Hi guys, I’ve been eyeing your product for a few months, but as our co-founder in charge of finance left us, I am now in charge so I want to move to Bullet, but want to know a few things
Thanks for getting in touch. I’ll answer your Q’s now.
Xero – how is bullet better considering we are an Irish company?
So we’re about the same spec as Xero for service based Business. The key difference is we’ve built this layer of software on top of the traditional accounting product (Xero), that layer of software understands the accounting rules so you don’t have to. It also means there will also mean once you follow Bullets workflows you won’t make a mistake.
As for “Irishness”, I’ve attached a pdf that explains it in detail. Basically you’ll get payroll and you’ll get all your mid year tax returns automated.
Does it connect with AIB at all?
Yep, you can import any bank account into Bullet. You can see it in actionhere.
Do you think we can drop our accountant if we use your product? Considering it includes majority of functions, deadlines, etc.?
You’ll still need your accountant for your end of year. But, I’m sure if they’re not doing your vat return and payroll then they’ve reduced their hours and therefore you fees.
Also, do you do any free demos of the product, just to understand it better from the getgo?
Bullet is free you can just delete your information when you want to start using it. You also get instant support like this and not to mention our library of answers like the one I just linked to above. You can find them onhttps://www.bullethq.com/community/question/
Also adding I myself am a graduate of economics/business, so I am not a pro, but have a feel for finance so using your product might be easier for me 🙂
Like I mentioned it’s all workflow based. So you get the power of Xero but with the ease of use of Mailchimp.
We generally give people converting over the following advice:
Run a Trial Balance on your existing accounting software.
1) Enter all your currently outstanding invoices and bills into bullet (only the ones with payment due – not the paid ones).
2) Take a look at the Trial Balance on Bullet.
3) Figure out the difference between the original trial balance you got from your old software and the trial balance in Bullet.
4) Enter these differences as a big manual journal entry.
After the above, your trial balance on Bullet should be the same as on your old software, and you’re all ready to go.
Hope that helps Lina.