Migration tales: The little chip shop that could
Following Rebecca Benneyworth’s story about her switch to online accounting, Riaz Kala begins a new series of tales from the digital trenches.
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I notice that MTD wasn't mentioned anywhere in the article ... presumably deliberately because that would throw into stark relief the difference between selecting a client and encouraging them to volunteer for digital records - vs. the mandation imposed by MTD.
I'm very happy for Riaz Kala and his satisfied client ... truly. But it sounds like a lot of time and effort was spent on this one client - so it would be useful to know:
* How much time & effort was invested during the whole discussion/implementation phases?
* What change in costs (for fees and/or software etc) will be experienced by the client from hereon?
* Whether Riaz will be happy to repeat the process for each and every one of his clients?
* What net impact (in change of resources and profits) does Riaz expect between now and 2024?
I doubt a client who somehow operates their business without a bank account would be as thrilled with digital book keeping as the article suggests.
As above has absolutely nothing at all to do with MTD
This is digitisation of outdated incomplete manual records something many firms have done years ago, nice of you to keep up at the back.
I am surprised a firm like yours would be doing anything other than using digital methods to undertake this client's bookkeeping and should be assess if its quicker to squirt it through Xero or knock it up in excel. Both have their strengths and weakness and depends largely on the staff member doing the crunching.
Remember we do this stuff for a day job.
Filing this quarterly with the risk of fines for non-compliance is going to help this client in what way?
When you have the time and patience to do this for one or a few clients it's always very satisfying. As we have done in the past.
Although with MTD coming up, I don't know how we can do this for 300+ clients with the staff that we have. The alternative is to take on more staff and make a loss, or kick some clients to the curb (and good luck to them) to scale down to a level we can manage.
Reminds me of the time my brother pretended to be lost, went to a random persons house and asked for sausages and chips because he was scared and sad. He did in fact receive said sausages and chips.