Generated by All in One SEO v5.0.1.1, this is an llms.txt file, used by LLMs to index the site. # Acxite ## Sitemaps - [XML Sitemap](https://acxite.com/sitemap.xml): Contains all public & indexable URLs for this website. ## Posts - [Submit MTD IT Quarterly Update for Foreign Property](https://acxite.com/knowledge-base/submit-mtd-it-quarterly-update-for-foreign-property/) - Submit MTD IT Quarterly Update for Foreign Property Acxite is HMRC-recognised software that helps businesses and accounting professionals manage records and submit tax returns. In addition to its full accounting solution, Acxite also provides a Bridging solution for users who maintain their records in spreadsheets but still need to submit their returns through Making Tax - [Connect Acxite to HMRC](https://acxite.com/knowledge-base/connect-acxite-to-hmrc/) - Connect Acxite to HMRC Streamline your tax filing by connecting your Acxite account directly to HMRC. This secure connection allows you to submit Making Tax Digital (MTD) for VAT and Income Tax Self-Assessment returns in just a few clicks, saving you time and reducing manual errors. Pre-requisites To ensure a smooth connection process, please have - [Switching Accounting Software? A Practical Migration Checklist for Accounting Firms](https://acxite.com/uncategorized/switching-accounting-software-a-practical-migration-checklist-for-accounting-firms/) - Did you know that most failed accounting software migrations stem from incomplete system visibility rather than from technical issues with the new platform? Switching Accounting Software? A Practical Migration Checklist for Accounting Firms Accounting firms often move financial data before understanding how deeply their current systems are rooted in daily accounting operations. Software migration is - [Sign Up for Acxite Accounting Software](https://acxite.com/knowledge-base/sign-up-to-acxite/) - Sign Up for Acxite Accounting Software Acxite makes accounting and tax compliance simple, saving time and reducing effort. With Acxite, you can easily manage VAT returns, ITSA submissions, invoices, receipts, and bank statements. It processes your data accurately, applies the appropriate accounting categories, and keeps everything ready for direct submission to HMRC. Steps to Register - [MTD ITSA 7 August 2026 Deadline: First Quarterly Update Checklist for Accountants](https://acxite.com/blog/making-tax-digital/mtd-itsa-7-august-2026-deadline-first-quarterly-update-checklist-for-accountants/) - If your bookkeeping file is still being “tidied up after month-end”, the 7 August 2026 MTD ITSA deadline is where that approach starts to break. This is not a soft landing into quarterly reporting. It is the first live HMRC checkpoint for the period 6 April 2026 to 5 July 2026, and it will quick - [Should Accountants Charge More for Non-Digital MTD Clients?](https://acxite.com/blog/making-tax-digital/should-accountants-charge-more-for-non-digital-mtd-clients/) - Did you know one client with a shoebox of receipts can create four separate rounds of chasing under Making Tax Digital? Before MTD, your team may have dealt with poor records once a year. Quarterly updates change the workload. Missing invoices, mixed - [MTD Ready vs MTD Filed: What Small Businesses Need to Know](https://acxite.com/blog/making-tax-digital/mtd-ready-vs-mtd-filed-what-small-businesses-need-to-know/) - Did you know that your records can be fully prepared for Making Tax Digital while your quarterly filing remains incomplete? You can also submit an update successfully even when your bookkeeping contains missing sales, duplicated costs or incorrect categories. - [Understand Income Tax Mapping](https://acxite.com/knowledge-base/understand-income-tax-mapping/) - Understand Income Tax Mapping Acxite simplifies your Making Tax Digital (MTD) for Income Tax reporting by mapping your recorded income and expenses to the relevant HMRC tax boxes. By configuring your Income Tax mappings, you can ensure that your Chart of Accounts categories are assigned correctly and that the figures in your quarterly update are - [MTD for Income Tax 2026: Why Filing on Time is Not Enough to Avoid