Self Employed / Business Owners, A question on Accounts

skaif · 2 Sep 2017 at 15:21

Hi Guys,

If you are reading this I assume you do your own accounts so I have a question.

What is the best software out there to manage this stuff?

I am currently looking at Xero and Quickbooks.

All I need it for is to manage expenses, sort out payroll for maybe 20 people max and raise invoices. Tying into the company bank account for 1 click payroll would be a nice to have. I am fairly new to all this so if there is anything else I need to be made aware of please let me know!

Thanks in advance

nightmare99 · 2 Sep 2017 at 18:48

My vote would be Xero, have you spoken to your accountant about which package they prefer?

skaif · 2 Sep 2017 at 21:39

Yeah accountant was using Xero before to do it so can continue with it but Quickbooks comes highly regarded. Having created a dummy account on both platforms they both offer basically the same thing although I prefer the look of Quickbooks and its cheaper!

Martynt74 · 4 Sep 2017 at 16:32

Xero seems to be the most popular from what i've seen. I'm sure there must be a reason for that. Certainly when i was looking for a bit of bookkeeping work on PPH it was the one most used.

I'd go for whichever you prefer, which seems to be quickbooks.

Steeps · 5 Sep 2017 at 00:57

We tried to move from quickbooks desktop to quickbooks online, big mistake. So many of the reports/inventory/template features were missing/not working and most of the tech department we spoke to didn't seem to understand their product so we rolled back to desktop.

skaif · 5 Sep 2017 at 16:16

Kind of leaning towards Xero now that I have had a chance to play...

booyaka · 5 Sep 2017 at 16:22

My accountant has recommended Xero - does everything I need for me.