Advice re: switching to VTT+ from Xero

Starting a third small business - reluctant to pay yet another monthly Xero subscription

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Greetings,

I've been using Xero for a few years as it's pretty user-friendly for someone like me (a non-accountant). Thing is, we started a second business last year and I reluctantly took a second Xero subscription for that (albeit with a whopping 5% discount as an existing subscriber - how generous!), but now we're separating part of that enterprise into a third company. I already feel that Xero's fees are pretty exorbitant and I just don't want to give them any more money frankly. I did try Zoho Books free plan but it doesn't allow you to enter bills - just record expenses already paid. To get the bill entry option you have to jump two tiers to 'Professional' for £24 p/m as even the Standard plan (£12 p/m) doesn't have it!

Having searched this very helpful forum, I'm very interested in VTT+, having never heard of it before. Do many small business owners use it and is there much of a learning curve involved? I only perform fairly basic procedures - recording bills, expenses, income. I won't even be handling VAT at this point because the new company isn't registered as yet. I know I'll have to get used to importing bank statements after having the luxury of a feed, but I'm fine with that.

Hope somebody can advise.

Thanks!
 

Replies (7)

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Scalloway Castle
By scalloway
30th Apr 2024 12:43

I'm the treasurer of a couple of social enterprises. When the second one was set up I initially used VTT for the accounts but I found it clunky compared to other accounting programs I have used. I have now moved its accounts to Xero.

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Replying to scalloway:
RLI
By lionofludesch
30th Apr 2024 13:11

scalloway wrote:

I'm the treasurer of a couple of social enterprises. When the second one was set up I initially used VTT for the accounts but I found it clunky compared to other accounting programs I have used. I have now moved its accounts to Xero.

I'm guessing that will turn out to be a minority view.

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Replying to lionofludesch:
Scalloway Castle
By scalloway
30th Apr 2024 13:38

From what I have read here I realise I probably am in the minority. I used VT Cashbook for my own business before I retired, which I liked. I didn't manage to get VTT to bend to my will as easily as I have done with other software.

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By Truthsayer
30th Apr 2024 12:43

VTT+ is vastly simpler, cheaper, more intuitive, and better in almost every way compared with Xero. Like many professional accountants, I use it extensively.

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Replying to Truthsayer:
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By Jo Nokes
30th Apr 2024 12:58

I agree, far better but possibly not as easy to understand for the layman. For we professionals, so simple to move or edit transactions, change periods, far less clicks needed. You can upload a bank CSV easily, bank feeds hardly missed. All for minimal cost. Just go for it

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By rmillaree
30th Apr 2024 14:55

another option here for the price conscious is to look at freeagent - if you dont bank with a bank that is default free ref freeagent (natwest/rbs) then it should be very easy to open a mettle acount that will give you the free freeagent subscription - freeagent has the bank feeds too !!.

Note with mettle i think they like you to have one transaction a month - probably no bad thing having secondary bank acount even if its just for emergencies or specific limited items.

https://www.mettle.co.uk/eligibility/

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By steve2309
01st May 2024 18:04

Big thanks to everyone for the input. I think I'll give VTT+ a go - especially as it's free for 60 days! It'll give me a good chance to see if it suits my needs.

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