Fines](https://acxite.com/blog/making-tax-digital/mtd-for-income-tax-2026-why-filing-on-time-is-not-enough-to-avoid-fines/) - Did you know you can submit every MTD quarterly update on time and still face penalties because the figures behind them are incomplete or inaccurate? - [MTD Income Tax Submission](https://acxite.com/knowledge-base/mtd-income-tax-submission/) - MTD Income Tax Submission Acxite streamlines your Making Tax Digital (MTD) for Income Tax by automatically preparing your quarterly updates from your recorded paperwork. By simply uploading your invoices, bills, and receipts, Acxite’s powerful data extraction engine converts them into digital transactions. From there, you can review your summary, finalise the figures, and submit your - [MTD VAT Submission](https://acxite.com/knowledge-base/mtd-vat-submission/) - MTD VAT Submission Acxite simplifies your Making Tax Digital (MTD) for VAT filing process by automatically calculating your VAT return figures from your recorded invoices, bills, and receipts. Once your data is in Acxite, you can review, finalise, and submit your return directly to HMRC in a few simple steps. This guide will walk you - [How to Get Started with Acxite: From Account Setup to HMRC Submission](https://acxite.com/blog/accounting-bookkeeping/how-to-get-started-with-acxite-from-account-setup-to-hmrc-submission/) - Acxite is HMRC-recognised cloud accounting and Making Tax Digital software for accountants, bookkeepers and businesses. It brings document collection, automated data extraction, bookkeeping, financial reporting, and HMRC filing into a s - [Estimate vs Quote vs Invoice: Key Differences Accounting Firms Need to Know](https://acxite.com/blog/accounting-bookkeeping/estimate-vs-quote-vs-invoice-key-differences-accounting-firms-need-to-know/) - Suppose a client asks your firm to correct twelve months of bookkeeping. After a short call, you estimate the fee at £1,500. When your team opens the records, it f - [MTD VAT or IT Bridging](https://acxite.com/knowledge-base/mtd-vat-or-it-bridging/) - MTD VAT or IT Bridging Acxite is HMRC-recognised software designed to help businesses and accounting professionals manage records and submit tax returns. In addition to its full accounting solution, Acxite also provides a Bridging solution for users who maintain their records in spreadsheets but still need to submit their returns through Making Tax Digital (MTD). - [Top 10 Accounting Practice Management Software UK 2026](https://acxite.com/blog/accounting-bookkeeping/top-10-accounting-practice-management-software-uk-2026/) - Did you know forty-four per cent of accountants regret their software choice right after a real deadline hits? The demos look flawless. The features seem perfect. But the reality often falls short. This guide covers 10 accounting software solutions for UK businesses, sorted by firm size and use cases. Each section explains what a tool does well and who it suits. It also explains why MTD ITSA quarterly submissions from April 2026 change the evaluation checklist for every UK practice choosing a new platform. - [What Is a Chart of Accounts and How to Set One Up](https://acxite.com/blog/accounting-bookkeeping/what-is-a-chart-of-accounts-and-how-to-set-one-up/) - Every year, thousands of UK business owners overpay their accountants by hundreds of pounds in “rework fees.” This happens when a Chart of Accounts (CoA) is so messy that an expert has to spend hours unpicking transactions before they can start a tax return. - [Modern Tax Workflow for Accountants: Automation, Process and the Human Advantage](https://acxite.com/blog/accounting-bookkeeping/modern-tax-workflow-for-accountants-automation-process-and-the-human-advantage/) - There is a growing assumption in practice that tax compliance is becoming fully automated. Yet the reality inside most firms tells a different story. Software has changed how work moves, not who is ultimately responsible for it. - [UK VAT Rates Explained: Standard, Reduced, Zero and Exempt](https://acxite.com/blog/accounting-bookkeeping/uk-vat-rates-explained-standard-reduced-zero-and-exempt/) - Are your product codes actually ready for June 25th? The UK is slashing VAT on children’s meals and family tickets to 5% for the summer. If you don’t update