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Eugene
Eugene Registered Posts: 3
in General accounting discussion
Hi,
I wanted to ask if anyone is using QuickbookOnlineSimpleStart???
Is this software good enough for small accountancy firm??

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  • burg
    burg Registered, Moderator Posts: 1,441 mod
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    We did lots of review of various software before deciding on our route. QBO was among the better options but from our research Xero was a far better product and value for money.
    Regards,

    Burg
  • Eugene
    Eugene Registered Posts: 3
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    I am looking for the software that could be used by small accountancy firm. It should be online based with payroll option and ability to make submitting to HMRC and Company house. QuickBooks offers me online access, payroll and VAT submissions, but i still will not be able to make submissions to Company house and CT600 to HMRC. Therefore i am looking for something else that wold have all options.
    Can Xero satisfy my needs?
  • burg
    burg Registered, Moderator Posts: 1,441 mod
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    No. You need various different types of software.

    Bookkeeping comes in the form of the likes of Xero, QBO, Sage Line 50, etc
    You then have payroll software - I would suggest Moneysoft or Brightpay
    You then have accounts production software and tax software. If you accounts needs are very simple then take a look at tax filer. If you need better accounts production i.e. with the ability to make journal adjustments and ammend account descriptions then there are loads of options. We are currently with Keytime but as we want a cloud solution are looking at Capium. Iris is popular but quite highly priced. BTC software is another popular option.
    Regards,

    Burg
  • Eugene
    Eugene Registered Posts: 3
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    Thank you burg.
    I will loo at the list of proposed software and comeback with more questions :)
    Thank you
  • ferry
    ferry Registered Posts: 8 New contributor 🐸
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    Our adoption of Runeleven.com (from Quickbooks) signifies a deliberate shift towards a sophisticated yet financially prudent platform. Motivated by the pioneering AI capabilities of Runeleven, our financial processes have undergone a notable refinement. Eleven sets itself apart as a paragon of efficiency and reliability, offering a comprehensive spectrum of solutions encompassing meticulous expense management to strategic budgeting, all executed with unparalleled precision and effectiveness.

    Some specific features and advantages:
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    • Automated AR & AP: Ensure precise management of clients' cash flows with automated Accounts Receivable and Accounts Payable processes.
    • Automated Bookkeeping: Simplify accounting tasks by automatically converting invoices into journal entries and reconciling them.
    • Multi-company Accounting: Seamlessly switch between different clients' accounts without the need to log out.
    • Multi-Currency Accounting: Manage accounts for clients operating in multiple currencies without the inconvenience of logging out.
    • Document Management: Maintain easy access to all necessary supporting and company documents.
    • Custom Reporting & BI: Enhance advisory services by providing clients with tailored reporting and insightful dashboards.
    • Standardized Reports: Keep clients informed about the health of their businesses with real-time standardized reporting.
    • Universal Tax Engine: Track and report even the most complex tax scenarios and combinations accurately.
    • AI Accounting: Improve efficiency by effortlessly extracting data, automating tasks, and enhancing overall productivity.

    -Accounting on average: more or less 10 days month allocated to data entry and document processing.
    -With Eleven: Reduced to only 4 days a month for data entry and document processing.

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