welger rp 220
Member
- Location
- Carmarthenshire
Hi all im new to this making tax digital so i wondered are there any free vat compatible software out there to use? What have other fellow TFF members done? Thanks
Making Tax Digital
- Thread starter welger rp 220
- Start date
How have you managed the last 5 months
welger rp 220
Member
- Location
- Carmarthenshire
My last vat quarter i did not need to sign up but for this one i do
Bridging software I use , email spreadsheet to book keeper and he balances it against the bank statements , cost £20 ' year
Other options are available
Making Tax Digital
I have swerved going down the digital route until now, just use a spreadsheet and number the invoices to tie in but I need to bite the bullet now. So can anyone point me in the direction of/give me an idiot's guide? Software recommendations? Will my January VAT return need to be digital or can I...
thefarmingforum.co.uk
- Location
- Bury St Edmunds, Suffolk
I have Quickbooks and can't get on with it
Two quarters now.
What used to be an hour every quarter entering invoices and VAT on purchases and sales in my book and submitting online now is a week of trauma and an accountant checking I've posted it all right and charging for the privilege
It's so called progress but I can't see it myself
Two quarters now.
What used to be an hour every quarter entering invoices and VAT on purchases and sales in my book and submitting online now is a week of trauma and an accountant checking I've posted it all right and charging for the privilege
It's so called progress but I can't see it myself
- Location
- Northumberland
Flatland guy
Member
- Location
- Lincolnshire
I am on quickbooks and signed up in 2019 when our turnover needed to be done via spreadsheet/ computer program, I tried both quickbooks and xero free trial at that stage there was not much between them honestly. Once you get the hang of the program it is quicker, but it will take time (it is just that during that period you will question the sanity of progress/modern technology).
Red Fred
Member
- Location
- Hants/Dorset border
Is anyone using the Freeagent that is tied in to Natwest accounts? I have signed up and it seems to be pretty straightforward although not as obvious as using the old ibok method
Lili
Member
- Location
- Aberystwyth hinterland
Try ANNA. The VAT submission is free. HMRC approved bridging software.
go.anna.money
ANNA — business current account
The perfect business current account for startups, small businesses and sole traders.
Timbo
Member
- Location
- Gods County
Both Quickbooks and Xero have the facility to scan the paper invoice or a phone picture and attach it to the account, or you can attach a pdf of the invoice directly from email. It's so easy.
Xero can also read some invoices so you don't even have to enter the details . (QB might be able to also?)
I attach the original invoice for completeness so the accountant can view it if needed. I then shred it if it was a paper copy...
It's now £26 / month but the speed efficiency and really being able to critique your business enterprises is easily worth the money.
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Suffolk Serf
Member
- Location
- Bury/Thetford
Xero here. Only used it myself a couple of months myself, I found it was pretty easy, but then soon after I got a freelance bookkeeper, who like Xero, to come and sort me out every month.
- Location
- Acton Scott, South Shropshire
I’ve had to do this for mum and dads accounts- I thought it was going to be a nightmare and dreaded it - but, I’m still doing it on paper sheets and have signed up to 123sheets. I was delighted how easy it was. Their accounts just don’t justify signing up to quickbooks which we use for our own accounts
- Location
- Bury St Edmunds, Suffolk
No although I'm told MTD from April 24 will require a posting linking / matching to a bank transaction to be VAT reclaim qualifying
I believe even QB aren't there yet with this
- Location
- Montgomeryshire
Happy enough on QB here, but would have much preferred to have been able to stop on my old 2016 desktop version. Costs £12/month, which I suppose isn’t much in the grand scheme of things, but the old program was a one off cost of £85.
- Location
- South Wales UK
Make Tax Digital Software Poll
What's everyone using or HMRC Forced to use from Aprill 2022. Based on price, easy of use, in and out goings , inputs, outputs and various enterprises and diversification, adaptations , VAT ,year end tax , etc etc etc.
thefarmingforum.co.uk
I asked few questions too
- Location
- South Wales UK