Hi, I have always used QuickBooks and Sage desktop accounting software. Now with the HMRC MTD starting soon, I will have to start using a cloud accounting software. I have tried a couple but they seem much slower because of having to create individual sales invoices, then save and approve them. I work from home so invoices have already been created, saved and sent to the customer by my clients. I am really looking for a system that does batch invoicing preferably. Does anyone have any recommendations please?
Thanks
Replies (9)
Please login or register to join the discussion.
MTD doesn't compel you to use cloud software, Quickbooks and Sage Desktop will both work.
"I have always used QuickBooks and Sage desktop accounting software. Now with the HMRC MTD starting soon, I will have to start using a cloud accounting software."
There is no requirement to use cloud. It just has to be digital, with a "link"
You can dump our data into excel and using bridging software if you like
On your actual point, can import invoices into most software certainly into Xero.
That's not the same thing as needing to go into the cloud though, you can just update what you use now.
As has been pointed out, you don't even need to do that if you have Excel, just pick up some bridging software and export your data each quarter into a massive spreadsheet and file from there.
MTD is only the 9 boxes, it is not SAF-T (which can involve reporting invoices to the tax people as is being done in various countries (Poland, Italy etc)).
Hence bridging is a solution that works for 2020 onwards. There is also no obvious reason why things like SAF-T cannot be done through a digital link rather than being hard coded into a cloud system.(Not that I have seen anyone say that the UK should implement SAF-T).
(Not that I have seen anyone say that the UK should implement SAF-T).
We don’t think they should implement MTD or MVD, let alone SAF-T
You can export from QB 2015 into Excel and then use bridging software I believe in order to avoid the subscription costs.
It is my understanding, however, that MTD pretty much compels you to enter individual invoices so better to be producing your invoices from within your software.