was going to upgrade to their higher package but holding back until I know it works for me
I will. Maybe thats what they want - us all to pay!
__________________
Joanne
Winner of Bookkeeper of the Year 2015, 2016 & 2017
Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.
You should check out answers with reference to the legal position
I have a feeling you have to save everything into the Dropbox folder on each pc rather than specific folders -when you install it on the pc it creates a folder called Dropbox and I think by saving it there it will be backed up to use on other pcs (I think)