A large number of my clients are below the vat threshold and won't require quarterly reporting with MTD but I have been thinking for a while that it would only be a matter of time before I took everything over to the cloud. I use Accountancy Manager and Taxfiler to supplement VT.
I was wondering if you still use VT for the final accounts, companies house filing and the iXBRL capability to support a trial balance from say Xero or have you shifted everything to the cloud with QBO or Xero and left VT behind.
How do the prices compare. With VT it's only £150 plus vat, very inexpensive. What would the cost be for say 150 clients using both QBO and Xero and the individual cost of the client obtaining the software. Most clients that I work with are not interested or too busy to complete any form of book keeping but a few are showing more interest and want to use cloud based software and this is I presume the advantage that a good cloud based product would have over VT especially for remote clients.
I only mention these two because I've used Sage for years and not impressed in comparison to VT. I read some threads on the forum that the supplier / customer ledgers /reports in Xero don't seem to give enough detail although the bank feed option is good but apparently QBO has some problems with bank feeds.
Could you give me a very quick pro and con for both in ease of use for client, price, bank feeds, final accounts production etc and if you are still using some aspects of VT side by side with the cloud product.