Which software is best

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whinpin
whinpin Registered Posts: 17 New contributor 🐸
in General accounting discussion
Hi

My friend and I are starting up our own bookeeping business until we feeling more confident doing more.
My question is which software would be best for this I am so fed up of looking we have looked at quick books, simply books, solar accounts etc etc. Advice would be very much appreciated. I would like to buy one this weekend. Is there anyone out there who can help

Thanks pam :confused1

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  • Monsoon
    Monsoon Registered Posts: 4,071 Beyond epic contributor 🧙‍♂️
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    VT Transaction+

    I no longer recommend Solar (for a bookkeeper, the entry method is too slow).

    VT is well priced, multi-company, robust, easy to use, and integrates with VT final accounts production software.

    I've not heard of Simply Books.

    Don't touch Sage with a bargepole.
  • whinpin
    whinpin Registered Posts: 17 New contributor 🐸
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    Thank you Monsoon I'll take a look.
  • Emily
    Emily Registered Posts: 25 Epic contributor 🐘
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    It would depends on what sort of clients you would be carrying out the bookkeeping for, and what their requirements are.
    If you are just starting out and doing small, sole trader type businesses, with simple income & expenditure, you could probably get away with doing a lot of the bookkeeping on Excel.

    Sage Line 50 is brilliant for small-medium sized businesses, really easy to use and meets all the bookkeeping requirements! (I would personally avoid quickbooks like the plague!!)

    What is your budget for the software? Some software packages are more expensive than others (e.g. Sage).
    I've heard good things about Xero, and they are fairly cheap if your budget is low.

    It depends on what sort of client base you have and your budget in the end!
  • Monsoon
    Monsoon Registered Posts: 4,071 Beyond epic contributor 🧙‍♂️
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    The problem with softwares like Sage and Xero is that you have to pay for each client you have, whereas packages like Solar and VT you buy once, then that's it forever, no matter how many clients you have on it.

    Xero is very, very good, but at £19+VAT a month, it's not cheap. However if the client is happy to pay that in the price, then that's fine - and it means they can see what's happening too. The real time bank feeds are brilliant and really save time, too, so cloud options really are worth considering.

    I swear by VT, as a standalone solution. I'm in the process of migrating over to Xero for my own books.
  • T.C.
    T.C. Registered, Tutor Posts: 1,448 Beyond epic contributor 🧙‍♂️
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    I like Quickbooks for my own use, but usually recommend Excel spreadsheets for my clients as most are just small businesses/sole traders who don't want to get too tied up in accounts.
  • ferry
    ferry Registered Posts: 12 New contributor 🐸
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    Perhaps you might find Runeleven.com to be a valuable resource. It's a wonderfully cost-effective and remarkably innovative platform. Designed with inclusivity in mind, it caters to businesses of all sizes without any additional financial burden. One of its standout features is its automated bookkeeping system, which streamlines accounting processes by effortlessly converting invoices and facilitating automatic reconciliation.

    Powered by AI, Eleven boosts efficiency by automating various tasks, extracting crucial data, and enhancing overall productivity. Some of its notable features include a Scalable General Ledger, Automated Accounts Receivable and Accounts Payable, Multi-company and Multi-currency Accounting, Document Management, Custom Reporting and Business Intelligence, Standardized Reports, Universal Tax Engine, and AI Accounting.

    With Eleven, what once took around 10 days per month to complete can now be done in just 4 days on average, highlighting its remarkable efficiency. If you're curious to learn more about its capabilities, scheduling a demo is as easy as reaching out to them at sales@runeleven.com or visiting their website www.runeleven.com.

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