I have previously worked in practice and am used to all the usual software, however have recently moved into industry and work for a company whose accounts are filed by their auditor. On the side I run a small (micro) limited company with a friend. I have always prepared the accounts myself and (with permission and in my own time) used the software at work to prepare ixbrl accounts and file them, however this is no longer possible due to no longer working there. Obviously I could approach local firms or my old firm to see if I could pay a small fee for a filing only service, however I am wondering if there is any cheap software that I can buy so I can just continue to do it myself? I am aware that HMRC do have some sort of free option however I have heard it's not great. Any recommendations with rough pricing would be gratefully received!
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Leaving aside ixbrl for a moment, what software are you using to prepare the accounts per se? It would be a surprise if that software did not have an option to produce ixbrl versions at the click of a mouse.
Then if you want to carry on preparing the accounts in Excel and / or Word without using any software you will indeed need a filing only solution.
Yes, you need an accounts preparation package, not a bookkeeping package.
VT accounts is an Excel based accounts preparation package, with, like all packages now I am sure, the facility to produce full and filleted accounts in ixbrl. I would google it and check out the price.
If the company is as small as you say, and you are a director etc, why would you not choose to use the co house one - assuming you are preparing micro accounts etc.
HMRC filing allows both (for your own company only)
I tested it with my own accounts when it was first launched.
Cannot recall fully as I didnt go the whole hog. In part because it was the very early days and there was an error on their system that despite wrangling backwards and forwards with their technical team never got sorted before I threw in the towel and just used the software I use for clients. That was ages ago.
Seem to remember it actually produces full accounts as well as filleted so it should do micro plus all printable from memory. Worth having a read up on their site.
You can file the accounts and CT600 using the CH or HMRC own login, I don’t know which. As an accountant you will be fine, I understand it does it in a weird order so is not logical to us.
VT is great bookkeeping software. I don’t know how you would file to CH as you need a presenter id and you also would need separate software to file the CT600, but you can prepare the iBRXl accounts in VT.
Also look at Andica for one off CT600 filing.
Hi - filing directly onto Companies House seems like a good option for you. I use Taxfiler for my accounts prep and filing but you do have to be an agent to use it.
If you use Xero, they have just launched their (very basic) year end offering, but it is free at the moment.