Im meeting a potential new client on Monday who, whilst small, has a quite complicated, bespoke, income software system. This isnt adaptable to be a full accounting system.
He currently uses a manual system for expense recording and bank reconciliation. VAT outputs are taken from the bespoke system quarterly report.
He is looking at Xero for his full accounting system, quite how we will get the income recorded without retyping, I dont know, thats one of my concerns
The second is timing. His year end is 30th June. It makes perfect sense to bring this Xero system in from 1st July. Will that plan be considered as making progress towards MTD?
Does anyone even know?
He is 75 so I could request an exemption to be used for one quarter! Although he is fully up for it actually, so long as the changeover is practical and doesn't shaft the time he needs to spend on actually making money.