your software now, you’ll be spending September cleaning up a massive mess of compliance failure - [How to Track Allowable Business Expenses](https://acxite.com/blog/accounting-bookkeeping/how-to-track-allowable-business-expenses/) - Are you accidentally leaving 10p on the tarmac for every mile you drive? Are you actually undercharging your business and overpaying your taxes? HMRC has raised the approved mileage rate to 55p per mile, up from 45p. If you are still tracking to the old 45p, then yes, you are undercharging your business, and you're overpaying taxes. Before diving deeper, see how this guide helps you streamline expense documentation year-round, so your Self Assessment or Corporation Tax return reflects the real costs. - [Overview of Acxite Navigation](https://acxite.com/knowledge-base/overview-of-acxite-navigation/) - Explore the intuitive Acxite app navigation. Understand the layout, key UI objects, and how to access all features from the Business Menu and Title Bar. - [Is Your Accounting Software MTD-Compatible? A Four-Point Checklist](https://acxite.com/blog/making-tax-digital/is-your-accounting-software-mtd-compatible-a-four-point-checklist/) - Imagine discovering that your client’s “MTD-ready” software is not actually ready for MTD Income Tax, just weeks before the first quarterly update deadline on 7th August 2026. For thousands of accountants and bookkeepers, that is becoming a very real problem in 2026. - [What Is Budgeting in Business and Why It’s Important](https://acxite.com/blog/small-business-owners/what-is-budgeting-in-business-and-why-its-important/) - Do you know many businesses don’t fail because they stop making money? They fail because they never planned what to do with it. - [Business Entertainment Expenses: What HMRC Allows and Disallows](https://acxite.com/blog/making-tax-digital/business-entertainment-expenses-what-hmrc-allows-and-disallows/) - Most sole traders entering MTD IT have been recording client lunches as business entertainment expenses without realising that those costs cannot reduce their tax bill. It is not just a missed deduction. Miscoding entertainment across four quarterly updates overstates your allowable and disallowable expenses at every submission, and HMRC corrects that at the year-end declaration. - [Best Practices for Recording Petty Cash](https://acxite.com/blog/accounting-bookkeeping/best-practices-for-recording-petty-cash/) - A missing £8 parking receipt looks harmless. But when HMRC opens an enquiry, and your petty cash book shows a pattern of undocumented payments, every unreceipted claim becomes a disallowable expense. That is the most avoidable audit risk in a small business's books, and it costs nothing to fix. - [Manage Contacts and Set up Master Data Rules](https://acxite.com/knowledge-base/manage-contacts-and-set-up-master-data-rules/) - Acxite simplifies contact management: add manually, import via CSV, or create from invoices. Update details or archive for accurate document processing. - [Enable two-factor authentication](https://acxite.com/knowledge-base/enable-two-factor-authentication/) - Enhance your Acxite account security with two-factor authentication (2FA). Learn how to enable 2FA using Google Authenticator for robust data protection . - [Set up New Business/Practice ](https://acxite.com/knowledge-base/set-up-new-business-practice/) - Get started with Acxite by setting up your new business or practice. Follow simple steps to add new business, configure VAT details for MTD submissions. - [Overview of Supplier Statements & Sales Ledger Module](https://acxite.com/knowledge-base/overview-of-supplier-statements-sales-ledger-module/) - Manage supplier statements and sales ledgers with Acxite. Upload, extract, and process transactions into invoices or credit notes with ease. - [Import Transactions from PDF Bank Statements](https://acxite.com/knowledge-base/import-transactions-from-pdf-bank-statements/) - Import Transactions from PDF Bank Statements Manually entering transactions from PDF or scanned bank statements is a time-consuming and error-prone task. This article explains how to use Acxite's intelligent document processing to convert PDF or scanned bank statements into