Accounting software

[petery27]

i run a small business and my accountant wants to move over to a new accounting software to make things easier for vat returns and keeping track of accounts from the traditional method of invoice created on excel and receipts kepts etc.

I have no employees, no paye etc. so nothing too major in what we are doing, 20+ invoices a month at peak times. i've seen xero and quikbooks.

Any advice/What do people recommend?

[petery27]

Mr Pointy said:

Is there a reason you aren't doing your own VAT returns? It doesn't sound as if you have a lot of transactions to keep track of & you might even look at the Flat Rate Scheme to see if it's appropriate.

its a bit more complected and a flat rate certainly wouldn't work, we have a lot of purchases and different vat things plus reclaims when we buy equipment etc. equally for what i get charged it only takes me a couple of hours of work to cover the costs but i feel more confident that its all done correctly. HMRC are not someone i really want to mess around with

[petery27]

i went with quickbooks in the end as it seemed to offer what i wanted and got a 6 month introduction deal

[petery27]

CzechItOut said:

I use Xero. It costs £16 a month, but I have saved many multiples of that by doing my own VAT (flat-rate) and PAYE.

Do you not pay (salary wise) yourself anything at all from your company?

No i have another income from elsewhere for the time being so i don't take anything from the company at the moment