Unable to import bank data
The first thing to know about this app is doesn’t import your bank transactions and enable you to sort through them and prepare the figures. All it does is to accept your fully prepared accounts in spreadsheet format and submit them to HMRC. That’s its entire functionality. Which IMHO is pretty minimal. Other systems are out there which do both some of which come at zero cost. I’m sure this product does what it does very well but I never got that far. I’m giving it four stars - five reflecting that it does what it does, with a one star penalty for not clearly flagging what it doesn’t do upfront and wasting people’s time who want the full MTD package.
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Response from developer
Importing bank data is not a requirement for MTD, it's just how some other apps operate. It's a shame that we get our first negative review because you actually wanted a different app. Thanks!
It Works
Just like their VAT MTD app, this is the simple solution that lets me stay in control of my financial reporting. The imposition of MDT was far from welcome, and the Big Accounting Package I tried before was hopeless accounting for my specialist transactions. THIS software bridges what I already know how to do, with what HMRC wants. I am happy to pay the reasonable subscription fee and I love the great response to support issues.
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Response from developer
Thank you very much for the kind words.
Good but expensive
Just tested it so far and it seems fairly straightforward and easy. Well explained and clear. But it seems a little prohibitive for 4 submissions per year (3 if your accountant takes care of the end of year submission). I have tested another solution that is half the price and although it’s online based, it doesn’t seem more complicated.
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Response from developer
I’m sorry that you think it’s expensive. The app has taken 18 months of full time work to build and now we have a full time job assisting people and liasing with HMRC. That all needs to be priced in and we are a long way from making any money.
Unable to import bank data
At first I thought this app looked great but it’s unable to import bank transactions. There’s meant to be some way for it to import download bank transactions on spreadsheets but the whole thing is as clear as mud and having got my CSV file I’m unable to load it up. Just wasted a couple of hours on this.
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Response from developer
Importing bank data is not a requirement for MTD, it's just how some other apps operate. It's a shame that we get our first negative review because you actually wanted a different app. Thanks!
Excellent Support
I am not particularly computer literate but the MTD support team were excellent
Response from developer
Happy to help get you sorted :)
