Company Formation

**TheMonkey** · 1 June 2006, 20:07

I used the CUK formation service.

I am the accountant too

**Sonnabee** · 1 June 2006, 20:36

Someone recommended that I use a software package called Quickbooks to do all my accounts and not use an accountant. Would you recommend this or would it be best to use an accountant for the 1st year?

**TheMonkey** · 1 June 2006, 20:47

Originally posted by Sonnabee

Someone recommended that I use a software package called Quickbooks to do all my accounts and not use an accountant. Would you recommend this or would it be best to use an accountant for the 1st year?

I use Sage, which sucks. Can't say the same for QB as I've not used it but it's probably better. There are plenty of books out there explaining what you need to do to run a Limited company.

You do not NEED an accountant but there is a LOT to learn.

**Sonnabee** · 1 June 2006, 20:52

Thanks. Looks like I need to do a lot more reading.

**cojak** · 2 June 2006, 07:20

I'm using Quickbooks and I have an accountant. Get the accountant first and find out what they use. My accountant set up my software and trained me in the use of QBs.

I use QB for bookkeeping and my accountant for sorting out the legal and tax stuff (saves me more than I pay him, btw...).

My bookeeping (which includes creating and sending out invoices) takes a few minutes per day.

I'm up-to-date with my accounts and can send everything off to the accountant the moment I've reconciled my year-end bank balance.

I like QB as it auto updates with tax and VAT codes and the like (Sage probably does the same) - this is the only reason I wouldn't recommend Gnucash (unless there's a company out there that can provide tax support for it).

**Pondlife** · 2 June 2006, 08:32

Originally posted by cojak

I like QB as it auto updates with tax and VAT codes and the like

Did you buy a uk specific version or is country independent and configurable for updates?

Thanks.

**cojak** · 2 June 2006, 09:17

Just get it from a UK distributer (on or offline) and follow the installation instructions.

I can't remember the detail but it was no big deal...

**ASB** · 2 June 2006, 11:36

Originally posted by Pondlife

Did you buy a uk specific version or is country independent and configurable for updates?

Thanks.

You will need a UK version.

**Pondlife** · 9 June 2006, 15:02

and more

Company Formation