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Discussion in 'Accounts & Finance' started by Talay, Jan 28, 2019.
What he said..!!
Yeah because they are dealing with people who have one company and are talking about £20 or so a month.
When that rolls up to £250 or so per month then you question the rationale when a company 10 times the size could easily make do with the £20 a month version.
Price is not number one but their model does not cope for a single user with multiple companies.
1 company with 1000 transactions = £20 a month
10 companies with 10 x 100 transactions = 10 x £20 a month
We make no more use of their services in many respects but want 10 x the price. Hard to see where that is logical.
As for the halfwits, then yes, they are the halfwits on the chat because all they know is canned responses and cannot either escalate or know any other option that trotting out the corporate line from the list of canned responses in front of them.
Sage will cost more for 10 companies than it does for one. I am not sure I get your point. If you wanted to buy 10 cars you would get charged more than you would for 1 car.
By creating 10 companies you are opening yourself to a lot of extra overhead, 10 x bank accounts , 10 x annual accounst etc.
Is your business so complex its needs 10 different companies that can be operated by 1 man than surely its big enough to £3000 for 10 licences to run its finances
You asked for advice people have told you what they think yet you are shooting them down
A 10 licence version of sage desktop will be not be a cheap option either
As we are talking purely about price just now, as a comparison, Sage 50cloud Professional with 10 companies is £125 per month (and that is direct from Sage) so, substantially cheaper than Xero for 10 companies per month for a single user. Even if you for go for 10 users, it is £140 per month so still cheaper than Xero.
I was replying to Talay point where he states that 1 company with 1000 transactions and 10 companies with 100 transactions would pay a lot more for there software, which is fairly obvious but he now seems to want software that charges per transaction and not, users, companies etc.
The guy has asked for advice then shoots anyone down who gives him it.
despite asking for further details he hasn't given any better details like nature of trade, volume of invoices in/out etc.
I am losing the will to live with the thread.
My advice is if you have 10 companies with a small amount of transactions go to Natwest and open 10 separate business accounts that way you might get freeagent for free for all 10 companies.
Talay, if you've not already chosen yet, it may be worth looking at Pandle. I use it for one of my clients and although it doesn't have bells and whistles like Xero neither does it have a similar price. Sign up as an accountant so you get the dashboard then add each company to it. Cost will be £2.50 a month per Company plus VAT. Payroll I would suggest Moneysoft at around £150 + VAT a year. Taxfiler for the year end stuff at £10 + VAT a month.
Integrated it may be worth looking at either Nosmisma Solutions or Capium. I think the bookkeeping modules are free on both and you pay for Payroll and year end stuff. I have no idea how good they are as I've never used them.
If you're not fussed about it being cloud then you can't beat VTT+. It'll cost £75 + VAT a year and the new version will be MTD compliant (or VT accounts & VTT+ if you want to do the year end stuff apart from filing as it imports straight from VTT+ @ £150 + VAT a year) then add on moneysoft and Taxfiler.
100% with Glen on this, for a company that warrants 10 separate companies etc this is chump change especially when we are actually comparing 10 x £20 with 1 x £140. For the small difference in cost you'd make up the difference in admin time saved.
And he's also correct that you don't want answers...
Xero is my preferred software - I have been using it for over 7 years.
No mention of Gnucash or similar open source software. Why?
Gnucash is great, but the user has to configure it and you will have to add a plugin for MTD.
Gnucash will do everything from multiple currencies, payroll and even bank direct and P&L printouts and charts. It is a proper double-entry system for adults!