Sorry, Matrix you mentioned an option.
Thanks, I really like VT and it's such good value but the only downside is the MTD. That seems eye-wateringly pricey in comparison to VT.
If a client decides to use Xero or QB and I continue to use VT can you just bring over the trial balance from both systems.
Is there any cloud based accounting system that caters for MTD and also the purse strings of a small practice and small business clients.
Thanks for your help.
Thanks for the input.
During a webinar someone asked about sales credits which at the moment I don't think the software is set up for this.
The other question was based on template service email quotes for various services. The templates are setup in the services section and you add costs for a number of selected services but nothing is set if your practice is run on a fixed fee basis and you want to consolidate your services into a package cost, it's not a deal breaker.
On the security side they have ISO accreditation but the servers are EU based but not UK, not sure why that is and have asked the question.
The cost for one subscription looks reasonable and is lower than some other providers.
The rest of the software looks great and I'll probably also join this week.
Sorry, should have been more precise in my question and facts. The overdrawn DLA was for personal items of the Director.
The reserves are sitting at about 2.5k, with the remaining small balance in the company bank account. So I declare a dividend reducing the DLA balance down and then ask the Director to repay any remaining balance on the DLA, pay the corporation tax liability and then close the bank account.
As no other accounts are being prepared is a minute and a dividend voucher sufficient evidence of settlement on closure.
Is there any specific address that you sent this request or just the usual suspects.
If all is reimbursed then the company doesn't claim anything in the accounts and the only tax payable is the benefit in kind charge less the full reimbursement of the lease payments and the employer class 1A
So the P11D must be sent.
I understand if the interest was paid at the year end to the company then nothing to do but can you retrospectively go back six months later and charge interest to avoid the BIK 2015-2016.
Sorry. meant to say business not company