Accounts Software

[brigzy]

I do my weekly updating of my books, paying bills, sending invoices, tracking expenses etc on the train home on a Friday night. It's using time I'd otherwise be doing nothing bar read a book, passing the time until I get home so that time is already committed. Takes about 30 mins maximum, usually only 15 mins though. Once a month, I take it in turns with my wife to reconcile the bank accounts with the spreadsheets, takes about 30 mins to mark it all up, again done in train time. Once a quarter, take figures from spreadsheet, dump them into the VAT template on the HMRC site and hit send. No additional time beyond that already committed.

One Sunday, once a year, we do our annual accounts and it takes 2-3 hours max because we've done all the work above.

Accountancy bill = £0
Lost revenue through having to do it myself = £0,
New sunk time costs to me = one Sunday where I don't have to go to the in-laws so really cost neutral in terms of value to me!

Oh that's great to hear - I was feeling lonely!
Can I ask if you are using DIY / your own / or other spreadsheat solution?

Thanks
Richard

[craig1]

Oh thats great to hear - I was feeling lonely!
Can I ask if your are using DIY / your own/ or other spreadsheat solution?

Thanks
Richard

Spreadsheets developed and evolved over a number of years! Slightly easier for me because we use a LLP rather than Ltd.

I do have a shiny new Ltd that I use modified spreadsheets for but that's quite easy as it's a invoice-in/invoice-out nil profit company to get round an idiot agency that doesn't believe a LLP is a limited liability entity.

[neilblock]

Although it is not free software, Quickbooks is reasonably priced and is quite user friendly. from experience I can say that this is a good product.

Hope you find what you are looking for.

regards,
Neil