I would like to change the software i have and try and get all my clients on the same software. Would be much simpler in the long run.
I'm considering VT Transaction + as i know you can upload CSV files to it, and have as many clients as you like which sounds great. £199 for first year then £150 per year after.
Is there any other software i should consider? I currently use VT cashbook. Excel , and Sage (Although the sage package is really old and not very stable which is why im trying to move away from it )
I'm also looking at Xero, but I've never used it so unsure whether it will fulfill multiple clients needs. Can anyone advise? I cant find a price list for this either so cant really do a costing.
We use QuickBooks Online, depending on the size of company your serve, ranges from £4.99 per month for Book-Keepers; has great mobile apps too for customers. For uploading Excel you can use our app AccountingHub; free for 1 month, then £10 per month for unlimited users and companies.
Good luck in selecting the right offering.
Post amended by moderator to remove direct link to advertising from a non long term site contributor.
Also the supplied link was not as far as I am aware Intuit but required divulging an intuit logon / password in order to access!
-- Edited by Shamus on Friday 30th of October 2015 10:28:50 AM
personally I'm a big fan of VT so I think that you are already going down the right path (VT+ is a huge step up in functionality from VT Cashbook which is a free give away product more aimed at your clients than yourself as the bookkeeper).
The prices that you are quoting there are for the full accounts suite. For VT+ alone it's £125 for the first year and £100 thereafter (prices exclude VAT).
I think that the accounts suite that you have priced up is the better option not least as we are living in interesting times with the change from the old UK GAAP to FRS102 / FRS105 so having a good quality reporting solution is an important factor in your shopping requirements (assuming that you produce accounts and use iXBRL filing... Or at least want to keep the option open to do those).
The only time that I would not advise use of VT is where clients require stock control so you may also need to keep an alternate sollution in reserve if you acquire any box stackers and shifters. (In such instance people quite often combine VT and Excel although that is quite a messy solution compared to an all in one such as Sage).
Any problems at all with VT just post on here as we have a steadily growing number of converts.
kindest 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.
The prices that you are quoting there are for the full accounts suite. For VT+ alone it's £125 for the first year and £100 thereafter (prices exclude VAT).
Hi Shaun. The cost is £125 + VAT to buy the software which includes 1 years support. The ongoing cost of £100 + VAT a year is for the support helpline, not the software.
I would suggest that this is now the cheapest paid for (serious) option on the market, yet in our opinion it is the best.
I'm even going to train my sage client to use it, whether she likes it or not!!! (needs different software for new online business)
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John
Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.
I use the VT accounts version and that does have to be renewed each year or accounts production will stop working (I assume that like the VT+ version though the bookkeeping software would still be usable).
Its good to know that one would always be able to access the data even if one stopped using the software on a commercial basis. i.e. if you went permie again but a few years down the line needed to look at old data... Learn a lesson there cloud offerings... Oh, wait, if they're not getting their monthly ransom payment they don't care do they.
I completely concur John. I use VT because in my opinion I think that it's the best, not because of its price... Although that also helps!
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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.
Before selecting a solution- be it VT transaction+, Sage, Xero or QuickBooks, for your business, first, make sure to compare each on the basis of features, costs, and your business requirement. I've no experience with VT Transaction+ but used QuickBooks for many of business clients that support multiple client needs.
I've no experience with VT Transaction+ but used QuickBooks for many of business clients that support multiple client needs.
Hi Kundan,
VT is also multi client.
When you launch it you are presented with a list of all of the companies that you are working with. Simply click on one in the list and it loads up that file.
There is no restriction on the number of companies.
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.
Well I am a QB's desktop fan as you all know, but I am also using QB online on a regular basis and really like it. The only thing I don't like about QB online is the invoice template, but that is just a personal thing, there is nothing wrong with it, its just me!
I can also use SAGE, but to be honest it's getting used less and less now.
Haven't got a client on Xero yet so can't really comment on it.
I must say the bank feeds on QB online are just awesome, saves so much time when it is set up correctly!
Just picking backup a thread I started a while ago. A new client has set himself up with QuickBooks, which I get free access too as his accountant.
I'm still considering VT + for the rest and any new clients that I come across. I do need the full accounts suite as I will be processing year end for my clients as well as all other duties.
As one of my clients has purchased QuickBooks , Ill learn how to use that- would this be better than VT ?
Has anyone used both and make a decent comparison to see what I would gain by choosing between the two?
or would you recommend I purchase VT+ , and process all on there except my QuickBooks client?
You say that you need to produce full accounts and for that you are considering VT Accounts (which comes with VT transaction+ bundled with it so don't make the mistake of buying that seperately).
If you have Quickbooks and want proper accounts you just manually input your trial balance from Quickbooks into VT Accounts in order to prepare that way.
I've got clients using quickbooks, Sage and Xero and for all of them I just enter the trial balance from their software into VT Accounts to produce a properly formatted set (abreviated, full, CT600 calculations, iXBRL encoding, etc.)... Note that VT does not produce a CT600, it only does the calculations necessary to feed into the CT600 for which you will need other software or the HMRC service for filing.
If you have clients on VT Transaction+ or VT Cashbook for your bookkeeping rather than quickbooks, for those one's you get VT accounts to read the VT file which saves the step of entering your trial balance.
I think that as with all software it comes down to a matter of taste with various people loving different software. I swear by VT because it is so easy to change anything very quickly, but other who have grown up with Sage or Quickbooks will like as not want to stick with those products as VT feels very different to them.
Just because you stick with those for your bookkeeping though does not mean that you cannot use VT accounts to prepare the same top quality accounts that are used by many accountancy practices (VT Accounts is acctually in a lot more common use than VT transaction+... Which is a shame as once people get used to VT+ it is a fantastic competition beating peice of software).
Hope that helps...
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.
It really does Shaun thanks, I currently don't submit accounts to companies house by file , I type into the online template which has been ok so far. So if VT has the system for upload that would be a novelty :)
I think ive decided to definitely purchase VT+, I've a new set of clients starting soon , pretty much new start ups so need a system I can get them all on
Thanks for your help and advice
Nicola
