Another vote for VT Transaction+. Take the 'poor' spreadsheet and enter the figures into VT and you'll have the accounts done for the year end as well. Their software will have a MTD compatible link by July they have said.
Still the best desktop bookkeeping software.
Glad to hear today that Sage has backed down and agreed to allow the cancellation so just used Movemybooks to create the client's new account in Xero with the last two years' transactions migrated.
Thanks for all your comments.
Take a look at https://mybookkeepingbusiness.co.uk. We have start-up and coaching plans for people who want to start a bookkeeping business. We don't teach bookkeeping - we assume you know that - but everything else you need to set up and run a successful business including all the compliance headaches, marketing and pricing your services. Good luck.
VT Transaction+ is the ideal solution for this. Inexpensive, easy to use and with an MTD link for filing VAT returns.
Take another example. An investor takes advantage of insider information and makes a gain on trading shares in the company. Is this reportable for AML purposes?
That is not what the questioner said. The purpose of the AML report is to comply with the law - isn't that what they are for or can we choose which ones to comply with now?
Agreed. If you act as his Agent you should advise him that you will have to bring this to the attention of HMRC.
As the paying of a dividend except out of reserves is illegal you should report this to the relevant authorities which will include an AML report. Not doing so will put you at risk if you have a practice review by your supervising body.
AAT is a better choice to start and then think of becoming a virtual bookkeeper. Look at Accountancy Learning for training and My Bookkeeping Business for becoming a bookkeeper.