Hi
I currently use a very old desktop based copy of Quickbooks and my accountant doesn’t require me to bother with depreciation or year end procedures.
Clearly, I need to update my accounting system for MTD etc., but before I switch over to using Quickfile I’d like to know:
A) Is it compulsory to run a Year End procedure at the end of every accounting year?
B) Is the recording of depreciation compulsory?
Thanks
Adrian