M.Y.O.B or Quickbooks
Thread Starter
Joined: May 2005
Posts: 65
Likes: 0
From: WA
M.Y.O.B or Quickbooks
Does anyone have any advice on what software is easiest to use for a potential new business that requires stock keeping and time billing
They both seem to cost around $500 oz.
Or is there a better alternative to those two
thanks in advance
They both seem to cost around $500 oz.
Or is there a better alternative to those two
thanks in advance
Hovering AND talking
Joined: Feb 2003
Posts: 5,711
Likes: 1
From: Propping up bars in the Lands of D H Lawrence and Bishop Bonner
If it's available in your country, Sage beats the competition hands down as it will see you through your business growth.
Alternatively, have a chat with your accountant and see what they recommend.
Cheers
Whirls
Alternatively, have a chat with your accountant and see what they recommend.
Cheers
Whirls
Joined: Dec 1998
Posts: 4,282
Likes: 6
From: Escapee from Ultima Thule
You could look at GNUCash. It's free - both in cost & in ideology - so only your time will be involved and is available across a number of operating systems. It's a double entry system, as used in standard accountancy practice.
My wife & I are going to have our own Limited Liability Company and intend using it for that based on what we've read about it.
Here's what their website says:
"Designed to be easy to use, yet powerful and flexible, GnuCash allows you to track bank accounts, stocks, income and expenses. As quick and intuitive to use as a checkbook register, it is based on professional accounting principles to ensure balanced books and accurate reports.
Feature Highlights
Double-Entry Accounting
Stock/Bond/Mutual Fund Accounts
Small-Business Accounting
Customers, Vendors, Jobs,
Invoices, A/P, A/R
QIF/OFX/HBCI Import, Transaction Matching
Reports, Graphs
Scheduled Transactions
Financial Calculations"
Free Accounting Software | GnuCash
My wife & I are going to have our own Limited Liability Company and intend using it for that based on what we've read about it.
Here's what their website says:
"Designed to be easy to use, yet powerful and flexible, GnuCash allows you to track bank accounts, stocks, income and expenses. As quick and intuitive to use as a checkbook register, it is based on professional accounting principles to ensure balanced books and accurate reports.
Feature Highlights
Double-Entry Accounting
Stock/Bond/Mutual Fund Accounts
Small-Business Accounting
Customers, Vendors, Jobs,
Invoices, A/P, A/R
QIF/OFX/HBCI Import, Transaction Matching
Reports, Graphs
Scheduled Transactions
Financial Calculations"
Free Accounting Software | GnuCash
Joined: Oct 2000
Posts: 779
Likes: 0
From: Sunny Sussex
No idea what MYOB is but I have been using Quickbooks for seven years in my business. It's very straightforward to use, processes VAT at a stroke, gives customised invoice templates, memorised transactions for repetitive items & also allows you to go back and void or delete mistakes as necessary - hence the nick name cookbooks.
I looked at Sage but decided against it as at the time, the modular design made it expensive. £99 for sage instant accounts but by the time one had added vat, invoicing etc it looked more like £1000. Whether that's changed or not I don't know.
At the very beginning, I had Omni accounts which was awkward to use. I had a problem & opened a ticket. This was in 2004. They emailed me last week asking whether or not I had resolved the issue!! Is this a new record? Even AOL aren't four years bad!!
I looked at Sage but decided against it as at the time, the modular design made it expensive. £99 for sage instant accounts but by the time one had added vat, invoicing etc it looked more like £1000. Whether that's changed or not I don't know.
At the very beginning, I had Omni accounts which was awkward to use. I had a problem & opened a ticket. This was in 2004. They emailed me last week asking whether or not I had resolved the issue!! Is this a new record? Even AOL aren't four years bad!!
