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Post Info TOPIC: Help choosing a payroll software


Newbie

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Help choosing a payroll software


Hi everyone!†

I currently work for a large company doing in house payroll, I am qualified in payroll and bookkeeping up to level 4 But the money isnt great so I am looking into working for myself in my spare time in hope to eventually be fully self employed eventually.†

I have 3 clients already for bookkeeping but they now wish to add on payroll services. I am looking for help with how to choose a payroll service.†

I currently use payroo in my full time work but I need a software that will allow me to log in and do payroll for different companies rather than setting up each company as an employer.†

any advice/guidance would be greatly appreciated†



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Charlotte


Guru

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Hi Charlotte and welcome to the forum

Have a look at Moneysoft, great bit of kit at a very cheap annual cost

Just as an aside, and I am sure you are probably aware as you say you already have clients but just in case you need to make sure you have MLR in place.



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice



Newbie

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Hi Artois, I have not actually gone live yet I am just setting up and the clients are just awaiting my day so as meetings all took place over past 2 weeks, Forgive me I am going to seem like a complete novice in the game but MLR? Minimum lending rate? This is the first time I am planning my own things so I am quite out of my depth.

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Charlotte


Guru

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Hi Charlotte

MLR is Money Laundering Regulations, and anyone self-employed offering bookkeeping and accountancy services must be regulated for this , if you are a member of a governing body then you may be able to get regulated through them if not you will have to apply to HMRC to get covered, but it is a legal requirement to have this in place before offering services.



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Doug

These are only my opinions of how I see things and therefore should not be taken as advice



Master Book-keeper

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Hi Charlotte, welcome to the forum.

I swear by Moneysoft Payroll, you can get a one month trial to have a play with it.

Others swear by Brightpay.† Looks a lot more slick and is very good but also expensive if you only have a few clients.

Another to consider is 12pay (now owned by Iris) which I used when I first started 11 years ago.

Definite echo what Doug says about MLR, it's a legal requirement.† However if your turnover is less than 5k a year you can request a £120 rebate once you've paid when doing it through HMRC.



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John†

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



Newbie

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Thank you both so much. As I am just starting out in a field unknown (the having my own business) it was hard to know the dos and donts. I have submitted my application and payment for the MLR and to be honest I wouldnt of known about it without the help of you two. Thanks so much for recommendations and guidance e

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Charlotte


Master Book-keeper

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You're very welcome Charlotte, please stick around and join in the forum.† Lots of helpful people here if you get stuck with anything.



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John†

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



Expert

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Date:

Moneysoft user here for payroll, I can't recommend it enough. Super easy to use and the support is awesome.

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Steve



Newbie

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PayFit is a good solution.

We're a small business, but it has massively helped us the last few months - particularly regarding furloughing some employees.

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BMM


Member

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Spurs1991 wrote:

PayFit is a good solution.

We're a small business, but it has massively helped us the last few months - particularly regarding furloughing some employees.


Not a solution for professional bookkeepers with multiple clients.

Expensive.††

From £49 per month.† † †



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Newbie

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Depends how you look at it :) It's good for us as I can quickly extract all my payroll reports from within the app. Plus my accountant can have their own separate profile too which does help make things easier.†



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BMM


Member

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No, it is about functionality.


How exactly does it fit the OP? It doesn't.

There are much cheaper offerings that do more.†

You are not aiming your comments at the right audience.

£564pa is a rip off



-- Edited by BMM on Friday 18th of September 2020 04:31:19 PM

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Master Book-keeper

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BMM wrote:

£564pa is a rip off


†To be (slightly) fair, it does have HR functionality as well.† For a payroll solution though, I agree it's well overpriced.



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John†

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

BMM


Member

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Date:

Leger wrote:


†it does have HR functionality as well.†


†I knew that. †



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Veteran Member

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I have found that Moneysoft is a great payroll package, really user friendly


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Nicola



Expert

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Posts: 1961
Date:

I use Moneysoft, changed over about 4 years ago from 12Pay.

Really easy to use and very reasonable.


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Amanda

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