It does VAT margin schemes and partial exemption, which the big ledgers don't, and posts the journals back to Xero, QuickBooks, Sage and FreeAgent. It started life as a Chrome add-in John built for motor trade margin calculations, and the problem it fixes is that a spreadsheet is frozen in time, so anything posted or changed later gets missed.
It's in beta with about ten testers, free while it is. One of them has already found a golf club's historic partial exemption sums were wrong, from before they took the client on. Irish cash accounting, which works differently to the UK version, is on the way, and there's pricing for firms, businesses and charities, who often get caught by partial exemption.
From episode 6.38 of Digi-Tools in Accrual World, with Indi Tatla, John Toon and Ryan Pearcy.
Digi-Tools in Accrual World is The Loop's weekly accounting tech podcast, hosted by Ryan Pearcy, John Toon, Indi Tatla, Eriona Bajrakurtaj and Ian Gregory.
Full episodes: https://digitoolsinaccrual.world
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