Member Since: 1st Aug 2008
14th Nov 2018
Try using ReceiptBank - or AutoEntry - these are apps that allow the client to photo his invoices and then it will automatically post into QuickBooks. We have used this successfully for over 2 years now and the time saving is enormous. It also pushes the onus back to the client to ensure they have claimed all their receipts. The apps generally work on a smartphone, can be scanned in, dropboxed etc. Most of our clients are more than happy to do this - and it saves them substantial bookkeeping fees. QuickBooks itself also has the ability to take a photo on a smartphone and be recorded automatically in the system - but the user will have to enter the value details in that case.
31st Jan 2018
We have had problems with the credit agencies with FRS105 - they seem to take the current assets as being all debtors, and then make a comment that there is insufficient cash - and downgrade the credit score accordingly! We have to supply them with the full breakdown to alter the score. They seem in no hurry to upgrade their algorithms.
So something to be aware of if the client relies on their credit score.
16th Aug 2017
Have not come across that one! I have a corporate debit card, as have several of my clients. Perhaps you need a better bank?!
26th Apr 2016
Can anybody comment on where the figures come from?
According to last filed accounts (August 2014 as period extended to Feb 2016) the pension deficit is £111M out of total net liabilities of £256M - where does the £571M and £1.3B come from - would things have got that bad in such a short time - or were the accounts so wrong?
17th Nov 2015
From what I have been told at their conferences - the connections are their own and not through 3rd party applications such a Yodlee!
5th Oct 2015
Agents not to get HMRC software
The reason behind this is that the software industry has pointed out to HMRC that it is undermining their industry when HMRC provides such software for free - it is not a plot against agents by HMRC!
The software industry maintains that HMRC are to provide collection of tax, and it is not in their remit to provide software.
Equally HMRC have argued that for the small trader (or company) free online filing should exist, and that if a software provider can provide such for free - then they will step back - unfortunately that is not a commercial reality. That is why we are in the current situation.