From: Peter Saxton 
Newsgroups: uk.legal uk.finance
Subject: Re: Can VAT registration mean less profit?
Date: Fri, 18 Jul 2003 18:02:55 +0100

On 18 Jul 2003 00:42:04 -0700, troysteadman@yahoo.co.uk (Troy
Steadman) wrote:

>Peter Saxton  wrote in message news:...
>> 
>> By the way, do you think QuickBooks isn't a good choice for a small
>> trader? If you don't can you explain why? Or were you just teasing?
>
>Teasing. When Quickbooks first came out we had a long look at it and
>were impressed with its ease of use but disturbed that it didn't seem
>to use double-entry, the flip-side of each posting going straight to
>Reserves.
>
>I am sure all that has been sorted out and I will take your word for
>it that is is good. I don't like TAS or Sage anyway.

I don't recognise postings going straight to reserves - except the
silly way it lets you give up on a bank reconciliation but still use
the closing bank statement figure.

All of the accounts packages have problems and all of them update
their programs but concentrate on cosmetic improvements at the expense
of correcting problems.

Data input can be fast in QuickBooks as long as you consider what
"names" and nominal ledger accounts you use in your system and are not
seduced by the prompts it gives.


Peter Saxton from London
peter@petersaxton.co.uk