How do I keep my accounting records up to date?

Competex provides a simple way of keeping track of your accounting records, in order that we can complete and file your VAT return, P11D and annual accounts.
Each quarter you need to complete some basic accounting details from which your VAT return can be submitted if applicable, and to enable us to compile your statutory accounts and P11D. This will also enable us to deal with any queries as the year proceeds.

For this, we will give you access to Competex FreeAgent, an online bookkeeping software, or supply a quarterly return template in Excel for you to complete and return to us. You will receive a separate manual and there is an online help facility within the software. You will be able to submit your VAT return directly to HMRC from within Competex FreeAgent, and we will carry out some routine checks each quarter.

We charge additional fees if you choose not to use Competex FreeAgent or are still using our Excel accounting templates and forms.

Amy FowlerHow do I keep my accounting records up to date?