Accounting software

[AnthonyC]

Okay.

Met with intuit’s (quickbooks) marketing people yesterday. I believe they have the most affordable software-as-a-service-solution for Singapores smes.

The online version is a big cut down from the Pro desktop version, but I think it will improve over time. Entry fee is a low S$10 per month, with singtel billing, and it does in and out accounting perfectly.

What I really like is the 365 day tech support, training modules and forums. Its well supported, so as a business application, its nice when you can jump into a live chat when you hit a wall.

If you’re like me and have used QuickBooks before, the interface is similar which is a nice touch.

No payroll or inventory at the moment - that's the biggest draw backs - its coming. They tell me though payroll can be massaged in via a data-in function. Next week I’m going to watch a demo and see what kind of limitations i'm in for. For services businesses, payroll is one of the highest fixed costs per month, so good payroll administration is important.

I’m planning to try out their product.

edited by moderator to eliminate the obvious solicitation. You are treading on thin ice.....

[ecureilx]

Okay.

Met with intuit’s (quickbooks) marketing people yesterday. I believe they have the most affordable software-as-a-service-solution for Singapores smes.

You are starting to sound like Macdonalds and KFC promoting meals .. where, a 7 $ meal is cheaper than say a 2 piece chicken at 5$ ...

How is a monthly subscription plan cheaper than a one time payment of 600 $ ??

[ScoobyDoes]

At the time I was doing the investigations, Quickbooks were a non-starter as they were not localized for Singapore. Are they now? Statutory reports, GST matters and such?

My ex-company used it and I never heard of any issues. It has also been approved by IRAS so I would say yes, now it is localised.

The only reason we didn't go for it in the new company was Serial Number Tracking. The US/EU versions are able to add modules from third party writers, some free some at costs, and there is one add-on that can do this Serial Number Tracking. I called the local office and was told they don't 'do' add-ons meaning it would be quite a risk to buy the software then just add 'stuff' written overseas.

[jackdi]

Im with a company who's using QuickBooks too... heard of no issues so far. And I believe it can accommodate 50 companies or more in its database.

[ukdesigner]

I use freeagent. Whilst it does have some limitations we're not GST registered so don't have that hassle.

One major thing that seems to be missing and which they still won't address is statement of accounts for 'just' outstanding invoices. This can be quite a big deal for some people, me being one of them.

Overall though it's pretty good. As someone who has clients who do regular types of jobs I'm able to produce lists which cuts a huge amount of time off invoicing.

Quickbooks, when I looked at it last year, wasn't well received. It had a long way to go. However my book-keeper is a Quickbooks person through and through and she swears by it. She uses the online one so it's probably evolved since I last took a look at it.

One thing people forget is that a subscription type software means that you technically don't pay for upgrades as it's built into the monthly on-going price. I like this feature. With the accessibility of 24/7 support, 24/7 anywhere access for me is a deal breaker. One other advantage is that I can take the work home and not have to copy files back and forth. It also means that I don't have to pay a lump sum for new software and/or features but pay gradually. Personally that's better on the cashflow.

As time goes on I will look again at the full features as to be honest I hate paperwork and accounting stuff gives me a headache and I only wanted basic input, output and reporting information.

[solubytes]

i feel so left out when i read on this.

Our account dept still using excel

[colin44]

i heard Book Keeper is not bad

[ecureilx]

Is there a version of Quickbooks for Singapore that is not online? Like Quickbooks Pro, for example? I'm *not* fond of relying on online applications for something as important as my accounts.

Yessssssssssssss.. there is .. and so is a free version limited to 20 accounts so you can try ...

I been using QB Accounts, for my friend's bar business ..

[ScoobyDoes]

Quicken Asia, yes...... they have an office here and local support.

[ecureilx]

Quicken Asia, yes...... they have an office here and local support.

And they stopped selling the Canadian version and now selling the Aussie version ..

Nothing bad, other than you can't import the data ..

[BizEngine]

Thanks for your info. Small as mean suppliers & customer invoices even the petty cash volumn currently is less than 20 pcs each. Anyone got info or contact or website for retailers of MYOB & Quickbook which is cheaper or reasonable price?

I am not sure whether by this time, you've already got your solution.

This is what I think:

Take MYOB, only if you have only one office and for 2-5 users. Purchase Orders, Invoicing functions are already in the package.

There maybe setup and customisation fee on your required form by MYOB professionals. Actually you should be able to find these professionals with their names listed on MYOB site. They are required to take exams set by MYOB and to pass it, I think yearly. They are a safer bet, should be more ex than those salesman on the street.

Please note that MYOB is still very much a desktop application. And you'll experience problem with 64bits OS setup and can only use lan and not wireless. Some limitations: 1. there is no auto generation of customer id, you can only manually assign it. 2. cannot perform other functions other than money related. eg checking customer's visitations is a no no.

There are many support with MYOB.

[kevin_al]

Quickbooks online is my 1st choice; MYOB is the 2nd one.

Hi all, may i know which accounting software is suitable for small marine company?
Thanks.

[AnthonyC]

Quickbooks online is my 1st choice; MYOB is the 2nd one.

We have been using QuickBooks Online for some time. Its been pretty good. We just started using Xero as well which works better for stock control and ecommerce businesses.

MYOB announced in 2010 they were adding a cloud computing solution, but I have not used it so i'm not sure how good it is.

[AnthonyC]

Quickbooks online is my 1st choice; MYOB is the 2nd one.

Hi all, may i know which accounting software is suitable for small marine company?
Thanks.

Looks like MYOB have made a move into Singapore. Not sure how long they have been here, but like QuickBooks Online (which teamed up with SingTel), MYOB have a cloud computing solution with StarHub.

Like QuickBooks, it appears to have passed IRAS. Quote: 'StarHub Accounting Soution, powered by MYOB, is an approved business IT application tapping on the latest cloud computing technology. Designed with an IRAS Audit File function, allows you to generate advanced reports so that you can file your business tax reports with ease.'

Here's the link i found: http://www.starhub.com/business/interne ... ution.html

We have not used it.

[ecureilx]

Looks like MYOB have made a move into Singapore. ...

errr . how about they been here for atleast 10 years or so ??