MONEYSOFT - EARLIER YEAR UPDATE

MONEYSOFT - EARLIER YEAR UPDATE

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Hi there,

We use Moneysoft for our payroll and are really happy with most things about it.

However I understand that it will not allow filing of EYU's.

Does anyone have any recommendations for software that is simple to use like Moneysoft but which allows EYU's?

thanks

Replies (17)

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RLI
By lionofludesch
18th Apr 2014 10:51

Bit of a Worry

You're considering changing your software so that you can do earlier year updates ?

The problem's not in the software, is it ?

Thanks (1)
Replying to Manchester_man:
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By dnicholson
18th Apr 2014 11:55

Corrections

lionofludesch wrote:

You're considering changing your software so that you can do earlier year updates ?

The problem's not in the software, is it ?

Well after 19th April you can't submit FPS's for last year, so you'll be fine as long as you never have any corrections.

Thanks (1)
Replying to Manchester_man:
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By Ned Ludd
18th Apr 2014 12:58

thanks

lionofludesch wrote:

You're considering changing your software so that you can do earlier year updates ?

The problem's not in the software, is it ?

No the problem is me. Me wanting to actually help clients who admittedly haven't kept there house order.

It must be lovely to have a full clients list where every single one does everything you ask of them but in reality there's always problem cases.

 

So............ after the 19th I will have a couple where I have to file an EYU, hence the question.

Can you recommend anyone???

 

 

 

 

 

 

 

 

 

 

 

 

Thanks (3)
Replying to Manchester_man:
Haider Ali
By hyderaly
02nd May 2014 13:08

Real-time HMRC

The helpful comments on AW never fail to amuse me.

Anyway... Basic PAYE tool will do the job for you. If you are looking for alternative software, Sage can do Earlier Year Updates but it is different price bracket altogether. 

What I really wanted to add, based on a phone call to HMRC today, is that HMRC are finally going real time as welll. We called them today to setup a PAYE scheme and were surprised on being issued a PAYE reference at the end of the phone call. 

Thanks (1)
RLI
By lionofludesch
18th Apr 2014 14:44

Fair comment

But I still think a review in March might be better than habitually sending in corrections after 5th April.

Thanks (0)
Replying to winton50:
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By Ned Ludd
18th Apr 2014 17:24

AGREE

lionofludesch wrote:

But I still think a review in March might be better than habitually sending in corrections after 5th April.

 

cant disagree with that!!

 

 

 

 

Thanks (0)
By coops456
18th Apr 2014 18:25

BPT

In the (hopefully unlikely) event of having to file EYU, we plan on using HMRC's own Basic PAYE Tools.

Don't see the need to dump Moneysoft for that sort of rare event.

Thanks (1)
Replying to DJKL:
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By andy.partridge
19th Jun 2014 12:05

Not so rare

coops456 wrote:

In the (hopefully unlikely) event of having to file EYU, we plan on using HMRC's own Basic PAYE Tools.

Don't see the need to dump Moneysoft for that sort of rare event.

I have had 4 enquiries in the past couple of weeks, all of them requiring EYUs. All are clients, but only one is a payroll client. The others preferred to go DIY because it was so easy (ahem!).

I think Moneysoft is being let off the hook too easily. Imagine if you couldn't file a CT600 12 months and 1 day after the year-end or an SATR after 1st February. You might reasonably think that your tax software was too restrictive, aside from the fact that you risk both being unable to help your own clients without disproportionate hassle or easily accept new ones for the same reason. It reflects poorly on the practice if competitors use other software that has that capability.

Anyway, has any Moneysoft payroll user gone down the route of filing an EYU via HMRC Tools? I would be very interested to hear their experience. I am looking at it and finding it a big headache.

Thanks (0)
By Wieslaw
19th Apr 2014 07:26

Agreed

BPT is what we will do if such an event occurs.

Thanks (0)
Nichola Ross Martin
By Nichola Ross Martin
29th Apr 2014 18:06

Rare event - client starts business in week 51

Weekly payroll - client did not want to wait until 6 April for economic reasons.

HMRC does not send auth code until 25/4/14, so now unable to file the last 2 weeks of 2013/14 and also unable to use HMRC PAYE tools as Moneysoft suggests because more than 10 employers.

Oh joy of joys. Of course did not anticipate that it would take HMRC so long to set up a PAYE scheme and only then did not realise that Moneysoft do not do EYU. Who pays to re-enter all details? What a total shambles.

Thanks (0)
Nichola Ross Martin
By Nichola Ross Martin
02nd May 2014 13:29

Good old telephones!

So much for "digital by default" then! Ha ha.

Thanks (0)
By Wieslaw
02nd May 2014 13:30

Really?

HMRC will set up a new scheme by phone and advise you the reference there and then? That would be unbelievable...

Thanks (1)
Replying to Accounting4Life:
Haider Ali
By hyderaly
02nd May 2014 14:00

real time HMRC

Wieslaw wrote:

HMRC will set up a new scheme by phone and advise you the reference there and then? That would be unbelievable...

As I said, I was as surprised as anyone else...

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By Wieslaw
02nd May 2014 14:56

Sadly did not work for me...

Just rang HMRC to open a new scheme as was excited about the above prospect of real time references, and was told NO! we do not issue references by telephone... back to the drawing board or at least filling in the form online. You must have got lucky or was it dopey as the HMRC operative.

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Nichola Ross Martin
By Nichola Ross Martin
07th May 2014 09:58

It didn't work for me either.

 maybe they changed their policy - back to slow online!

Today we have intermittent broadband too and since installing PC tools my PC doesn't print...omg I am going have to system restore and have to start again. I am definitely considering leaving the UK, the combination of penalties and poor broadband - make this is no place to run an online business.

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By Wieslaw
19th Jun 2014 12:19

Yes we used BPT

We use Moneysoft for about 900 clients, and for 13-14 we have only had to perform 5 off EYU's using BPT (which actually is very easy) and this was because they registered with us in May & June for schemes that had to be backdated to 13-14.

We do however have a robust system in place for making sure our clients get it right by tax year end... at least. Yes we have to make corrections to RTI, but once we get to year end they would have been told every month, get it right or get a penalty.

Can honestly say not having EYU on Moneysoft has not made any difference.

Thanks (0)
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By DMGbus
19th Jun 2014 13:33

EYU using basic tools

I've used HMRC basic tools to deal with Earlier Year Updates with regard to two payroll softwares having been used for 2013/14:

Where client had used basic toolsWhere Pegasus Operas had been used

All seems to have run smoothly in these cases.

Based on my limited experience I see no reason to suspect that there'd be a problem using basic tools to submit an EYU with any particular software having previously been used.

Regarding Moneysoft (or any other software) lacking the EYU facility this can be a little inconvenient and time-consuming (ie. re-input employee details into basic tools).

More serious an issue will be in a couple of years time when some of us have employers within Automatic Enrolment and we find that our/their software is non-compliant with AE, that really will be a nightmare.  When considering any payroll software change consideration of AE compatability seems to me to be a must.

As it happens I am aware that two particular softwares are allegedly currently compliant with AE, but in both instances erroneous / misleading / incomplete reports are apparantly being produced causing a load of grief for all concerned.

 

Thanks (0)