Topic starter
I use Xero for our main business and find it very useful.
However, we also have a much smaller, sole trader business and I can't justify a £30 month subscription.
There are a few cheaper options out there, including one off application purchases and even free options.
Any recommendations for a basic package?
Posted : 19/06/2024 9:41 am
Can't you tag it on your existing Xero subscription?
Pretty sure you can tailor the fees depending on business size and type and also gain discount for multiple businesses?
Posted : 19/06/2024 9:47 am
Topic starter
Don't think so?
I'll have another look.
Posted : 19/06/2024 9:53 am
There's a basic version of Quickbooks Online for <£20. I use it and it's fine - the only thing I wish it did was automatically create monthly invoices (I need to pay almost double to get that feature)
Posted : 19/06/2024 10:05 am
Freeagent is pretty good, I have it for my Ltd co. as part of my accountant's package but I believe it's less than a tenner a month for sole traders or free via some banks (e.g. Natwest, RBS etc)
Posted : 19/06/2024 10:09 am
Don’t think so?
I’ll have another look.
In the main drop down - " + add another organisation"
You can also use the same bank feeds if needed and sync the accounts if needed.
Posted : 19/06/2024 10:12 am
I mean, how small is the sole trader operation if you can't justify £30 a month?
Posted : 19/06/2024 10:17 am
Topic starter
I can add another organisation to Xero but there's no discount.
How small? <£40,000 turnover.
£30 a month is a significant subscription.(To me).
Quickbooks offer a £10 a month subscription for non-vat sole traders. Think I'll try them.
Posted : 19/06/2024 10:20 am
Mettle app has built in basic accountancy functions...?
Posted : 19/06/2024 1:00 pm
QuickBooks is what I used as a sole trader with a fairly small turnover.
Posted : 19/06/2024 1:10 pm
I mean, how small is the sole trader operation if you can’t justify £30 a month?
That is the subscription trick. Its just the price of a cup of coffee or a beer or whatever. You don't need it for just one month and every sub adds up. Before you know it you have a £1000+ heading out of your account. May not be much to some but for some small businesses it's a chunk of the bottom line
I just use an excel spreadsheet, in fact a LibreOffice spreadsheet. Does for my basic accounts. For the tax return I just need the totals but I have a few other columns for my records and to do some analysis should I feel the need
Posted : 19/06/2024 1:52 pm
Topic starter
I have signed up for quickbooks at £10 a month for a sole trader, discounted to £1 for 6 months.
It has only taken me a couple of hours to complete the return info.
Posted : 19/06/2024 1:58 pm
