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Cheap (ish) bookkeeping software

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I have a few clients which I use Xero and QBO for the bookkeeping, payroll and accounts are done with other software.

Now paying nearly £30 a month for this is getting too expensive as that’s not far off a third of their monthly fees.

Anyone have any recommendations for cheap but good bookkeeping software that is mtd compliant? 

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By Moonbeam
06th Apr 2019 16:08

VT software

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By SouthCoastAcc
06th Apr 2019 18:13

Ah perfect, I thought they weren't going for mtd compliance!

Edit correction

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By I'msorryIhaven'taclue
06th Apr 2019 16:37

VT's anticipated launch date for the MTD version of Transaction+ is 18th May this year. I spoke with them yesterday, and they told me their software is now listed on HMRC's approved suppliers page. Separately, I believe they are also developing bridging software.

You can download a fully functioning 60-day copy FOC from VT's website to evaluate. Beyond that time, the licence cost of "Transaction+" is £75 +VAT pa per user (whilst "Cashbook" is free software).

If, as an agent, you use VT's IXBRL software (cost £150 +VAT pa per user) then that comes in a package called "VT Accounts" which includes a single licence for the £75 pa Transaction+.

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By Wanderer
06th Apr 2019 18:51

I'msorryIhaven'taclue wrote:

VT's anticipated launch date for the MTD version of Transaction+ is 18th May this year. I spoke with them yesterday, and they told me their software is now listed on HMRC's approved suppliers page.

Can't see it:-
https://www.tax.service.gov.uk/making-tax-digital-software
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By I'msorryIhaven'taclue
06th Apr 2019 19:31

Hmm, they told me yesterday that HMRC had approved Transactions+. But you're right, it's not appearing on the list yet.

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By legerman
06th Apr 2019 19:06

I'msorryIhaven'taclue wrote:

If, as an agent, you use VT's IXBRL software (cost £150 +VAT pa per user) then that comes in a package called "VT Accounts" which includes a single licence for the £75 pa Transaction+.

It should be pointed out that you can't file MTD as an agent without VT Accounts.

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By I'msorryIhaven'taclue
06th Apr 2019 19:45

True enough, you cannot file as an agent without VT Accounts, although you could instead file via the client's Transaction+ software. It's single-company license.

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By legerman
06th Apr 2019 19:23

I'msorryIhaven'taclue wrote:

If, as an agent, you use VT's IXBRL software (cost £150 +VAT pa per user) then that comes in a package called "VT Accounts" which includes a single licence for the £75 pa Transaction+.

It should be pointed out that you can't file MTD as an agent without VT Accounts.

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By Wanderer
06th Apr 2019 18:46

Pandle

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By legerman
06th Apr 2019 19:04

Wanderer wrote:

Pandle

For cloud yes, I quite like it. £5 + VAT a month or get it billed to you at half price and recharge to the client.

It's MTD compliant for both client and agent.

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Replying to Wanderer:
Teignmouth
By Paul Scholes
08th Apr 2019 11:50

Pandle 4ME2

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By Matrix
06th Apr 2019 19:39

At that price it is only worth it if the client does the bookkeeping or at least raises the invoices and has a bank feed.

I would call up the suppliers and see if you can get some better deals (Xero cashbook is available if you are a partner and there are QB new licences for £1 if you buy a bundle). Even FreeAgent is less than you are paying and clients can use readily.

If the client is never going to login then I recommend VT too. It is much quicker than cloud.

There is also Quickfile.

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By I'msorryIhaven'taclue
06th Apr 2019 19:43

Has anyone tried Reckon? It's the latest Antipodean cloud offering, and I wonder whether this could be the next Xero.

Reviews are mixed, and many too old to be relevant.

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By leicsred
07th Apr 2019 17:20

I'msorryIhaven'taclue wrote:

Has anyone tried Reckon? It's the latest Antipodean cloud offering, and I wonder whether this could be the next Xero.

Reviews are mixed, and many too old to be relevant.

We have used Reckon. It is ok but I would say it isn't as good as QB.

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By andy.partridge
06th Apr 2019 22:31

Staying with cloud? Quickfile.

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Pile of Stones
By Beach Accountancy
11th Apr 2019 19:07

Another vote for Quickfile. £54 a year. Has some idiosyncrasies but has some really good features e.g. pulling company info from Companies House

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By mavis02455
11th Apr 2019 10:27

VT software

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By mavis02455
11th Apr 2019 10:28

Moneysoft for payroll

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By John Wheeley
11th Apr 2019 10:33

Quickfile

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By Louisemunro320
11th Apr 2019 12:55

Would recommend Freeagent - the more clients you move to freeagent the cheaper the software is for you. Freeagent have also locked down the pricing for accountants.

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By STCCS
12th Apr 2019 10:42

Have a look at Simply Accounts for a cost effective desk top solution.

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By [email protected]
13th Apr 2019 18:00

try www.nomismasolution.co.uk which costs £12 per year and is inclusive of Bank Feeds and full MTD Compliance. it offers lot more and excellent value for money.

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