digital data. This powerful feature, powered by advanced OCR technology from Receipt Bot, reads your statement - [Overview of Bank Statement Module](https://acxite.com/knowledge-base/overview-of-bank-statement-module/) - Manage and process your bank statements easily with Acxite. Upload, extract, and reconcile transactions automatically to keep your financial records accurate - [Overview of the Sales Module](https://acxite.com/knowledge-base/overview-of-the-sales-module/) - Efficiently manage your customer invoices with Acxite Sales module. Learn to create, upload, and review sales documents forseamless revenue tracking. - [Overview of the Purchases Module](https://acxite.com/knowledge-base/overview-of-the-purchases-module/) - Take control of your purchase invoices with Acxite. Learn how to upload, create, edit and review purchase documents for seamless bookkeeping. - [Transfer Ownership of Your Acxite Account](https://acxite.com/knowledge-base/transfer-account-ownership/) - You want to transfer account ownership? Here is a helpful guide to help you manage your business finances and collaborate with your team. - [Overview of Practice Management](https://acxite.com/knowledge-base/overview-of-practice-management/) - Overview of Practice Management The practice management in Acxite gives you a high-level, central view of every client/business you manage within your practice account. Prerequisites Before you can use the practice management dashboard, you must: Have an Admin or Owner account in Acxite. Have added at least one business to your practice account. Practice Management - [Manage VAT/GST Rates](https://acxite.com/knowledge-base/manage-vat-gst-rates/) - Manage VAT/GST Rates Acxite simplifies your bookkeeping by automating expense tracking in real-time. The system can automatically calculate VAT amounts from bills and receipts during data extraction. To ensure accurate VAT/GST processing, it is crucial to configure Acxite with the correct VAT/GST settings. Option 1: Manually Set VAT Status for Automatic Rate Creation If you - [Manage Payment Methods](https://acxite.com/knowledge-base/manage-payment-methods/) - Manage Acxite accounting categories for precise expense/income classification. Create, update, and organize for accurate bookkeeping and clear financial insights. - [Manage Categories/ Chart of Accounts](https://acxite.com/knowledge-base/manage-categories-chart-of-accounts/) - Acxite automates expense categorization. Manage your chart of accounts by adding, importing, or updating categories for accurate financial reporting. - [Record A Payment Against a Bill or Invoice in Acxite](https://acxite.com/knowledge-base/record-a-payment-against-a-bill-or-invoice-in-acxite/) - Record A Payment Against a Bill or Invoice in Acxite Recording a payment against a bill or invoice in Acxite is now much simpler. Previously, Acxite required a single combined document for both the invoice and the payment. As a result, the invoice and payment could not be managed separately. Prerequisites Before you begin, ensure - [MTD IT Series: Insurance Premiums: What Types Are Allowable](https://acxite.com/blog/making-tax-digital/mtd-it-series-insurance-premiums-what-types-are-allowable/) - Did you know that the same insurance policy can be fully deductible for a limited company and completely disallowed for a sole trader, even when both pay from a business account? - [Archive a Business or Delete Account](https://acxite.com/knowledge-base/archive-a-business-or-delete-account/) - Learn how to archive a business or delete an account in Acxite, ensuring data privacy and account management efficiency. This guide covers the essential steps. - [Manage Profile or Change Password](https://acxite.com/knowledge-base/manage-profile-or-change-password/) - Learn how to manage your Acxite user profile. Easily update your name, email, change your password, and enable two-factor authentication for enhanced security. - [Overview of Business Configurations](https://acxite.com/knowledge-base/overview-of-business-configurations/) - Learn how to configure your business settings in Acxite. This guide covers editing business details, managing users, and submitting VAT and Income Tax via MTD - [Invite