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Post Info TOPIC: Charity Accounts


Senior Member

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Charity Accounts


Hi

Does anyone know of any cheap!! software specifically for charity accounts that can deal with fund accounting.  I have 2 small charities one incorporated and one not (also one paying and one not!)

I have had a look at Sorpaid as an add on to VT Final accounts but I didn't fancy another £150 a year.  I have also looked at just inputting the figures on to the template with the Charities Commission but the report looked really unprofessional. 

I'm really surprised that VT don't offer it.  Any suggestions would be welcome

Thanks



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Master Book-keeper

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Hi Valerie
Can you pass the fees on to them both, I know one pays you no fees but surely you can pass on an incurred fee - £75 per isnt much to pay if they dont like the CC ones?

Or look at
Taxcalc
BTC
Keytime
SAPA


Otherwise you are looking at Caseware or Iris (expensive).

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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position



Master Book-keeper

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Out of interest - what do you use for MTD?



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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position



Senior Member

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Well a big massive thank you Joanne.

I already have taxfiler but I've never used it for accounts production and had no idea it could handle charities.
I just had to have a little check. Shows you need to check what you already have!!

I use VT for MTD but I only have one client who currently has to comply.

Thank you, that's my afternoon sorted
Enjoy the rest of the day


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Senior Member

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no Sadly my excitement was short lived. 

Taxfiler don't currently do charity accounts 



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Master Book-keeper

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Ahhh no, sorry to disappoint, it was Taxcalc I listed rather than Taxfiler.

Reason I asked about MTD was thinking you might say VT....so why not stick with them as you will need to pay for the VT module anyway (unless you were on the hunt for other software), but now essentially you can spread the cost between 3?

__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position



Master Book-keeper

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Hi Joanne

It's the Sorpaid add on to VT Accounts, an extra £150, that Valerie was reluctant to pay for.  I've had a scout round but I can't find anything that comes near.  The only other one anywhere close was Liberty Accounts, but that is £12.95 monthly per charity (providing t/o under £250k), so would be more than double the cost.



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John 

 

 

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Master Book-keeper

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Oops, yes sorry forgot to factor in Sorpaid. Thanks John. I guess VT/3 + sorpaid/2 or naff reports. Its not great is it.


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 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position



Master Book-keeper

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Nope, but either the charities pay or Valerie uses the Charity Commission website imo, they can't have it both ways.

Depending on the charities of course, I can't see such a cost making that much of a dent in their activities.



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John 

 

 

 Any advice given is for general guidance and professional advice should be sought applicable to your circumstances.



Senior Member

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Date:

Thanks John and Joanne

I see now Joanne that you listed Taxcalc, my excited self read Taxfiler (must get out more!).

I'm going to have another play with the charities commission template as lots of people seem to use it so I'm maybe just being fussy. Failing that, I'll stop being tight and get the Sorpaid add on. Thinking about it, I do have a couple of CASCs which I could also use it for and I do seem to have a knack of picking up charities.

Have a great day everyone, the sun is finally shining here but my day will be cut short as one of my children's schools just called to say youngest has an ear infection. Bad mummy! I did ask her this morning if she was well enough to go to school. Kids !!!




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Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.



Master Book-keeper

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biggrinbiggrin  Yes, sorry to poil your fun day!

 

Fabulous weather  - 2 days of sun.  Why oh why do children have to spoil your fun, so inconsiderate to be ill?!!!

 



__________________

 Joanne 

Winner of Bookkeeper of the Year 2015, 2016 & 2017 

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position



Senior Member

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Posts: 329
Date:

Hi All
Just to update on this, in case someone else finds themselves needing similar. I did go down the Sorpaid (VT add in) route. Very thorough system which produces exactly what's needed and very professional reports. It is however extremely time consuming. I did speak on the phone to the gentleman who created it and he warned that the first time I used it to be prepared to take a long while (it really did!)
I'm sure future use will be quicker.

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Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.

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