Accounting software

[33bk]

This a been covered before so apologies, but what are people using for accounting software ? 

Im looking to come up to the 21st centry 

 

many thanks

[Arctostaphylos uva-ursi]

Depends what you need to do with it realy.

Sage is probably still the market leader but it is expensive and probably over complicated for your needs.

A lot of people are using Quickbooks but I have no experience with this package.

The package we use is called Excel and it is made by a company called Microsoft. You may have heard of it?

[daveindales]

I use sage one, the cheapest sage package. Suits my needs, but it took me quite a while to figure it out.

[Steve Bullman]

Quickbooks online.  Took a bit of getting used to after using quickbooks desktop for 12 years, im getting there though

 

[Paul Barton]

FreeAgent - it's excellent.  Here's a referral code to get 10% off (for you and for me!):  http://fre.ag/434xo4m9

[JasonM]

Depends on factors such as anual turnover, number of customers/suppliers, how much capitalised equipment you have, do you need a payroll facility, your level of computer knowledge, etc. Sage and QuickBooks are certainly the market leaders in the UK but equally, with a small turnover i.e. below the vat threshold, most small companies can carry out the bookkeeping using a spreadsheet such as Excel. 

 

First post for me folks and right up my street being an accountant/software guy who's recently entered the arb world working for an experienced mate of mine. 

[Steve Bullman]

8 hours ago, JasonM said:

most small companies can carry out the bookkeeping using a spreadsheet such as Excel

Agreed, I did my first couple of years accounting in just an old style ledger book and it works fine.

Even as a small simple business though its not using quickbooks and the like for the benefit of the graphs etc.  Its nice getting a quick snapshot of your business(when things are looking good)

[JasonM]

1 hour ago, Steve Bullman said:

Even as a small simple business though its not using quickbooks and the like for the benefit of the graphs etc.  Its nice getting a quick snapshot of your business(when things are looking good)

Also depends on how you see the accounting function in the business. Is it just a necessary evil for full filling your legal duties or is it a tool for helping you to manage the business? Snapshots of actuals against budget are a really useful means of checking how things are going.

[Inoff the Red]

If you have a Mac, the best package (imho) is Account Edge (formerly known as MYOB).

It is user friendly , simple to use and has inbuilt features which may be useful as the business expands.