Selecting the best accounting software for your firm are very important. Considerations should include cost of the software including annual renewal fees, techincal support availability, and users friendliness (easy to use).
SAGE Software
Sage is well known for bookkeepers. Sage Line 50 version 2008 are the best software for bookkeeping. It is good for preparing VAT returns especially for companies opt to prepare its VAT returns on cash accounting basis.
All sales and purchases invoices are posted to Sage on accruals basis and the software will account for output VAT on sales receipt basis and input VAT on paid purchases invoices only for Cash accounting VAT returns purposes.
In addition, Sage can also provide cumulative quarterly management accounts information. The company can generate profit and loss accounts on quarterly basis to benchmark its performance against target set by monitoring the sales, cost of sales and profit to ensure its performance are in line with the target and whether any immediate actions are required.
Small companies are recommended to use Sage as its cost is cheap in comparison to other software such as Viztopia and Quickbook and also it is well known and very easy to use. If you have any technical questions on Sage, please send us an email.
There are selection of SAGE Accounts 2008 available in the market, its prices are ranging from £525 to £1025.
VIZTOPIA Software
Viztopia software is widely used by small practices. This software is very good for preparations of small companies accounts especially companies opt to prepare its financial statements in accordance with Financial Reporting Standards for Smaller Entities (FRSSE). This software is being updated regularly to keep up-to-date with current changes to accounting and auditing standards.
We recommend organisation with multiple subsidiary companies and joint ventures to use Viztopia for its statutory accounts productions including consolidations. This will save considerable time and costs in paying auditors and accountants to audit and prepare statutory accounts on behalf.
With the unlimited technical support available, your staff will be able to master the software quickly and efficiently. This will also assist your accounts staff to keep up to date with current changes in auditing and accounting standards of which reduce auditors' time in recommending relevant disclosure to be put through in the statutory accounts.
CASEWARE Software
This software is also widely used by accountancy practices and organisation with group of companies.
Caseware is used for statutory accounts productions and its allow users to edit and modify the statutory accounts including notes to the financial statements on screen and save changes instantly. This facility is not available in Viztopia software.
This software also facilitate export and import of accounting data from excel spreadsheets. Trial Balances tabulated in excel spreadsheets can be imported into Caseware via mapping of the data in the spreadsheets to Caseware map codes. The process is very straight forward and easy to follow. This wil save considerable time to input data from excel spreadsheets to Caseware.
The price for this software is slightly expensive compared to Viztopia.
