Moneysoft

Moneysoft

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After weeks of trying, I've finally convinced the practice to dump Sage 50 payroll and go for Moneysoft (specifically Moneysoft 100). I think the tipping point was our first client AE staging being January, though we'll probably migrate the others for April 2016. I plan on paralleling 2 months on each payroll (which means for the January stager, Nov and Dec).

It's been a good 7 years since I used Moneysoft, and whilst I have the demo version installed (it helped with the convincing), and I can't see any holes in the software, are there any "gotchas" I need to be aware of?

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By tom123
17th Sep 2015 14:14

Do you really want to parallel run? To me that could create more problems than it solves - although that is just my preference.

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By SteveHa
17th Sep 2015 14:17

I certainly do on at least the first couple, and I'm sure the office manager will want to with our own payroll, but at the end of the day, all it proves is that the data has migrated correctly. I would expect both programs to be using the same math.

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By Tim Vane
17th Sep 2015 14:24

Maths. Just saying.

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By Kazmc
17th Sep 2015 14:25

.

I would 100% parallel run, we moved from Sage 50 to IRIS and there were all sorts of oddities (for want of a better word!) that were flagged up purely through parallel running. Good luck.

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By Euan MacLennan
17th Sep 2015 15:23

Sage is so quaint!

As far as I am aware, Sage still calculates NI contributions on the 'tables' method, rather than the exact percentage method used by most other payroll software.  In the tables, the rates are given in steps of £4 for monthly earnings (£876, £880, £884 and so on), with the instruction to round down the employee's earnings to the step below.  So, if you are paying £883.33 a month (£10,600 ish a year), Sage will calculate the NIC each month on earnings of £880 (£10,560 for the year).

On the other hand, Moneysoft uses the exact percentage method, so it will calculate the NIC each month on £883.33 and the figures will not agree with those produced by Sage.

When you use the Mid-year Start facility in Moneysoft, you have to enter the total earnings in each band as well as the total NIC paid from the Sage P11 deduction statements.  As I recall, Moneysoft works out that NICs have been undercharged in the past and catches up in the first month.

You could spend a lot of time reconciling the different figures produced by Sage and Moneysoft if you insist on parallel running!

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By SteveHa
17th Sep 2015 15:26

OK, that''s good to know for the single client that will go live on Moneysoft this year. Parallel runs for the others will be offline in Moneysoft and will take place February and March, meaning that I can simply disregard the Moneysoft adjustment for NI, provided everything else is accurate.

When we go live with the remainder, we will be in the new tax year and so starting from a clean slate.

Thanks for the heads up, though.

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