No. From the entry on the bank statement, select find and match, to check off the 9 invoices paid. Then select, from the same screen, create new transaction and prepare a receive money transaction as above. The whole lot are reconciled in one.
I only use overpayment where the money is going to be repaid to the customer. If it's going to be held and set off against other invoices I will use the prepayment option, which will correctly account for VAT. Or you could simply allocate the overpayment as part payment of another invoice.
Have you looked at their filed accounts. They've had negative debtors for the last two years, whatever those may be.
Their major asset (97% of shareholders funds) is an unamortized intangible fixed asset for software which according to the accounting policy must have an infinite economic life. The 2017 accounts said amortized over 20 years. Total amortization at March 2018 = nil
I did look at the software last year, but had my doubts.
You might also want to look at the date of issue, bearing in mind that HMRC have a limited window to repair a return
The facility to enter income details and carry out 2019 calculations has been on Taxfiler for some weeks. It matters not if you can't prepare the return as you can't submit it anyway.
Not free but we've used Doc-safe, which is a different company from Mydocsafe, for ten years or so with no complaints. Always very quick to respond to (rare) queries and good to deal with.
We use Taxcalc for accounts prep, having switched last year, but I think that there are issues with over-disclosure in the company accounts. We now end up transferring lots of headings to "other creditors" before going to press otherwise there will be separate lines in the notice for corporation tax, VAT, directors loans and a number of other things that don't need to be shown separately. I also don't like the use of effectively a single directors loan account (with each transaction flagged with the relevant name) Have a good look at it before you commit
It's unfair to call them "numptys." They will be ordinary folk trying to do a job, but they will be restricted to what they see on the screen in front of them, and hampered by lack of training.
They are "customer" service people, not tax officers.
[Sure there will be some who get a bit arsey but that's true of any group, and we don't know what abuse they have to put up with for something beyond their control]
Except there will be four of them, one with its fingers up . . .
Well, you work it out.
We have separate logins for those staff that need them, and their access to client records is tailored to what they need. EG no need for a person using PAYE to see the CT records.
Time to administer is trivial and basically involves giving access to new clients as they are added. As I have to do that for myself, it must take me about half a second longer to add a second user.
Never occurred to me to let everybody use the same login. Still hasn't.
It doesn't. The personal representative files the return to the date of death using the client's UTR. The client will disappear from your client list and you have to get fresh authorisation from the Executors.
There will only be a new UTR issued to the estate if it needs to make a return of income in the period of administration. In most cases that isn't needed
The ICAEW rules say that you have to distribute interest if it's material.
Why don't you call the ACCA and find out - or read their guidance.