On a recent AAT update on MTD, we were told you could no longer simply type in the totals for the end of day till reports for shops. The speaker was insistent that it was now necessary to make a digital link between the till report and the accounting software. He seemed to think it's okay to type in daily till reports, but really really not okay to type in one printout for the VAT quarter. He insisted that any modern till will produce CSV reports - which is probably correct, but the report contains a whole sheet of figures, of which I need just a few lines, sales at zero, sale at standard and total VAT
Since one of the main aims of MTD is to reduce errors, surely it is better to type in one report a quarter than 90 daily reports?? after all, we're typing in all the purchase invoces,
Many of us who do regular book-keeping for shops were very unclear about this, and wonder how you guys intend to get till reports into the accounting software.
Your comments would be much appreciated by a confused bunch of bookkeepers