The company I currently work full time for uses an external accountant. Since taking me on for my excel skills they now want me to take over the accounts when I feel competent and able to. The company is a 3 Director SME with a turnover of about £1.5m and 40 staff. I am in the middle of moving them from purely recording receipts and payments in Excel to using VT Transaction, I'm still trying to explain accrual accounting but I'm slowly getting there!
I am pretty sure I could run the payroll using Moneysoft. The Accountant currently uses SAGE 50 payroll. I have looked into using the same program but I would probably have to do a course to understand the system, whereas with Moneysoft I have been able to work it out for myself after doing the online Groupon payroll course (I'm planning to do either the ICB or CIPP payroll course before next April). Also, the cost of the SAGE programme is too high. My intention was to run the payroll myself via Moneysoft for a couple of months alongside the Accountant's system to check that we got the same results. I have now found that the NICs don't match as SAGE use tables whereas Moneysoft uses exact percentages.
Has anyone found a way around this? The only option I can see is leaving the payroll move until next April, which feels a bit defeatist! Although, I should have completed the training by then which might not be a bad thing.
Thanks
Alys
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Alys
Alys Stuart, Stuart Nicholls Accountancy Services, Preston, Lancashire.
Hi Alys
Absolutely possible to do - do a mid year start in Moneysoft. (suggest you re-name the one youve been using as 'test co'.) Get P11 info from Accountant and download. Ive posted on another thread on here about it somewhere if you have a dig, but Moneysoft do go instructions via their help files, plus have a good helpdesk too (as long as its within 'normal' business hours, whatever they are!)
To be honest for 40 staff I would go with 12Pay (unless you need Moneysoft for CIS). I love moneysoft but think 12Pay is better for higher numbers of staff.
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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
Thank you.
I have a printout of pay details to date from the accountant but when I enter the pay details it calculates a different NIC that I don't appear to be able to update. Would this be different if I imported the data instead?
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Alys
Alys Stuart, Stuart Nicholls Accountancy Services, Preston, Lancashire.
Sage and Moneysoft will always come up with two different results for National Insurance as they calculate it a different way. Both are still correct but there's a 5p or 6p difference each week. Sage calculates it as if still using the manual tables HMRC used to (and maybe still does) issue each year. Moneysoft calculates it by using an exact percentage.
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Never buy black socks from a normal shop. They shaft you every time.
Dont key the data, line by line. You need to import the year to date - have a look at the helpfiles within Moneysoft itself. DO NOT import into the one you have already set up - keep that separate and use as a practice file. Its ok you still have 99 others to go at.
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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
