I’m curious for anyone running a small business, what’s in their toolkit in terms of banking, payment processing etc.
I’m involved in 3 businesses and a charity. In the businesses, they all pretty much use the same set up -
Starling Bank as the current account
Stripe for online card payments
GoCardless for online subscriptions
In one of the businesses, on the very rare occasion we need to take card payment in person, we use Sumup, and we also have a Santander savings account.
I use some of the same services - Starling business account, Stripe and SumUp. I currently use Waveapps for accounting but, since they’ve made it clear they don’t want customers outside the US and Canada, I’m looking to switch that to the Starling Business Toolkit. I have a free 5-year subscription and recently took part in a Google Meet with a couple of the team to give some feedback and ideas.
Interesting on both parts! I did trial the Starling toolkit out of curiosity, but found it quite limiting compared to some other packages. We use QuickFile, which also offers a Starling and Mettle feed.
What was the attraction with Mettle @Johnny? Don’t see many people using these, so would be interesting to get your view on them too.
I didn’t think this was needed, given it’s in the Business Banking category?
I know it handles VAT but I’m not registered, so can’t comment much on this feature. The main thing I want that has stopped me from switching across from Wave is recurring invoices. With Wave, I can set up an invoice and have it automatically sent to the customer every month, quarter, year, etc. I don’t even need to think about it. With the Toolkit, generating invoices is a manual process. I’m hoping this gets added soon.
The combination of Starling and Waveapps works fine for my needs - I had a look at FreeAgent, Xero and Quickbooks but Wave ticked every box (and it’s free). It’s only their recent changes that affect non-US and Canada customers that has me looking elsewhere.