Making Tax Digital for the Hospitality Sector
For the individual contracted to the hospitality sector and the smaller cafes and restaurants the right software app’s, having the facility to record card transactions and take photos of receipts in real-time and link to the expense within your chosen software should result in a time saving and more accurate accounting records.
In addition, with the right solution you should be able to get your chosen software to record paid invoicing and link to your business bank accounts. This should definitely result in administrative time savings and provide much clearer financial information.
For restaurant we know that paying for a software subscription is not a priority we can help you access the best prices through our relationships with software providers.
Why do you need the specialists at Folkes Worton:
Software companies and app designers won’t generally be able to give you accounting advice about the intricacies of how your individual hospitality business be that the smaller cafes or restaurants. We can advise on accounting tips, inventory management and differing VAT rates.
Whether you us a ‘SimpleX’ book or ‘excel’ we can help bridge you to MTD compliant software.