Dear All
Currently working for two businesses, both of which are using Sage Line 50.
Both business have a need to reconcile income for each customer and this is currently quite time consuming as invoices are raised in arrears, in advance and sometimes across the boundary of a month.
Both businesses also engage a large number of self employed persons (remittances and end of year statements).
The question is, can anyone recommend a good software package that will do all this? I'm quite certain Sage Line 50 can't do what I need.
Thanks
Daniel
Replies (13)
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Departmental type analysis
Years ago I remember a firm of consultants with what I think is a similar problem where their consultants were paid based on the income or even gross profit per client and, as in your case, each client, and sometimes each consultant, would invoice on different time scales.
What they did was to set up a departmental type analysis where each department was a different MM-YYYY, this enabled them to allocate invoices and costs on an "accruals" rather than an invoice date basis.
Depending on the software, and it's reporting functionality, this may still not be an ideal solution but it might help.
PS: I hope you still find a reason to move away from Sage !
Sounds like a job for QuickBooks desktop
2014 is pretty good at this altho the detail you give is not comprehensive enought to say further other than job tracking and classes seem to be the answer to your clients problems
Accounting Software (Industry)
Daniel thanks for your question.
We’ve implemented Xero for a number of clients. Normally we have focused on the benefit of the automatic bank feeds and the resultant bank transaction processing.
Clients have found the accounts payable and accounts receivable reporting to be one of the main advantages. This has aided clients with their reporting for example a list of outstanding invoices can be viewed quickly. Statements take seconds to send via Xero.
Unlike Sage Xero is designed for non-accountants so things just make sense.
Hope that helps!
Have a look at Aqilla Cloud Accounting
Hi Daniel,
It sounds like Aqilla will be suitable for you. It has got all the functions you are looking for and also the software can be always configured to meet your needs.
Here you can find all the features:
http://www.aqilla.com/aqilla-accounting-features/
Aqilla is very easy to use and the price is affordable.
Let me know if you would like to find out more information, I will be happy to help you.
i doubt that Aquilla will do the job
lots of people are either recommendingtheir favourite software or touting for business. i note that you now say that you need to work within sage whereas that was not what you originally said , what exactly is your problem? are you unable to handle the volume of detail within sage. your comments are about QB not being able to handle the volume of transactions is not correct
Aquilla might not, but Aqilla could!
It can manage cross period processing (past and future) and features a neat automatic transaction matching facility for auto-reonciliation of payments against invoices, and another separate function for automatically reconciling the bank account against an uploaded bank statement. It's cloud based. Prices from £50 a month (plus some setup costs).
Danny - think you are right ...
to look at the next league up, the basic bookkeeping systems mentioned are at the bottom end.