Woolless
Member
- Location
- Berwickshire, Scottish Borders
Yes we were under the turnover threshold for doing it earlier. Good news that the first digital return isn't until June.
What do you get for £20/month in the group?
Making Tax Digital
- Thread starter Woolless
- Start date
What do you get for £20/month in the group?
Exfarmer
Member
- Location
- Bury St Edmunds
I believe you get full function , but no payroll , employees expenses. Dext is another £20 a month
Speak to your accountant and possibly any friend who uses it.
Do not be afraid to link it to your bank account ( s ) , it immediately recognises so much
It does take a bit of thinking through and your accountant should help you there.
- Location
- Darlington
£20 a month 
ferkin ell, accountant £40 odd a month as well, WHERE is all this money supposed to come from?
ferkin ell, accountant £40 odd a month as well, WHERE is all this money supposed to come from?
- Location
- Darlington
Anyway, how do I /we late comers get it from a paper invoice to something digital, and then what to do with it?
Exfarmer
Member
- Location
- Bury St Edmunds
Take a picture! Best get your suppliers to send their invoises by email. And if you are on here no excuse for not being tech savvie enough
Woolless
Member
- Location
- Berwickshire, Scottish Borders
That's kind of what I was thinking!£20 a month
Exfarmer
Member
- Location
- Bury St Edmunds
Where does the accountants £40 come from?£20 a month
- Location
- Montgomeryshire
£20 a month
Quickbooks costs me £12 a month (which is bad enough imo) and I think the equivalent Xero package is only slightly more. They do cheaper subscriptions for simpler businesses.
There’s no way I would be paying £20/month for a simple Ag business, let alone paying extra for apps to upload your invoices (which you will have to physically check and split anyway, unless they are incredibly simple).
A H N
Member
- Location
- Aberdeenshire
Sage £5 to £6 per month simpler than xero but all you'll need.
- Location
- Montgomeryshire
Yes, they all do a stripped down version for very small businesses. They are all much of a muchness on price, as they are in direct competition and offer much the same thing.
- Location
- Darlington
OOps silly me, not £40, nearer £50, yearly accounts divided by months. I don`t know how that much either, everything in order and on a spreadsheet as well.
So i will have to do my paper vat as normal then pratt about taking pictures of all the invoices as well
Bliddy government.
Won`t have time to farm before long. (is this a gov ploy to get rid of us smalleys.
So i will have to do my paper vat as normal then pratt about taking pictures of all the invoices as well
Bliddy government.
Won`t have time to farm before long. (is this a gov ploy to get rid of us smalleys.
Steevo
Member
- Location
- Gloucestershire
OOps silly me, not £40, nearer £50, yearly accounts divided by months. I don`t know how that much either, everything in order and on a spreadsheet as well.
So i will have to do my paper vat as normal then pratt about taking pictures of all the invoices as well
Bliddy government.
Won`t have time to farm before long. (is this a gov ploy to get rid of us smalleys.
Xero can be as simple or complicated as you want to make it. Over 90% of my transactions are repeats…grain sales, spray, fert, repairs, water, electric, rent etc often using similar suppliers. All my Screwfix purchases are automatically allocated to repairs for example. Same with E.On for electric. WaterPlus for water. Jewson for hire. etc etc.
All I do when they show up on the statement is click ”OK” to approve it then add a photo of the invoice. 20 seconds at most. It’s so quick and simple mainly because I almost never buy goods from a supplier that fall into more than one category. Thus the computer automatically knows what’s what. No typing required. All on basic Xero package for £9 a month.
Exfarmer
Member
- Location
- Bury St Edmunds
Get your suppliers to send your invoices by email, then you will be able to just shift them across. I still print mine though as wellOOps silly me, not £40, nearer £50, yearly accounts divided by months. I don`t know how that much either, everything in order and on a spreadsheet as well.
So i will have to do my paper vat as normal then pratt about taking pictures of all the invoices as well
Bliddy government.
Won`t have time to farm before long. (is this a gov ploy to get rid of us smalleys.
pgk
Member
- Location
- south warwickshire
Anyone use border software, have used their accountancy package for years and wonder whether this will cope with MTD when I am forced down that route.
- Location
- Lincolnshire
Been on quick books for a couple of years. It’s OK but you can spend a lot of time trying to reconcile the bank account when really it’s a piffling problem that has no bearing on anything of consequence. For example, HMRC paid us two months refund in one payment. The system had a bit on of a meltdown over that and so did my brain as I tried to Wade through the bowels of the system to sort it out. So that’s a job for the nice lady at the accountants. Cash sales are pretty laborious to deal with as well and we have never found a quick solution to inputting the data from the farm buying group mega invoice that can contain maybe 300 items from a dozen different suppliers. Contra accounts a bit clunky as well, having to remember to split the entry, change VAT to purchase instead of sales and put the amount in as a negative figure so “frigging” the system into getting it right rather than it being intuitive.
If I was more disciplined and not so lazy I think my excel spreadsheet would have sufficed really along with bridging software.
Overall though quick books isn’t bad as bog standard cloud based software. You have the data back up for one thing. It does s reasonable job considering it has to be all things to many different businesses. Reasonably satisfied with it but not blown away and think it could screw up mightily if you weren’t fairy accounts savvy. Struggle to believe a painter and decorator could run his accounts and generate everything he needs to do a tax return all from his phone while hanging wallpaper as you see in the ads.
If I was more disciplined and not so lazy I think my excel spreadsheet would have sufficed really along with bridging software.
Overall though quick books isn’t bad as bog standard cloud based software. You have the data back up for one thing. It does s reasonable job considering it has to be all things to many different businesses. Reasonably satisfied with it but not blown away and think it could screw up mightily if you weren’t fairy accounts savvy. Struggle to believe a painter and decorator could run his accounts and generate everything he needs to do a tax return all from his phone while hanging wallpaper as you see in the ads.
- Location
- Darlington
Well as a trial I tried to save some of my invoices to the cloud, but they all came fluttering back down to the ground.
- Location
- SW Scotland
I just use Vitaltax bridging software and carry on as before with Excel. It was recommended by my accountant.
It was free for the first year and £12/year (not month) thereafter)
It was free for the first year and £12/year (not month) thereafter)
Goweresque
Member
- Location
- North Wilts
I use Cirrostratus Exedra (now called VAT Direct):
Allows you to upload the correct files (from your spreadsheet system) to HMRC yourself using their API. And the basic service is free..........
VAT Direct - Free Making Tax Digital bridging system and cloud cashbooks for smaller businesses
VAT direct offer a free service for submitting vat returns for making tax digital
www.vat.direct
Allows you to upload the correct files (from your spreadsheet system) to HMRC yourself using their API. And the basic service is free..........
Just in case you wanted to see Xero in action, we are offering a free online workshop for beginners next Monday evening. Could be helpful - https://adas.co.uk/events/xero-cloud-accounting-free-workshops/
We're also running a more advanced workshop later in the week.