Software
Accountancy
Dan Hully · Ju-Vern See
Expenses
Tracking expenses on a spreadsheet is only viable up to a point. Here's a list to get you started. · Dan Hully
Reporting
Dan Hully
Banking
Ease of setup, different products, functionality · Sam Wilkinson · Ju-Vern See
Payroll
Dan Hully · Ju-Vern See
Equity Management
Using software will it easier to keep your records up to date and make automatic filings to HMRC and Companies House. · Ju-Vern See · Sarah Pinkham
Software Index:
Group
System
Description
Preference
Xero is a simple but effective finance system
Our preferred system for startups outside of certain conditions (in particular complex groups)
Sage provides a comprehensive but complex suite of tools to manage businesses, including finance and accounting
Too pricey and complex. Lacking some key features on basic packages to be our recommended choice.
Similar offering to Xero in functionality and features - favourite of US companies
A good alternative to SAGE and particularly useful for US companies/ subsidaries
Chaser is an automated chasing system for credit control
Our preferred system for credit control as part of a wider process
Receipt Bank is an invoice management system
Our preferred system for invoice management
Auto Entry is an invoice management system
No longer our recommended choice.
HubDoc is an invoice management system
Not our recommended choice.
Visible.vc
is a simple reporting tool based around monthly cycle
Our preferred system before investment in more complex BI tools
Transferwise has a focus on international payments
Our preferred system for making payments abroad - and now links automatically with Xero.
Paypal has a focus on ease of receiving and making payments
Not our recommended choice for making international payments due to higher transaction fees.
Telleroo makes bulk payment uploads quick, easy and secure
Our recommended choice for making bulk payments easily where these cannot be uploaded directly to your banking system.
UK-centric, with a focus on employee share scheme setup and management.
Our preference if looking to get set up on an EMI scheme and maintaining the scheme.
UK-centric, with a focus on fundraising and legal documentation.
Our preference for UK based business already been through a few rounds of funding which has led to a more complex cap table.
Carta is a US-centric cap management system.
Our preference for US based business already been through a few rounds of funding which has led to a more complex cap table.
UK-centric, with a focus on fundraising and legal documentation.
Our preference for a business with a very simple cap table also looking for support in submitting an SEIS/EIS Advance Assurance.
Xero Expenses is a simple expenses system that has the advantage of living in Xero
Our preferred system for very small businesses
Pleo is expense card and expense system, rolled into one
Our preferred system for giving expense cards to employees (rather than personal expense claims)
Expensify has sophisticated approvals flows and provides expense cards too.
Our preferred system for very businesses with complex approval flows
Receipt bank is easy to use with basic approval flows
Our preferred system for businesses who prefers handing off the autonomy to their employees
Simple but effective payroll system for small businesses
Our preferred system for small business with relatively simple payroll needs - 50 or fewer employees
Payfit is a growing startup themselves
Our preferred software for larger businesses - 50 plus employees
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