I am the FC of an SME business (roughly £5m T/O). We are rapidly expanding and the data entry/day to day bookkeeping is taking up more and more of my time. We currently use Sage 50 as our accounts package and for payroll. It is an outdated 2014 version so hasn't had any of the recent updates.
I am now looking at making processes more streamlined, and part of this is to look at Sage and see whether it still works for us. So, I'm looking at it's pros and cons, and comparing against other options - namely Xero and Quickbooks. I'd like it to have auto bank feeds, auto invoice and expenses entry, but also to have decent management accounts reports, decent multi currency functionality, budgets/forecasts, and the ability to store documents (to move away from paper!).
I'm interested to guage experiences with Xero and Quickbooks, and how they work in SME's. I've tried searching AW already, but most comments/questions are tailored towards practice.