Member Since: 15th Mar 2005
Chartered Accountant CloudBook Accountants Ltd
5th Feb 2021
Desk cycles are great. I get the equivalent of about 20,000 steps a day. https://deskcycle.com/
18th May 2017
£1 per client per month is a lot compared to other PM software with automated client emails priced at £29 - £49 per month per user.
11th Mar 2016
100% free, funded by ads
stepurhan wrote:This is still a digression of course, though you are sounding more like a Wave salesperson with each post.paulcolman wrote:@stepurhan @tim_vane I asked Wave and they said they have 120,000 UK businesses using their free accounting software and growing. Well he actually said growling, but I don't think it's that bad!
I would point out that 120,000 UK businesses is not a big proportion of 2million (as you originally suggested it would be). petersaxton has already raised the question (do you know the answer?) of whether that number is actual use or just downloads. If a lot of people look at it because it is free, but end up not using it because they cannot understand it, that's rather an important fact to know.
But I think there is an even more important question. You say that the existence of Wave shows that free accounting software is available. My question is how are Wave, presumably a commercial business, financing this free provision of software? Is their model akin to the "free-to-play" games? (you can get a basic version, but have to pay for one that has any useful features) Are there in-account ads? Is this a free trial period that will become a paid-for program at a later date? A business with no income is not a viable business. A free accounting platform that could vanish tomorrow (taking client data with it) because it can't pay its running costs is no good to anyone.
No commercial enterprise can provide free software without some sort of catch that likely ends up costing the user. Enforced digital record-keeping is only viable if accounting software without commercial restraints is provided. If government wants to make the demand, it has to provide the tools to meet that demand. I can see them facing a drubbing in the courts sooner rather than later if they seek to force businesses to pay instead.
I don't know whether the 120k in the UK is for active users or all time subscribers. If you don't use an account for a while they email you to say they are archiving it, so perhaps 120k is just recent and ongoing users. I didn't say it was a big proportion of 2m, I said (on a whim) almost as many as Xero. It might not be almost as many, but it's not an insignificant number so not 'utter rot' as Tim put it.
Their accounting is stated as "always 100% free". It's funded through relevant adverts at the side of the page and it charges for the payroll software but that's only available in USA and Canada at the moment. I advise my clients to export their data regularly as a backup.
I'm not selling Wave, just defending my opinion of it.
I agree, the government must ensure there are free tools available if they are going to demand it, like they do with RTI, and NEST. Perhaps they will soon be funding Wave too!
10th Mar 2016
@stepurhan @tim_vane I asked Wave and they said they have 120,000 UK businesses using their free accounting software and growing. Well he actually said growling, but I don't think it's that bad!
10th Mar 2016
Your "review" says that you recommend Wave Accounting. It is right at the top of your online accounts package list. It is the only package specifically mentioned in your blog posts.
So it seems not unreasonable to suggest that your client list is biased towards Wave Accounting because you actively promote it. Hence your client base is not an accurate representation of the market as a whole.
I agree. Although I'd just say that my guess was very loosely (if at all to be honest) based on my clients, and we recommend other ones too depending on the client (usually Xero). Xero state they have 600k worldwide subscribers and Wave states it has 1.7m customers worldwide, but Wave is certainly less prominent in the UK. Who knows?!
Anyway, my main point was there is affordable (free) software out there, that is established and has a growing reputation. So I would argue against the points made that businesses would be forced to pay for software.
10th Mar 2016
@Tim_Vane To be honest, Wave having a similar number of UK users to Xero is a complete guess. But it's been around since 2010 and with 1.7m worldwide users, 60+ employees and 69 UK accountants listed offering Wave Pro-Services, I don't think it will be 'utter rot'.
We all prefer Xero, but many micro businesses prefer not to pay anything for software if it does a good enough job. That's why we also offer Wave.
10th Mar 2016
Free Accounting Software
I see it as progression and RTI was indeed just easing us into this. It gives the government a cash boost by businesses paying taxes as they earn it and not up to 21 months later.
Yes, it will cause havoc with people still using paper cashbooks or spreadsheets, but there are plenty of tools (and accountants) to help.
You can get free software that does a decent enough job such as Wave Accounting (our review of it is here) and Quickfile. Most of my clients use Wave followed by Xero, so I'd guess Wave's market share accounts for almost as much as Xero's of the 2m total users someone quoted.
Businesses either need to learn to use the software properly and keep their accounts updated regularly, or pay for accountants to tidy it up or even do all of the bookkeeping for them. Sounds good to me!
26th Jul 2013
If you have the time (with kids??!), do your own website on Wordpress. It's not too difficult because there are themes and plugins you can download. It will look unique, and it will save you money when setting it up and when it needs updating. You can easily add technical content from the likes of Websmiths to your own website if you want to.
We've had a lot of good feedback about ours - CloudBook Accountants Newcastle
As for kids, we were lucky and had our eldest potty trained by the time the youngest arrived. We had cheap potties in almost every room as a reminder to use one (rather than nagging)! We resorted to controlled crying with both. Seems to have worked quite well so far, although our youngest still usually wakes once, it's better than every 2 hours!
4th Jul 2013
Do it yourself
Regardless of age, if you think you have everything that is needed to be a partner, and you're not getting the opportunity, set up your own firm.
Technology has made this fairly easy and cheap to do, although quite time consuming. I did almost everything myself and it's going well so far. An even easier but more expensive option is an accounting franchise.