Does anyone use Quick Books to manage accounting?

Does anyone use Quick Books to manage accounting?

Author
Discussion

Lexual

Original Poster:

511 posts

213 months

Friday 24th February 2017
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Just looking for some simple accounting software as a sole trader to manage invoices and track whats coming in, going out and VAT etc.

Been recommended Quick Books.. anyone use it?

Eric Mc

121,984 posts

265 months

Friday 24th February 2017
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I have some clients who use it and, by and large, the accounts they pass on to me for review and knocking into shape are never too bad.

I think it is quite decent and suits those who are not trained in full double entry book-keping.

However, I still think that, at the end of the year, you do need someone who properly understands profit and loss accounts and balance sheets to review them to correct any errors.

Beetnik

511 posts

184 months

Saturday 25th February 2017
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I use it for 3 diverse businesses with turnovers of £30k, £100k and £2.5m. Copes very well and, as Eric says, the accountants can pull everything they need from it. I'd say that QuickBooks is an accounting package for business people as opposed to Sage which is an accounting package for accountants- i.e. it's simple and effective to use for anyone who doesn't much care for double entry bookkeeping and journals etc (albeit it copes admirably with both).

hepy

1,267 posts

140 months

Sunday 26th February 2017
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I would echo the previous comments about Sage, over-engineered for a small business, and costly.

A lot of my customers use Xero and all users are very positive about it. Cheaper as well.

Wouldn't work for a larger business, but should be good for most businesses under say £5m.

surveyor

17,817 posts

184 months

Sunday 26th February 2017
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Any vuews on KashfloW in comparion?

ecs

1,228 posts

170 months

Sunday 26th February 2017
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I use FreeAgent (and an accountant!) for my book keeping - I'm a contractor and freelancer so it's ideally suited for me. I did look at QuickBooks but wasn't as keen on it for whatever reason. FreeAgent handles all the usual stuff like quotes, invoices, expenses and VAT. This is my affiliate link, if you like FreeAgent and use it then we both get a 10% discount smilehttp://fre.ag/460e62p1

monoloco

289 posts

192 months

Monday 27th February 2017
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I've been using Quickbooks Pro (Desktop) for years to do my company accounts and for a couple of charities I'm involved with. Seems pretty simple to set up, reliable (ie doesn't crash) and easy to use for someone like me with zero accountancy knowledge. Haven't tried the cloud based version but will probably go that way soon.

MadProfessor

253 posts

132 months

Tuesday 28th February 2017
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I use a cloud based version of Clear Books which is provided 'free' by my accountant as part of my monthly charges. It does everything I need to do and my accountant is pretty good and picking up most things.

Messer

127 posts

198 months

Wednesday 1st March 2017
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I used to use QuickBooks and moved over to Xero.

Xero is miles easier to work. Its not 'flawless', but is very good.


SagMan

623 posts

220 months

Thursday 2nd March 2017
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I distribute finished B2B products and have 250 SKU's. Which of these cloud based systems handles product stock sales the best ?
Thank you

Edwin Strohacker

3,879 posts

86 months

Thursday 2nd March 2017
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Thirteen years on QB, Always found it easy & manageable but then I am quite diligent, keeping it in shape, reconciling regularly etc. My business is B2B & high numbers of transactions & I've never felt held back by it. Amortising is a pig though, never really found a decent way to do that in QB, might just be me though.