Best software for a small bookkeeping/accounting

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Hi 

which software would you recommend for a small accounting firm for filing self-assessment tax returns and VAT returns.

Thank you

Replies (18)

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By Wanderer
18th Apr 2023 03:07

Bookkeeping & VAT -> VTT+.
Tax returns -> TaxCalc.

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Replying to Wanderer:
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By cbp99
18th Apr 2023 11:21

Seconded

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By Cat's whiskers
18th Apr 2023 09:21

VTT+ for accounts and VAT
TopUp Tax for tax returns

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Replying to Cat's whiskers:
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By tltodman
18th Apr 2023 11:55

Use and would recommend exactly the same combo here :-)

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By Lucy N
18th Apr 2023 10:55

Taxfiler

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Replying to Lucy N:
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By wilcoskip
05th May 2023 21:11

No longer possible, unfortunately.

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By Wanderer's Wife
18th Apr 2023 11:04

I recommend TaxCalc for Tax returns its dead user friendly

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Replying to Wanderer's Wife:
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By Wanderer
06th May 2023 09:08

Wanderer's Wife wrote:

Jeeze, my memory is getting worse & worse!
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By Jimess
04th May 2023 10:51

VTT+ for bookkeeping and VAT
BTC for accounts and tax returns
Moneysoft for payroll

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Donald MacKenzie
By Donald MacKenzie
04th May 2023 12:12

VT Cash Book or Transaction+for book keeping
VT Accounts for accounts
FTax for tax returns
Brightpay for payroll

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By Diana 1892
05th May 2023 08:52

Freeagent- Bookkeeping and VAT - simple tax returns
Money soft - payroll

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By Somnat
05th May 2023 18:06

For small firms, I would recommend using QuickBooks or Xero, as these programs are great for small businesses and have many useful features. They will make bookkeeping easier, help keep track of expenses and income, and are helpful in preparing VAT returns and self-assessments. I would recommend starting by familiarizing yourself with the concept of cloud computing and how it works.

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Replying to Somnat:
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By Hugo Fair
05th May 2023 21:09

Hmm ... but ONLY if you are a small company whose needs don't go beyond basic book-keeping (preferably for cash accounting ultimately) - as that's their target market.

On t'other hand, OP was asking as a "a small accounting firm" - for whom all the other responses above will be far more suitable.

Oh, and what's Cloud got to do with the question?
That's a bit like determining which house to buy as your family home on the basis of inclusion/omission of a car-port roof ... a facility that some may appreciate (and others not) but hardly the priority!

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Replying to Somnat:
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By DKB-Sheffield
05th May 2023 21:17

Sounds like a great advert for QBO and Xero.

Have you actually used either? What are the accounts production and tax return functions like in QBO?

I only ask because earlier you wanted to know how health care apps were made?

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Replying to Somnat:
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By julia23
06th May 2023 16:30

I also like QuickBooks because it has a fairly simple and user-friendly interface, but I'm not an accountant, so it's easier for me to work with QBO, and I have not tried Xero at all, unfortunately. So I can't say anything. Of course, accountants may have a different opinion on this issue.

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Replying to julia23:
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By Hugo Fair
06th May 2023 16:46

"Of course, accountants may have a different opinion on this issue."

Quite, as per the post immediately above yours from DKB-Sheffield asking:
"What are the accounts production and tax return functions like in QBO?"

OP quite specifically requested software recommendations "for a small accounting firm for filing self-assessment tax returns and VAT returns" - which is NOT QBO or Xero.

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By Christopher33
06th May 2023 13:02

Please tell me if I can scale resources according to the changing needs of my small business with the help of cloud design? I've heard that you can increase or decrease the amount of processing power, storage, and other resources according to business needs. Is this really the case?

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Replying to Christopher33:
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By Hugo Fair
06th May 2023 13:22

Nikita Brikman wrote:

Please tell me if I can scale resources according to the changing needs of my small business with the help of cloud design? I've heard that you can increase or decrease the amount of processing power, storage, and other resources according to business needs. Is this really the case?

Yes, you "can increase or decrease the amount of processing power, storage" ... but so what?
Those are only (part of) the hardware component of your 'systems', which are themselves easily the cheapest part due to commodification of servers and rapid development of storage capacities.

The real cost is in software (whether through licences or development) - and those aren't affected by *where* the processing takes place.
If anything, package suppliers who are keen on Cloud use this to move licensing onto a subscription model (which tends to massively inflate the cost to users over the years).

So, your analogy is like saying that hiring a car (or even using only taxis) gives you greater flexibility to adapt to changing requirements for personal transport - which is true but not the most important factor for most people (ownership / control / cost-effectiveness / freedom to change when *you* want to / and so on)!

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