Limited Companies

Our Limited company module supports bookkeeping and payroll, perfect for personal service companies for contractors (PSC’s) and SME’s.

Automation across a number of features makes the system perfect for accountants with large number of clients. Time saved spent on compliance can be spent on value added services and giving a great customer experience.

Our Key Features Include:

Bulk matching in the bank

Reconciling the bank is the most important part of bookkeeping, we make it as easy as it can be by allowing bulk matching of similar transactions.

Auto invoices

Creating an invoice directly from the bank statement saves buckets of time for customers on a ‘self-billing’ arrangement or those that do not require an invoice. From the bank transaction, a few clicks and an invoice is created and matched.

IR35 Calculation

The contractor industry is ever changing due to complex legislation. My Digital Accounts can make inside and outside IR35 calculations based on the assignment and automatically make relevant journals.

Bulk VAT submission

File VAT returns across your client base with one click. This feature can save days of work, no need to jump in and out of client records to file quarterly returns. A bulk VAT report makes checking VAT figures across multiple clients a breeze.

Bulk Payroll

Many clients’ weekly or monthly payroll does not change significantly. After running a report across the client base and doing some checks, payroll can be run for all your employees across all companies with a couple of clicks.

2% VAT report

New limited cost trader legislation for the flat rate VAT scheme dictates that 2% of revenue must be spent on eligible ‘goods’ in order to file a VAT return without amending the flat rate %. Our report easily breaks down amount already spent, and spend required and automatically journals if required spend is not reached.

Bank Feeds

Automatic bank feeds link to client bank accounts and pull bank transactions into the software daily.
No need to for time consuming bank imports.

Management Accounts

Our management accounts module allows you to give a great value-added service to your clients. A current and previous month P&L, yearly P&L and balance sheet can be annotated with accountant remarks and sent as a PDF to the client with ease.

Making Tax Digital

Our software is one of the first in the UK to be able to make Making Tax Digital (MTD) compliant VAT returns.

MTD is nothing to be scared of, simply link the HMRC account to My Digital accounts within the software, choose a VAT period to file, and submit!

My Digital Accounts allows you to enjoy the full benefits of Making Tax Digital. The payments and liabilities feature, shows all the submitted VAT data and payment data received by HMRC giving full clarity on the status of a clients VAT account for the first time.

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