Member Since: 11th Jun 1999
16th Oct 2019
It would be helpful to know the software being used. I know that QB online tries to be helpful and insert dates and if you happen to prepare the payroll a couple of days later than the usual date it can appear as though you have made a late submission, even though payments have not actually been made yet.
24th Jan 2019
Thanks John, useful roundup
18th Aug 2018
I find it interesting that the system I'm using doesn't include a snapshot of accounts payable and receivable on the dashboard, but shows me a graph of monthly billings - which is fine, but not as useful as knowing who I need to pay and who I need to chase. Actually I think the dashboard should allow for a degree of customisation.
18th Aug 2018
I'm afraid there are more where those came from, but not uploaded yet.
17th Aug 2018
Helpful person on their online chat service solved the bank matching problem, for which I'm truly grateful, but it wasn't quite as straightforward as I thought it might be. We don't seem to have arrived at the "the system will do it all for you" utopian state we've been led to expect, just yet.
17th Aug 2018
ooops! Now I know who my friends are Mark!
16th Aug 2018
Having spent most of last night trying and failing to persuade my mainstream cloud based accounting software to recognise bank transactions where payee and amounts obviously match transactions I've already input but where it seemed to throw a hissy fit, I'm sceptical. Having said that, Applepay seems to be a convenient mechanism and no doubt other FAANGs participants are going to need to expand into this market. This is clearly going to develop, probably in unexpected ways, but having watched the banks in the 1980s try and fail to supplant the need for bookkeeping, and with the aforementioned frustrations demonstrating that the software companies don't really understand transactions very well, it may take some time and provide accountants with a good deal of work. Finally, my journey into cloud accounting makes me wonder about the training of firms' staff if they are really going to be effective in implementing cloud based systems for clients.
18th Jul 2018
Thanks Rebecca - clear and concise as always
29th Jan 2018
Rebecca - a clear well argued article as always.
The lack of clarity re tax software and the lack of available information about a taxpayer's affairs (I still don't know why there was underpaid tax of £80 to be collected when I did my SA return this year, but it would seem to date from 14/15 and I lost the will to live trying to track it down) but I think the software vs legislation problem goes deeper than this.
Financial reporting software presents similar issues as does audit software.
At our AGM last year, a member of SPA (Society of Professional Accountants) raised the question of the liability of a practitioner using or recommending software for submission of clients' financial information to HMRC or Companies House, where an error occurs due to faults in the software and which may not be covered by PI insurance. It's a very tangled web indeed.
2nd Oct 2017
Thanks Rebecca - think I can feel another song coming on!