Skip to main content

QuickBooks, VAT, MTD and online accounting


Get Linked, Save Time.

We're pleased to announce Guestbook247 can now be linked to QuickBooks Online for UK based customers, providing seamless way to integrate your booking invoices direct to your online accounting solution. We believe this will save businesses significant time, reduce mistakes and for UK customers help meet Making Tax Digital (MTD) VAT compliance and ease changing VAT rates during these COVID times. 

MTD VAT - What Is That?

For UK VAT registered businesses from April 2019 Making Tax Digital (MTD) for VAT went live. This obligates VAT registered businesses with a turnover over £85,000 to keep digital records and to submit VAT returns online using an HMRC approved software, such as QuickBooks Online. Up until now you have been able to manually move data from your other business software solutions, such as Guestbook247, into your accounting software. However from April 2021 so called "copy and paste" of VAT related transaction data will no longer to acceptable by HMRC. Instead you need to being using a so called "Digital Link" between your business software and the HMRC approved accounting software. For full tax details on MTD VAT please consult with your accountant or review https://www.gov.uk/government/publications/vat-notice-70022-making-tax-digital-for-vat/vat-notice-70022-making-tax-digital-for-vat 

By using Guestbook247 with QuickBooks you get a a fully compliant VAT solution with Guestbook247 acting as the primary digital record for booking invoices and as a digital link to Quickbooks Online. This means invoices you issue from Guestbook247 will be automatically exported to Quickbooks, from here you are able to use that information to help prepare and submit your VAT online to HMRC.

You will require a subscription to Quickbook Online, see quickbooks.intuit.com/uk/online/ and to link that with Guestbook247. This can be done from app.guestbook247.com/AccountingLinks where you can securely link Quickbook Online with your Guestbook247 account. 

Even if your business is not required to comply with MTD for VAT then linking Guestbook247 with Quickbooks Online still offers a cost effective and seamless solution to manage your bookings and accounts.     

We hope to soon provide support for customer to link Guestbook247 to Quickbooks Online for Australian and New Zealand  customers. We are also looking to provide support for alternative online accounting solutions such as Zero. Watch this space.

Try with a free 30 day trial guestbook247.com no payment needed
     

Labels:

Comments

Post a Comment

Popular posts from this blog

New Dashboard And Modern Look.

Lots Has Been Happening. We've been very busy with lots of exciting new features and have created a more modern and cleaner look for guestbook 247. Not just a new look but a much enhanced dashboard from which to see at a glance key info, bookings, availability and business insights. We hope the new look will make using and navigating guestbook more pleasant, easier and productive. The Dashboard.  The dashboard is your new Guestbook 247 home from where you can see and do most of your daily task and get easy insights on your business. The availability calendar sporting a new fresh look and improved navigation Key business metrics such as number of bookings and enquiries, rooms occupied  The Timeline shows your booking info for the  the most relevant bookings recent activity new enquires who's in and out Instant guest search based on name or email Booking source charts - see at a glance where your bookings are coming from, compare different time periods ...
Post a Comment
Read more

GDPR - What it means for you and your guests...

GDPR is coming So what is GDPR (General Data Protection Regulation)? It's an EU regulation that becomes law on 25 May 2018 that aims to increase the data protection of all EU citizens. A whole industry has sprung up of GDPR "specialist" and there is now much media coverage. As usual there's much mis-information floating around not helped by ambiguities and deliberate vagueness of some parts of the GDPR regulations. So we think the specific understanding of GDPR will take some years to mature as authorities enforce and challenge companies compliance. Practical Impacts What does it mean for the hospitality industry and in particular the hotel sector? It means that hotel business must take steps to understand how they handle, store & process any personal information. That clearly includes personal information for guests and prospective guests. Even if you operate your business outside the EU but interact with EU citizens you need to take action. The EU and ...
Post a Comment
Read more