Is there a step by step guide to setting up for Ltd Company

I’ve set up the purchase ledger with all suppliers, and that seems to be ok. I don’t need to do sales invoicing as all transactions are by card/internet/bank transfer/paypal/ . Not sure how to record these transactions for MTD compliance. Any advice would be welcome.

Hello @mesholmes1956

Generally, the rule of thumb is if you have software issuing invoices elsewhere (like a shop or an e-commerce site), then you can bulk record these in QuickFile (e.g. on a daily basis) and under a generic client like “Shop Sales”.

The key thing is, if HMRC asks “where did that come come from/go”, you can prove it,

Maybe these guides would help?

Let me know if we can help any further.

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