Tech Lowdown: Onvio and MTD for VAT

Tech Lowdown
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Welcome to our weekly round-up of the latest news and updates from the accounting tech world. 

This week, VT has announced its VT Transaction+ and VT Cash Book solutions will be MTD for VAT ready, Thomson Reuters has completed its first MTD submission with Onvio and AccountancyManager and Pandle have both announced new features and integrations.

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Thomson Reuters announces its first MTD for VAT submission

Thomson Reuters has announced the completion of its first VAT submission to HMRC as part of the Making Tax Digital for VAT pilot scheme. Accountancy practice Eazitax has completed the first submission using Onvio VAT , the new cloud-based MTD software solution recently developed by Thomson Reuters.

Onvio VAT will integrate with the Digita Professional Suite, providing synchronisation of key client data.

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AccountancyManager integration with Xero

AccountancyManager has updated its software with a number of new features and has announced an upcoming Xero integration.

Among the new features, the practice management solution now allows users to send automated emails from users assigned to a task instead of the ‘manager’ of the client, to prevent clients from receiving emails from members of the team that they do not recognise.

Other updates include the addition of an option to ignore blank option in fee structures, additional VAT, MA and custom service frequencies, ability to archive all read notifications, a new setting to show the client's internal reference on the task list and ability to view previously cleared or invoiced WIP.

Additionally, AccountancyManager is set to automatically synchronise client data with a new Xero integration.

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Pandle improves features on mobile app

Pandle has improved the Receipt Uploads feature in its latest mobile app update, which will enable users to snap a photo and attach it directly from the Pandle mobile app, eliminating the need to use the desktop version of Pandle.

Additionally, when users send a quotation to a potential customer, they will now have the option to change it into an invoice if the client signs up.

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VT will develop MTD functionality

VT Software, which had previously stated it would stop development of VT Transaction+ for MTD, informed its users this week that it will be implementing MTD directly into VT Transaction+ and VT Cash Book in July 2019.

The software developer has also announced the development of an Excel-based bridging product for use with VAT groups and other situations where the VAT return cannot be transmitted directly from VT Transaction+.

Agents will be able to make use of the MTD features in VT Transaction+ through their VT Accounts license, which will remain available at its current price. VT has also specified that VT Cash Book will remain free but a VT Accounts or VT Transaction+ license key will be required to access the MTD features.

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