• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Cloud Accounting Software

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    Cloud Accounting Software

    Hi All

    I have started a limited company this summer but are not happy about my current accountancy and their platform.

    I am invoicing in foreign currency (DKK and USD) and GBP and I am using Revolut business, as that might save me a lot in currency exchange fees and I have accounts to hold the different currencies to exchange when I think the rate is good.

    I have been looking to move to one of the following platforms (standard price with multicurrency support):

    - QuickBooks (20£/m)
    - Sage (30£/m)
    - FreeAgent (free with Mettle?)

    Last week I thought I finally had decided on QuickBooks after they confirmed they could handle more than one account and the different currencies but then I found this review showing missing support of corporation tax (what else is missing?!). Best UK small business accounting software 2020 - review guide

    I will then find an accountant to audit my accounts, but which platform is the best?

    If any of you have any advice, I would love to hear it.

    #2
    Mettle account with freeagent
    merely at clientco for the entertainment

    Comment


      #3
      FreeAgent works great with Transferwise Borderless for receiving/holding foreign currency.

      Comment


        #4
        Originally posted by eek View Post
        Mettle account with freeagent
        Unless it's changed very recently, Mettle cannot work with overseas currencies.
        Public Service Posting by the BBC - Bloggs Bulls**t Corp.
        Officially CUK certified - Thick as f**k.

        Comment


          #5
          Originally posted by SuperLooper View Post
          FreeAgent works great with Transferwise Borderless for receiving/holding foreign currency.
          Another vote for TW Borderless, it's a very good multi currency option.
          Public Service Posting by the BBC - Bloggs Bulls**t Corp.
          Officially CUK certified - Thick as f**k.

          Comment


            #6
            Originally posted by Fred Bloggs View Post
            Unless it's changed very recently, Mettle cannot work with overseas currencies.
            But it gives you freeagent for free and protection on £85,000 of your car monies money.

            Given that the OPis using revolut I'm just providing the cheapest options
            merely at clientco for the entertainment

            Comment


              #7
              Originally posted by eek View Post
              But it gives you freeagent for free and protection on £85,000 of your car monies money.

              Given that the OPis using revolut I'm just providing the cheapest options
              Yes, you are right on that. Aside from that, I struggled with opening a Mettle account because I simply couldn't pass their security screening. I have no idea why. Whatever I sent was never enough for them even though it was exactly what they asked for. I gave up in the end. I hope others have better luck opening an account there.
              Public Service Posting by the BBC - Bloggs Bulls**t Corp.
              Officially CUK certified - Thick as f**k.

              Comment

              Working...
              X