Accounting software advise please

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Hi all

seeking a little advice please.

looking to install accounting software for a 'group' of companies I'm now working with. They has been no forerunner so new set up entirely.

several businesses across:

1.property developer - assets, finance and servicing of same in main, 

2.construction business - both 3rd party and for 1. Above 

3. Rental for above +

4. Management Co for few underlying assets held in separate Ltd Co

been used to running sage 50 throughout Years of work. Looking one solution that will work for the swipe ate companies. 

Any suggestions greatly welcomed

 

thanks in advance

Replies (3)

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By tom123
24th Nov 2016 22:32

Personally, I use Sage 200 for a group of industrial manufacturing companies. We have a decent turnover of several million, so it suits our volumes.

There is lots of customisation available (at a price) from the resellers if you want it.

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paddle steamer
By DJKL
25th Nov 2016 10:43

Depends on scale of operations / what involved ,but not sure one size fits all.

Certainly the developer entity, the construction entity and the rental entity (possibly) have CIS implications to be accommodated, so software for these that deals with CIS verification/returns might be useful/ideal.

The construction entity might well have job costings and applications etc to be generated, plus retentions to be accommodated.

The rental entity may be simple rents (and few) but could have intense property management on multi tenant sites (if commercial) with say cost apportionments by sq ft/electric rebilling via sub meter etc. It may also have vat on some properties but not on others so correct treatment of direct attributable and vat apportionments may be on point.

If rebilling to tenants re site/estate costs then if this is extensive there is software out there where purchase invoices can be coded to different apportionment matrixes , thus creating rebills, however some is pricey and you will need to see capabilities to decide what is worthwhile-the most recent quote I had for all singing all dancing property investment software, including training, was near £20,000!!!!.

I currently do these type of rebills by writing spreadsheets where numbers are pumped in front end and tenant bills come out the other, but not integrated and transactions still need secondary input to other accounts system-a lot of duplication.

I really think your question is a tad wide in scope, an idea re numbers of operatives, scope and scale of operations and t guidance re this and what software budgets you have might help relevant answers.

My employers are certainly not the best example re use of tech; I still keep records for two of our smaller property investment entities in manual cashbooks and have two development entities (in wind down mode) where excel sheets are the record keeping system of choice, but we are really retreating to being just a property investment group, the development side has shrunk and is unlikely to expand again so we are probably not the best example re software use.

I think you ought to work out what you want to achieve, your budget etc, and take it from there e.g. you may say have a need to report to banks regularly/ report project costs actual to budgets, with flexed budgets as projects progress etc and accordingly may want to consider what software will accommodate say this sort of detailed project/development accounting/analysis.

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By TiffyCox
15th Dec 2016 13:53

Hiya,

it may be worth having a look to see if SAP Business One fulfils your requirements?

Check out Online50's website on SAP Business One.

http://www.online50.net/Online_SAP/WhySAPBusinessOne.html

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