Match Accounting
Fifty VAT returns a month, every one checked.
An accountancy practice with a custom app that reads every VAT return before it goes to HMRC, catching the mistakes that get expensive once they've been filed.
Match Accounting file VAT returns on behalf of their clients. More than fifty a month, and the practice's name is on every one that goes to HMRC.
The difficulty is that several of them fall due at once. When there was time, a return got a proper review. When there wasn't, it got a glance. So the returns being looked at least carefully were the ones going out in the busiest week, which is exactly backwards.
- An application that reads every return against the transactions behind it, before anything gets submitted.
- The checks are the ones this practice knows matter: transactions coded wrong, reclaims that won't stand up, figures that don't tie back to source.
- It comes back with specific issues on specific entries, so the reviewer opens the six things worth opening.
Every return gets the same check now, whichever week it lands in. The time goes on deciding what to do about what turns up, which is the part that needs a qualified person.
It reviews and it flags. It doesn't approve anything and it doesn't submit anything. An accountant looks at every issue it raises and makes the call.
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We run our own business on it.
Could this be your business?
Five minutes and ten questions will tell you which of your processes is the strongest candidate — and what a starting engagement would look like.