The Bookkeepers.Network (BKN)

Post Info TOPIC: MTD and QuickBooks Pro 2015 Desktop


Member

Status: Offline
Posts: 21
Date:
MTD and QuickBooks Pro 2015 Desktop


Hi, I have always used QuickBooks and Sage desktop accounting software. With the HMRC MTD startingsoon, will I have to start using a cloud accounting software? I have tried a couple trials but they seem much slower because of having to create individual sales invoices,then save andapprove them. I work from home so invoices have already been created, saved and sent to the customer by my clients. I am really looking for a system that's not very expensive for my 4 to 5 clients I work on at home. Does anyone have any recommendations please?

I'm assuming I could delay switching to the cloud until end of March 2020 and if so can anyone recommend a bridging software?

Many thanks and I expect this has been asked many times!



__________________
Zoe McCrow


Expert

Status: Offline
Posts: 1642
Date:

"With the HMRC MTD startingsoon, will I have to start using a cloud accounting software?"

No. You can carry on using what you have now, but if your clients are subject to MTD you will either need to upgrade it to (or replace it with) software that is MTD compliant, or find a "bridging" solution; that is software that can import the VAT figures from your current software, and submit them to HMRC under MTD.

But, slightly confusingly, you seem to be already aware of that option because despite your first question, you also ask:

"I'm assuming I could delay switching to the cloud until end of March 2020 and if so can anyone recommend a bridging software?"

Noting the different font and sizes between the two questions, has one been copied from somewhere else as a 'prompt' to ask the other, or something?

Anyway, that confuzzlement aside, do you perhaps mean March 2019 there? Either way, I'm sure a discussion about the options will appear on this forum closer to the time.

Edit: I've just spotted that the second question starts off with a mention of delaying the switch to the cloud. So your understanding of what bridging software is wrong - that explains the odd sequence of questions. Bridging software isn't a temporary solution to use now, until it's necessary to switch to the cloud. It simply isn't necessary to switch to the cloud at all.

Bridging software is software that acts as a bridge between your MTD-unaware desktop software, and the MTD submission portal on HMRC's website. It allows you to carry on using existing software (as long as that software offers a means to get the figures out 'digitally' - you're not supposed to just copy and paste them, or type them in.)



-- Edited by VinceH on Saturday 8th of December 2018 09:05:52 AM

__________________

Vince M Hudd - Soft Rock Software

(I only came here looking for fellow apiarists...)



Master Book-keeper

Status: Offline
Posts: 7206
Date:

ZoesBookkeeping wrote:

Hi, I have always used QuickBooks and Sage desktop accounting software. With the HMRC MTD startingsoon, will I have to start using a cloud accounting software? I have tried a couple trials but they seem much slower because of having to create individual sales invoices,then save andapprove them. I work from home so invoices have already been created, saved and sent to the customer by my clients. I am really looking for a system that's not very expensive for my 4 to 5 clients I work on at home. Does anyone have any recommendations please?

I'm assuming I could delay switching to the cloud until end of March 2020 and if so can anyone recommend a bridging software?

Many thanks and I expect this has been asked many times!


Ditto what Vince said.

Hold off spending - is MTD defo being rolled out? We dont know yet.

Yes, asked and answered many many times - have a root around and keep an eye out on here. Also - pls pitch in with stuff you have heard as it helps others as well. (Its a myth it can be de-bunked, if its good we all benefit and there are lots of folk asking Qs and not enough answering!)



__________________

Joanne

Winner - Bookkeeper of the Year 2015, 2016 and 2017

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

Page 1 of 1  sorted by
 
Quick Reply

Please log in to post quick replies.

Tweet this page Post to Digg Post to Del.icio.us
Members Login
Username 
 
Password 
    Remember Me  

2018 The Bookkeepers Network (BKN). All Rights Reserved. The Bookkeepers Network (BKN) is a trading division of Bookcert Ltd. Registered in England Company Number 05782923. 2 Laurel House, 1 Station Rd, Worle, Weston-super-Mare, North Somerset, BS22 6AR, United Kingdom. The Bookkeepers Network and BKN are trademarks of Bookcert Ltd. This forum is a discussion forum only. There will usually be more than one opinion to any question and any posting should not be viewed as a definitive solution. No responsibility for loss occasioned to any person acting or refraining from action as a result of any posting on this site is accepted by the contributors or The Bookkeepers Network. In all cases, appropriate professional advice should be sought before making a decision. We reserve the right to remove any postings which are offensive, libellous, self-promoting or engaged in covert marketing. We will not notify users of removals. The views expressed in the forum posts are those of the individual and do not necessary reflect or agree with those of The Bookkeepers Network. Any offensive or unsuitable posts will be removed by the moderators. Any reader of this forum can request for a post to be looked into by sending an email to: info@bookkeepers.network or info@bookcert.co.uk.

Privacy & Cookie Policy