Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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I know their are a few accountants on here, and also a few business owners....just wondering what accounting software you use? Im converting the paper based accounting we do now to a computer based one as we are going to be expanding fairly quickly and will make things much easier in the future.
Ive used Sage a little in the past and this is currently top of my list as to which to use, but wouldnt mind a few opinions on this and other software out there.
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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Sage is the most used by SME's iirc.
We used to use another one, can't for the life of me think of the name 
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Robbo
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Registered: 6th Aug 02
Location: London
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quote:
Originally posted by Cosmo I know their are a few accountants on here, and also a few business owners....just wondering what accounting software you use? Im converting the paper based accounting we do now to a computer based one as we are going to be expanding fairly quickly and will make things much easier in the future. Ive used Sage a little in the past and this is currently top of my list as to which to use, but wouldnt mind a few opinions on this and other software out there.
yeah go with sage line 50, as you expand you can move up to line 100 or 200, perfectly capable, only problem with sage is its very unforgiving if you cock up. There arent really any credible alternatives imo although microsofts one may be worth a look and also a program by iris
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strick206
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Registered: 12th Apr 07
Location: Wigan Drives:Integra DC5
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Sage is the one used in uni also
What do you do cosmo?
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Hammer
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Registered: 11th Feb 04
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Qualified to use Sage and used Pegasus Capital Gold for 2 years before moving back to Sage with my current company. Pegasus was ok but not th emost powerful tool truth be told.
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Matt L
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Registered: 17th Apr 06
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i use sage aswell never used and of the other software
[random] a accountancy software company has opened in the unit next door to us [/random]
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John
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Registered: 30th Jun 03
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Pegasus capital gold is one of the worst pieces of software i've had the pleasure of dealing with.
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Hammer
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Registered: 11th Feb 04
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John did the networking for my old company as you can tell 
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Marc
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Registered: 11th Aug 02
Location: York
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We? Are you in employment? 
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pow
Premium Member
Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
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Hebron is the one we use at work
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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quote:
Originally posted by strick206
What do you do cosmo?
My mum and sister own a bridal shop, and are looking to expand with about 5 or 6 more before the end of the year (currently buying the 2nd right now), so have asked me to come onboard and basically run the business side and allow them to concentrate on the day to day bridal shite.
So at the moment Ive been indentifying possible targets (have a list of about 6 at the moment that we are due to meet with this week) aswell as speaking to the lawyers/accountants/etc. about business structure, working practices, and a load of other really boring rubbish
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strick206
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Registered: 12th Apr 07
Location: Wigan Drives:Integra DC5
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Ahh, thought it may have been working for your family business
You demandinG a graduate wage from it all?
Good luck with it
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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I hate all that dull bit
Got shit loads of stuff you can nick if you need though mate, employment contracts etc.
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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quote:
Originally posted by strick206
Ahh, thought it may have been working for your family business
You demandinG a graduate wage from it all?
Good luck with it
It wont be full time for me, its just something I can do to bring an income in for the next 6-12months whilst I set something of my own up.
And yes and no, Im getting a % of the company ownership, aswell as drawing cash as being a partner in it. When we incorporate it (probably after we reach 4 shops in total and have a turnover of just over £1m) then I'll be put onto a proper wage I think.
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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quote:
Originally posted by Tom
I hate all that dull bit
Got shit loads of stuff you can nick if you need though mate, employment contracts etc.
TBH we have most of it sorted as the business has been running on its own for the last 16months or so now. And we have most of the (basic outline) purchase contracts sorted as we bought the ladieswear shhp that is next door to the bridal shop to do Mother of the Bride and stuff like that.
I may end up picking your brains anyway (over a beer at the match)
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Tom
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Registered: 3rd Apr 02
Location: Wirral, Merseyside
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No problems mate 
(Sounds interesting btw  )
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Robbo
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Registered: 6th Aug 02
Location: London
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dont wait to incorporate craig, do it now. The benefits far outweigh the couple of hundred quid it costs over and above a st
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Hammer
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Registered: 11th Feb 04
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quote:
Originally posted by Robbo
dont wait to incorporate craig,
That sound like the title to a song or something
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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quote:
Originally posted by Robbo
dont wait to incorporate craig, do it now.
TBH thats what me and my Dad were discussing with the accountants and then the lawyers a lot of yesterday.
Its not the cost of doing it that bothers us, its the tax benefits of being a partnership. At the moment we can handle the risk as turnover is only around £350k. Once we buy up one or two more though it'll be pushing £700-800k so that'll be the time.
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Robbo
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Registered: 6th Aug 02
Location: London
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quote:
Originally posted by Hammer
quote:
Originally posted by Robbo
dont wait to incorporate craig,
That sound like the title to a song or something
Royalties are mine mofo 
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Tommy L
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Registered: 21st Aug 06
Location: Northampton Drives: Audi wagon
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We use sage and iris here. We do have quickbooks but its fucking terrible.
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Jambo
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Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
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my sister sells quickbooks
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R Lee
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Registered: 15th Aug 03
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My accountants has told me to use Sage for my business.
So... I bought it, but i'm too scared to start 
I need training
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
User status: Offline
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quote:
Originally posted by R Lee
My accountants has told me to use Sage for my business.
So... I bought it, but i'm too scared to start
I need training
You can buy workbooks and shit from their website that will walk you through getting used to it all IIRC.
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Hammer
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Registered: 11th Feb 04
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I did a 12 week module in uni on it but still felt like i was starting from scratch when i opened it again last week
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