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Software Recommendation

  • Fellow PM.Dip
  • Practice Licence
  • 413 posts
  • # 114137

Hi All

Haven't posted in a while, busy working!

Does anyone have any recommendations for software for a large company that is the head of other companies?

They have differing VAT periods, some submit monthly; some quarterly. They are mainly construction based companies but there are one or two that are not.

Having spoken with one of the employees, they do not have any software packages in place for accounting yet.

Let me know your thoughts please.

Thanks to all in advance.

  • 491 posts
  • # 114145

Hi David

My first thoughts are that any software is better than none! How have they been managing so far if they are a large Company?

If you have different companies under a 'holding parent' - I believe it would still be better to have a separate accounting file for each as I don't know any software that can deal with varying VAT submissions.

Having said that - QuickBooks would deal with different companies all in one file by using the 'class' system - but this would need a strict implementation of every expense having to be 'classed' to the correct business - though how this would work for different VAT submission, I don't know!

QuickBooks will also deal with multiple VAT agencies - though this is more intended for businesses that may have, for example, partial exemption on certain goods - these transactions can be put to one VAT group, then when the overall VAT submission is made, it's easy to 'view' the adjustment that is needed via the second VAT group that's been set up.

QuickBooks Online is also about to release the facility to easily record CIS payments and deductions within its software any day now :-)

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