From compatible software to consistent categorisation of income and expenses, this checklist outlines the practical steps needed to keep digital records that meet HMRC requirements.
Software and digital records
- Use HMRC-recognised compatible software where MTD applies to you.
- Record income and expenses digitally close to the time of the transaction.
- Keep a clear audit trail from bank movements to ledger entries.
Consistent categorisation
Use stable categories for sales, direct costs, and overheads so quarterly summaries are reliable. Reconcile categories periodically so errors do not compound across periods.
How we can help
We can review your chart of accounts, software setup, and processes so your digital records support both MTD reporting and sound management information.