Book Keeping and the High Street
I have been talking to a number of clients in the last week who (as we approach Christmas) do not have the time to keep on top of their accounts/paperwork. Sometimes the BBC (Boring but critical) paperwork side of your business can take up so much time it can cost you money, and/or business.
With changes in reporting to HMRC through RTI, MTD etc it is becoming more and more important to keep accurate and timely records of the transactions you are processing.
The three real contenders (to my mind) are Xero, Quickbooks and KashFlow. Each of them having their own pros and cons
Xero is very much loved by accountants and the level of reporting is second to none. BUT it is very clunky when it comes to the day to day completion. Not to mention the price.
Quickbooks is great for the shop front with simple to use desktop and app. The customer support is not great, but having a good local book keeper to manage your subscription should fill those gaps
Kashflow........ Simple from a reconciliation point of view, but bank feeds are a problem on legacy accounts and manual imports are now needed following changes in EU regs. The reports from KashFlow need a lot of work. Cannot comment on customer support as I have never been able to speak to anyone.
For me Quickbooks (for now) is the best way forward.
If you are looking to move your accounts to a new provider or start using a piece of software, why not give me a call on 01488 853193 to discuss.