clients & staff members in Acxite](https://acxite.com/knowledge-base/invite-clients-and-staff-members/) - Efficiently manage team in Acxite. Learn how to invite staff, assign roles, edit access levels, and temporarily block or remove users from your organization. - [Overview of Business Dashboard ](https://acxite.com/knowledge-base/overview-of-business-dashboard/) - Get overview of your bookkeeping activities with Acxite Business Dashboard. Track document processing, income/expense trends, cash flow, and financial data. - [What Is Petty Cash and How to Record It](https://acxite.com/blog/accounting-bookkeeping/what-is-petty-cash-and-how-to-record-it/) - Did you know one of the most common bookkeeping errors in small businesses comes from something as simple as petty cash? - [5 Stages of a Tax Investigation: What to Expect at Every Step](https://acxite.com/blog/making-tax-digital/5-stages-of-a-tax-investigation-what-to-expect-at-every-step/) - Did you know that the first thing most taxpayers do when they receive an HMRC enquiry letter is delete emails? That single action can turn a routine compliance check into a serious fraud investigation. - [What Are the Current Corporation Tax Rates in the UK?](https://acxite.com/blog/accounting-bookkeeping/what-are-the-current-corporation-tax-rates-in-the-uk/) - A company earning £40,000 in profit expects to pay corporation tax at 19%. Then it discovers it has one associated company under common control, and its small profits threshold drops to £25,000. The lower rate never protected part of that profit. - [How to Prepare Monthly Management Accounts](https://acxite.com/blog/accounting-bookkeeping/how-to-prepare-monthly-management-accounts/) - Did you know most delays in monthly management accounts do not come from complex adjustments, but from getting the order wrong? - [What Are the National Insurance Rates in the UK? 2026–27: What Employers Missed](https://acxite.com/blog/making-tax-digital/what-are-the-national-insurance-rates-in-the-uk-2026-27-what-employers-missed/) - Imagine setting your payroll budget based only on the headline 15% employer National Insurance... - [Manage Notifications & Alerts](https://acxite.com/knowledge-base/manage-notifications-and-alerts/) - Stay on top of your Acxite account with notifications and alerts. Learn about email and web notifications for document processing and account status. - [How to Read a Profit and Loss Statement Like a Pro](https://acxite.com/blog/accounting-bookkeeping/how-to-read-a-profit-and-loss-statement-like-a-pro/) - Imagine opening your monthly profit and loss statement and realising it tells you far more than whether your business makes money... - [Beyond Filing: Which MTD VAT Software Gives Your Firm the Most Control?](https://acxite.com/blog/making-tax-digital/beyond-filing-which-mtd-vat-software-gives-your-firm-the-most-control/) - Did you know that most VAT filing problems start long before your team submits the return? They begin with... - [Best Accounting Software for UK Small Businesses in 2026](https://acxite.com/blog/making-tax-digital/best-accounting-software-for-uk-small-businesses-in-2026/) - A sole trader earning £52,000 has until April 2026 to enrol in HMRC’s MTD Income Tax programme using recognised - [Structure Update for Upcoming Payments Feature](https://acxite.com/product-releases/structure-update-for-upcoming-payments-feature/) - Structure Update for Upcoming Payments Feature Published on 11 Apr 2026 Summary We've rolled out a structural update to Acxite that separates bills and invoices from their related payments into distinct, linked records and refreshes the transaction type names to align with broader industry conventions. What's Coming Until now, Acxite has only allowed you to - [Download Original Receipts/Bills/Invoices in Bulk with Advanced Filters](https://acxite.com/knowledge-base/download-original-receipts-bills-invoices-in-bulk-with-advanced-filters/) - Download Original Receipts/Bills/Invoices in Bulk with Advanced Filters Acxite securely stores all the documents you upload, providing you with an accessible online archive (powered by Receipt Bot). This article explains how to download your original receipts, bills, and