DataDear

Discussion in 'Accounts & Finance' started by sniper74, Sep 11, 2019 at 2:00 PM.

  1. sniper74

    sniper74 UKBF Newcomer Free Member

    16 1
    Hi all. Does anybody use DataDear, the free MTD software linked to their Excel spreadsheet to submit their VAT returns?
     
    Posted: Sep 11, 2019 at 2:00 PM By: sniper74 Member since: Apr 30, 2018
    #1
  2. NickGrogan

    NickGrogan UKBF Ace Free Member

    2,006 439
    yes, why?
     
    Posted: Sep 11, 2019 at 2:11 PM By: NickGrogan Member since: Nov 15, 2012
    #2
  3. sniper74

    sniper74 UKBF Newcomer Free Member

    16 1
    Hi. Thank you for your reply. Is it ok to use? I have done the VAT returns for our company for years but now the business has to comply with the MTD ruling I was looking into either subscribing to Sage or QuickBooks but then came across DataDear.
    Have just submitted this quarter via our accountant - I did most of the work and they just submitted it but then hit us with a bill for £40 for doing it!
    Do you link your excel spreadsheet that you work on day to day or export it to DataDears spreadsheet that's in the download then submit it?
    Wanted to have a play with it but afraid to in case its all 'live' and no going back!
     
    Posted: Sep 11, 2019 at 2:18 PM By: sniper74 Member since: Apr 30, 2018
    #3
  4. NickGrogan

    NickGrogan UKBF Ace Free Member

    2,006 439
    I downloaded their spreadsheet, calculated the figures separately, added them in and clicked submit.

    Took about 2 minutes, maybe less.
     
    Posted: Sep 11, 2019 at 2:28 PM By: NickGrogan Member since: Nov 15, 2012
    #4
  5. sniper74

    sniper74 UKBF Newcomer Free Member

    16 1
    Ok, thank you. When you submit it sends just the part of the spreadsheet VAT Returns Form and not the Invoices (Sales) and Bills (Purchases) part? Meaning you can just enter the figures required from your original day-to-day spreadsheet?
     
    Posted: Sep 11, 2019 at 2:57 PM By: sniper74 Member since: Apr 30, 2018
    #5
  6. NickGrogan

    NickGrogan UKBF Ace Free Member

    2,006 439
    yes, exactly.
     
    Posted: Sep 11, 2019 at 3:32 PM By: NickGrogan Member since: Nov 15, 2012
    #6
  7. sniper74

    sniper74 UKBF Newcomer Free Member

    16 1
    Thank you for your help :)
     
    Posted: Sep 11, 2019 at 4:03 PM By: sniper74 Member since: Apr 30, 2018
    #7
  8. MyAccountantOnline

    MyAccountantOnline UKBF Legend Full Member

    12,731 2,361
    I know its not what you asked but it might be a good time to consider replacing your Excel sheets with an online system which will deal with MTD.

    You may well find your time savings exceed the monthly cost and you may also find you save on accountancy fees too.

    Don't just look at Sage and QuickBooks, you have lots of choice.

    I personally like Accounts Portal which is just £6 plus VAT for my firms clients.
     
    Posted: Sep 11, 2019 at 4:21 PM By: MyAccountantOnline Member since: Sep 24, 2008
    #8
  9. justintime

    justintime UKBF Regular Free Member

    516 69
    Apologies if I have misconstrued what you said, but are you just typing the totals from your excel sheets into the DataDear VAT return template? Strictly speaking, that isn't the correct way to do it, although during the soft landing period HMRC are unlikely to get into a strop about it.

    What you should be doing is linking DataDear to your excel sheet totals, which in turn will "import" the figures into the relevant VAT boxes.
     
    Posted: Sep 16, 2019 at 2:41 PM By: justintime Member since: Apr 12, 2009
    #9