Hello, just wondering if anyone on here uses Xero and whether you've used GoProposal or Practice Ignition for client onboarding and engagement letters? I currently use a manual excel sheet for pricing and word for letters of engagement but the bigger my practice gets the less time I seem to have to do this manually. I've read lots on AWeb and FB about the benefits of GP and PI and they look interesting. I did trial PI a few years back and TBH I struggled to get it set up and eventually went back to excel. I'm sure its got more user friendly over the past few years so would like to revisit it. Any comments/advice would be appreciated.
I tried GP myself last year, more to give me a structure for pricing than the engagement letter side. GP came preloaded with prices set up, just be aware these are based on their own accounting firm MAP which specialises in creative agencies. Unless you're based in London you'd probably have to lower the fees down a bit. MAP base their bookkeeping fees on transaction numbers as opposed to hourly rates which I found interesting.
I dont have enough clients or even leads at the moment to justify the £100+ sub each month. But i will look at it again when I get busier as I can see the time savings you can make in admin.
When I looked at GP the standard prices were well above the average prices quoted round my way. Of course to be fair GP do try and get you to review the way you price for work so it could be I'm undercharging!
Got a demo booked in for next week with practice ignition. From what I've seen the xero integration is one of the main selling points which would work well for me as a xero user. Going to speak to GP as well as I do like the idea of prices being preloaded. Pricing is one of the areas I struggle most with.
I run a small accounting practice from home, approx 20 clients although looking to grow this number. Other time is spent looking after our 2 children. AAT qualified, 15 years experience in practice. Skill set is small business accounts, ST, PShips, Ltds, self-assessment returns. Biggest client has a t/o of £750K. Xero and Sage are my main go to platforms but have used most others.
I mainly use Xero for monthly P&Ls and export these to Excel to produce some MAs. A possible added value service I'm looking at offering is a periodic cash flow and budget analysis, so investigating how to price this to ensure max value.
