Sole Trader & Landlord Quickbooks, Xero or Kashflow
Discussion
The government are prising my massively intuitive, custom-built (by me) series of excel spreadsheets from my cold, dead hands and I need a single solution to being a sole trader joiner (who occasionally has to deal with CIS deductions – which inevitably disappear off the face of the earth), a property which I let in partnership with my wife, and an Air BnB in partnership with my wife. My wife is a sole trader yoga teacher. Ideally we would both use the same piece of software and it would spit out all the MTD / Self Assessment bobbins which stops us getting on with actually putting a shoulder to the wheel of the economy.
Quickbooks, Xero and Kashflow seem to be front runners, but I get mightily pissed-off with having to pay a subscription for something I can do in Excel, so they had better add some value.
I don't want to spend my time 'running a business'. I want to go and work!
What would you do?
Thx
Quickbooks, Xero and Kashflow seem to be front runners, but I get mightily pissed-off with having to pay a subscription for something I can do in Excel, so they had better add some value.
I don't want to spend my time 'running a business'. I want to go and work!
What would you do?
Thx
Any of those should work provided they generate and send proper invoices to/for customers.
Some of the systems claim to generate invoices but then force customers to click through to download them. It is a massive PITA vs simply forwarding a per to our Xero to automatically upload.
If your customers are other companies as customers then it’s something worth considering. One of our main suppliers recently switched to Tradify (which forces you to click through to download). It’s been sufficiently inconvenient that it’s meant that they’re now sharing the business with one of their competitors when previously they had all of it.
Probably less of an issue if your customers are all private customers.
Some of the systems claim to generate invoices but then force customers to click through to download them. It is a massive PITA vs simply forwarding a per to our Xero to automatically upload.
If your customers are other companies as customers then it’s something worth considering. One of our main suppliers recently switched to Tradify (which forces you to click through to download). It’s been sufficiently inconvenient that it’s meant that they’re now sharing the business with one of their competitors when previously they had all of it.
Probably less of an issue if your customers are all private customers.
Eric Mc said:
Income from jointly owned properties and trading business partnerships are excluded from MTD - for the foreseeable future.
I understood that you still have to report jointly owned properties but there are simplifications?:https://www.gov.uk/government/publications/digital...
Gassing Station | Business | Top of Page | What's New | My Stuff