Share this content

Best software for start-up accountancy practice

Best software for start-up accountancy practice

Didn't find your answer?

Hi everyone

I am starting my own accountancy practice and looking for the cheapest and best software for accounts production, filing tax returns and payroll. I also have a part time job so I dont expect to have a huge number of clients to start with (less than 10 clients) and I also want to focus (but not exclusively) on non for profit organisations. I just want somethings which does the job with the best value for money. 

Thank you

Replies (15)

Please login or register to join the discussion.

avatar
By Leywood
14th Dec 2021 07:53

Iris.

What do you want the cheapest or the best?

Do a search on aweb, this question has been asked and asked and asked and asked to the point it’s just boring.

Thanks (1)
Replying to Leywood:
John Stokdyk, AccountingWEB head of insight
By John Stokdyk
15th Dec 2021 15:40

Perhaps the OP did not check the user guide and search for previous answers first, but while you find the question boring, they may not - and anyway, what's fascinating is that the answers are constantly changing as product capabilities improve.

A year ago, Xero Tax wasn't ready, nor did we have the all-new Sage for Accountants package (though I would wait until February before getting too serious about that).

So have some patience, please, and if the question bores you then perhaps don't bother getting involved with it rather than sniping at the OP. Season's greetings and thanks.

Thanks (4)
Replying to Leywood:
avatar
By sammerchant
16th Dec 2021 17:05

It's a moving target! What was the best last month may not be the best now!

Thanks (0)
avatar
By paul.benny
14th Dec 2021 08:30

You've got your practising certificate, PII, AML registration, etc all sorted? And a business plan?

I've not been in practice since qualifying, but it strikes me that 10 clients may barely generate enough to revenue to cover the mandatory costs. Especially if they're not-for-profits where the desire/ability may be low.

It's not the question asked, I know. Just saying.

Thanks (3)
Replying to paul.benny:
paddle steamer
By DJKL
14th Dec 2021 09:10

Depends on the fees per client, 10 @£5,000 makes a decent start. I managed my PT practice with less than 20 clients but with a few (not 10) at £5k plus fees.

Thanks (0)
RLI
By lionofludesch
14th Dec 2021 09:18

"I am starting my own accountancy practice and looking for the cheapest and best software for accounts production, filing tax returns and payroll."

There is no answer to this. The question is ingenuous.

Thanks (2)
paddle steamer
By DJKL
14th Dec 2021 10:13

No idea if best or cheapest but I used (still use ) Taxcalc re tax and accounts production and Brightpay re bureau payroll- however not sure this is a good choice re not for profit entity accounts.

Thanks (1)
Glenn Martin
By Glenn Martin
14th Dec 2021 14:50

cheapest is taxfiler or Xero Tax if you use Xero for your bookkeeping

Mid Range - Taxcalc and BTC

Top End - Iris and Digita

Start how you mean to go on, if you want to pack in work at some point and aim to get 100 clients then look at Taxcalc from the off.

Also I would be not be so keen to work with not for profits and charities the scope creep is horrendous and they have an expectation that you should work for nowt also.

Thanks (2)
avatar
By Luke Spooner
14th Dec 2021 16:10

Sage do a good one, costs about £200-ish per year for unlimited clients from memory.

Thanks (1)
avatar
By RobbieT
14th Dec 2021 16:27

Xero - your clients cover their own subscriptions and if you can learn Xero Tax then the whole package is included: bookkeeping to accounts & CT + filing VAT & payroll

Thanks (2)
avatar
By bpham
15th Dec 2021 13:28

Thanks for the all the suggestions!

Thanks (0)
John Stokdyk, AccountingWEB head of insight
By John Stokdyk
15th Dec 2021 15:52

Thanks for your question bpham. As well as the helpful answers you've received here, you would do well to search the Any Answers page for "start up software" or "start up practice". The results are patchy, for which I apologies, but as I hinted the possibilities change frequently. Here's one from last year as a sample:
https://www.accountingweb.co.uk/any-answers/software-suggestion-for-star...

Some of our members have questioned whether choosing software should be your first point of query when there are so many other considerations (regulation, insurance, client acquisition etc).

AccountingWEB also has some content related to that on our start-up-in-practice page: https://www.accountingweb.co.uk/tags/start-up-in-practice

There's a marketing guide available from our sister company PracticeWeb: https://www.accountingweb.co.uk/resources/how-to-market-your-startup-acc...

...and if you do a wider Google search, you can track down all sorts of other resources to help you plot your course. Good luck and let us know which direction you go!

Thanks (1)
avatar
By jayesh21
16th Dec 2021 10:10

https://www.capium.com/

Check on the above. Look at a longer term view as once you start on a system set-up, it would be hard to change or move away later on.

We use CCH/Wolters Kluwer. It is decent (not the best) but expensive and we are stuck with it as it involves a lot of effort moving away from same.

Thanks (1)
avatar
By mohan1
16th Dec 2021 10:34

For accounts production: VT Final Accounts and VTTransaction+
https://www.vtsoftware.co.uk/

For filing tax returns: Taxcalc
https://www.taxcalc.com/tax

Payroll: Payroll Manager
https://moneysoft.co.uk/payroll-manager-overview/

Thanks (1)
Share this content