Member Since: 26th Oct 2011
30th Nov 2021
I had a client try to use this but the reports seemed to not give the right gains, due to the way it accounted for transfers between wallets/exchanges (I.e treating non-disposals as disposals).
There were some videos on how to manually fix these issues, but with hundreds of transactions it didn't seem practical. Would be interested if others with multiple wallets and exchanges have managed to make it work OK!
5th Nov 2021
You need to work out how to post daily or monthly batches instead in Xero. If that is automated, it is still MTD compliant I believe.
I wouldn't even use the PayPal feed in Xero if it was >100 transactions per month...
18th Oct 2021
Cloud2Me have hosted TaxCalc, Brightpay and more for me for 5+ years and I would definitely recommend them.
Support is decent, pretty quick response time and good value too.
11th Oct 2021
From experience taking over clients from larger firms, a lot seem to just put in an estimate without doing any work (mostly without corresponding entries in the SATR!), so there may not be any workings.
£6k seems a lot I reckon
21st Sep 2021
14th Sep 2021
I imagine it will be painfully slow to make SATR entries compared to using TaxCalc (waiting for next page to load etc). I will take a look though.
Xero is great for getting data automatically from third parties (e.g. Dext, banks etc) but when it comes to using it for manual data entry (e.g. interest, dividends, royalties) I don't think it will work well.
14th Jul 2021
I would go for option 2
10th Sep 2020
Get client to ask the old accountants to do it if they have already paid for that service!
10th Sep 2020
Veriphy is good value for this purpose
1st Sep 2020
I get clients to log the bill with a reference easily identified (e.g. 'PRO FORMA'), then review periodically to request/add in the replacements (at least once per qu.)
P&L / BS then still look OK while the final document is not yet logged.