I’m looking for up to date info comparing online accounting options to replace an antiquated installation of MYOB.

So far, I’ve evaluated QuickBooks Online, which is nicely configurable, and FreeAgent, which is clear and simple.

Does anyone have any recommendations other than the options already mentioned on this page?

1) Expenses and Car Mileage Claims – I can not only enter miles per person per trip and let FreeAgent figure out the rest (even shows the 40p per mile out of Corporate Tax and adds the VAT to my VAT return only if I have the receipt, brilliant!), I can see reports on who in the company expensed what and even see things like mileage per project. Expense handling is very clunky in KashFlow by comparison.

2) Receipt attachment – I don’t want to write a reference code on each receipt and file it in folders, why doesn’t anyone else let you upload the receipt and throw it away? – FreeAgent does.

3) Managing bank transactions – I import all transactions, then I get a list of anything “unexplained” and I can then do things like – hmm, mcdonalds, right that would be dividends to me as I forgot my personal card so used the business one – or that was a part purchased for project b – and FreeAgent has up to date categories so it figures out how much if any of the item you can claim back from VAT and corporation tax – while giving you manual override if needed! – Again, years ahead of KashFlow – how exactly do I tell cashflow that a transaction is a Benefit in Kind for a specific employee without creating multiple transaction types per employee/director?

4) Built in support for dividends – sure I can create a separate account for every share holder, but built in dividends support is great especially when I can select a transaction, then set type: Payment Made To User -> Shareholder Name -> Dividends/Expense Payment/Benefit in Kind, etc – the categories change depending on type and where relevant, the shareholder names show up.

5) I really like the flow of FreeAgent – everything is so beautiful and easy and explained to you. I click on the Taxes tab and it shows Self Assessment, Corporation Tax, PAYE & NI, VAT all right there with due dates and values.

I’m still evaluating packages so I may not end up with FreeAgent, but can you go into more detail about your problem reconciling bank accounts? — What kind of bank do you have that won’t let you export data in CSV format!? – No problem with HSBC and Barclays here… (Have to use business internet banking in barclays though).

This is Online Accounting software with an API, give it a go as it also has a 30 day free trial.

It seems as if all of these packages combined offer the features you require, and not an all in one solution.

http://www.ubikwiti.com/