Software
Comments
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Xero for us.
It can appear expensive but for most a cashbook version will work well. This starts from ยฃ5 + VAT per month.
It has caused us to change what we offer though and have identified around 100 clients we are not likely to be able to support once MTD arrives.Regards,
Burg0 -
Who are your clients and would you be ready to offer a mix or stick to one software whether the clients like it or not?Jenbo said:Opinions please on best cloud accounts software and prices. Looking into xero but seems expensive as you have to add bolt on's or apps.
Thanks0 -
It took a few weeks to get to grips with it but I'd say 3 months of constant use to build confidence. We use Datamolino, workflow max, Fathom plus a few othersRegards,
Burg1 -
Top contenders would be:Jenbo said:Opinions please on best cloud accounts software and prices. Looking into xero but seems expensive as you have to add bolt on's or apps.
Thanks
Free Agent - starts at ยฃ9.50/month
Kashflow - starts at ยฃ7.00/month
Quickbooks - starts at ยฃ6.00/month
Clearbooks - starts at ยฃ10.00/month
Sage One - starts at ยฃ3.00/month
Most offer a trial and some have a lowered price for the first 3-6 months.
Hope that helps.0 -
Do you know about Xero's pricing model?
I believe Free Agent charge clients around ยฃ29+VAT so ยฃ9.50 is a nice discount0 -
Xero starts from ยฃ2 per month for Ledger, ยฃ5 a month for a cashbook version and ยฃ20 for full version.
Additional discounts then based on volume.Regards,
Burg1 -
Thanks as always, burg
Went on the xero roadshow yesterday, was interesting.
The futurli guys (formerly known as crunchboards) were there.
Loads of other guys were their like receipt bank, boma (for email and social media campaigns for accountants), the profitable firm, expensify, practice ignition for automating client on-boarding, etc.
Usual mention about to open banking, psd2, gdpr, mtd, advisory (rather than compliance) business model.
Xero payroll looks really good. Definitely going to take some of moneysoft's client base!
Xero HQ seems like a bit of a practice management tool.
I'm not sure if I should go on xerocon for ยฃ175. Probably not. Too expensive for me.0 -
That's what I get for sole traders. ยฃ16.50 for a limited co.reader said:
I believe Free Agent charge clients around ยฃ29+VAT so ยฃ9.50 is a nice discount0 -
Looks like Free Agent have a ratchet system. The more licences you buy the cheaper you get them for. I think ยฃ9.50/month is the rock bottom price for ltd.
You should renegotiate or at least find out how many more clients you need before you get to ยฃ9.50/month.
You might need to become a 'premium partner' for ยฃ9.50/month which might cost a bomb.
Went to a Xero roadshow yesterday and they were very keen on getting advisers to get their certifications for migrations and their badges and go into their directory for marketing purposes.
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I only have a few contractors and sole traders on Free Agent at the moment but trying to move my smaller VAT registered clients currently on VT onto it before MTD.
I also use Xero typically for larger businesses.
Free Agent is a pain when it comes to reporting. The export facility on Xero is far better.
AutoEntry integrates very well with FreeAgent, I think they work with other Apps like Receipt Bank. And I like the fact that FreeAgent is a UK based company so they have developed the product with UK tax in mind.
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What software do you export the free agent data into?0
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Taxcalc and VT0
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Taxcalc website looks nice. It also has an accounts production module although I'm assuming its cheaper just to use vt.0
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I use both and really like the layout of TaxCalc, but I only use it for subcontract work (so I don't have to pay for it). For my own clients VT does the job for now.reader said:Taxcalc website looks nice. It also has an accounts production module although I'm assuming its cheaper just to use vt.
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Hi All,
Does anyone know if HMRC are going to provide any free software to bolt on to excel for MTD? Or if this is likely to be made available to purchase directly from Microsoft?1 -
The Government has confirmed that businesses will be able to continue to use spreadsheets for record keeping, but they must ensure that their spreadsheet meets the necessary requirements of MTD for business (such as passing relevant information across to HMRC every quarter), which will involve combining the spreadsheet with additional software to perform the upload of data to HMRC.
https://www.icaew.com/technical/tax/making-tax-digital/software
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As far as I'm aware HMRC won't be providing ANY free software.0
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Where do we purchase this software from?0
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Xero, Sage, QuickBooks, Free Agent, KashFlow, etc0
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Went to an AAT MTD event at the weekend and the speaker told us that HMRC are expecting free software to be developed by Xero, sage, quickbooks, etc, but they will be very basic. It will then likely to be that you have a sliding scale of fees dependant on what features you want to unlock.
Not sure if this covered the VAT reporting as he was talking about the quarterly income reporting that isn't due now until at least 2020.AAT Level 2&3 - 2016
AAT Level 4 - 2017
Personal Tax, Business Tax and External Auditing
ACA/CTA -
Certificate Level - Jan 20190 -
Do these companies supply just the bridging software though?0
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No. At present they all offer a cloud based bookkeeping solution.0
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The software providers will be required by the Government to produce software that is both MTD compliant and compatible with spreadsheets.
This software will probably go on sale to agents at the end of the year/beginning of next year for clients not already using a cloud accounting solution.0 -
Thanks for all that, everyone. So basically, we still don't know exactly what will be available until a few months before we have to start using it.
I have a few clients who are quite worried as they use paper ledgers and have done so for years. They aren't computer literate and don't feel confident enough to use any kind of cloud based software.
I will wait and see what happens.1 -
We're now (finally) making a concerted effort to move as many as possible NOW so as to avoid potential bottle-necks later on in the day.
Just because the "bridging" software isn't available shouldn't mean clients can't be moved to some form of cloud solution now. Use brings confidence so start a few trials....2 -
Thanks TreadStone. I might just do that.0
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We are actively moving our clients all across.
We have a different level of packages and have even introduced a basic MTD package, only available to existing clients, which at least gets them ready.
I'm definitely with @TreadStone in that I don't want lots of last minute moving over of clients. I'd rather encourage them now and risk losing some who don't want to or would rather wait until the last minute.Regards,
Burg1 -
Well what happens if you have clients, like I have who want to stick to their spreadsheets and are adamant that they don't want to change. The only option is to wait for the bridging software. I cannot see how the government can penalise people if there is no systems in place in time or enough time to learn how it works.0
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For us they will most likely cease to be clients. There is no doubt that moving everyone to a quarterly service will mean an increase in workload. The method we have come up with by having one main solution will mean we can automate and can also get to know our own systems inside out. If clients are not prepared to get onboard with that and want to wait then that is fine. However they will be told that we won't be the ones to help them and they wither need to manage this themselves or find someone else who is willing to wait until the last minute.Jenbo said:Well what happens if you have clients, like I have who want to stick to their spreadsheets and are adamant that they don't want to change. The only option is to wait for the bridging software. I cannot see how the government can penalise people if there is no systems in place in time or enough time to learn how it works.
I've been there and been the last minute person before dealing with many people who frankly just don't care or appreciate our time. I'm done with that approach and its a great reason to improve things for us.Regards,
Burg2
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