invoices in bulk, which is useful for keeping offline records or providing supporting evidence to tax authorities. - [Setup Custom CSV Download Formats](https://acxite.com/knowledge-base/setup-custom-csv-download-formats/) - Acxite offers custom CSV download formats for bank transaction data, allowing users to tailor layouts to their financial reporting needs. This guide details creating and customising formats. - [Generate Basic Reports](https://acxite.com/knowledge-base/generate-basic-reports/) - Acxite’s intelligent document processing automates financial reporting. Generate and customize reports like Profit & Loss, Balance Sheet, and more. - [Onboard/Offboard Client to Practice](https://acxite.com/knowledge-base/onboard-offboard-client-to-practice/) - Learn to onboard, manage access, and offboard businesses in Acxite. Streamline financial management for multiple entities with ease. - [Maintain your Practice Details and Branding](https://acxite.com/knowledge-base/maintain-your-practice-details-and-branding/) - Manage Acxite business details & branding: update profile, add logo for consistent brand visibility. - [Is MTD ITSA Bridging Software Still a Viable Option in 2026?](https://acxite.com/blog/making-tax-digital/is-mtd-itsa-bridging-software-still-a-viable-option-in-2026/) - Is MTD ITSA Bridging Software Still a Viable Option in 2026? Picture a sole trader you've worked with for years who sends you a spreadsheet every January. It lists 12 months of income and expenses, along with a few notes about missing receipts. You review the numbers, prepare the tax return, and your job is - [Is Wave MTD Compliant? Alternatives for UK Businesses in 2026](https://acxite.com/blog/making-tax-digital/wave-accounting-mtd-compliance-mtd-compliant-wave-alternatives-in-2026/) - Is Wave MTD Compliant? Alternatives for UK Businesses in 2026 Have you ever wondered why so many sole traders and landlords are reviewing their accounting setup ahead of April 2026? From 6 April 2026, Making Tax Digital for Income Tax starts for people with over £50,000 in combined self-employment and property income, based on the - [MTD Bridging Software: What Accountants Need to Know](https://acxite.com/insight/mtd-bridging-software-what-accountants-need-to-know/) - MTD Bridging Software: What Accountants Need to Know Published: 14 March 2026 April 2022 arrived and every VAT-registered business in the UK faced the same deadline: full MTD compliance, no exceptions. For many clients, that meant one uncomfortable question — “I’ve been using Excel for years. Do I have to change everything?” The answer is - [Making Tax Digital for Small Businesses](https://acxite.com/blog/making-tax-digital/making-tax-digital-for-small-businesses/) - Making Tax Digital for Small Businesses: A Simple Guide to Staying HMRC Compliant in 2026. Did you know that more than one million UK taxpayers miss at least one tax deadline each year because they do not fully understand HMRC rules or digital filing requirements? In 2026, Making Tax Digital will affect more sole traders - [Does a Personal LinkedIn Page Boost Your Firm’s Branding?](https://acxite.com/blog/accounting-bookkeeping/personal-linkedin-profiles-vs-firm-pages-which-works-better-for-accountants/) - Personal LinkedIn Profiles vs Firm Pages: Which Works Better for Accountants? Did you know LinkedIn has quietly become one of the first places potential clients judge accounting firms? Before they reply to an email or book a call, they scroll. They read posts, check profiles, and look for signs that you understand their business and - [How To Choose the Best Software for Expense Tracking in 2026 ](https://acxite.com/blog/accounting-bookkeeping/how-to-choose-the-best-software-for-expense-tracking-in-2026/) - Find out how accountants and firms can choose Software For Expense Tracking that preserves audit trails and simplifies HMRC reporting. - [Why Accounting Data Is a Prime Target for Cyber Attacks (And How Digital Tools Reduce the Risk) ](https://acxite.com/blog/accounting-bookkeeping/why-accounting-data-is-a-prime-target-for-cyber-attacks/) - Why Accounting Data Is a Prime Target for Cyber Attacks (And How Digital Tools Reduce the Risk) When it comes to Cybersecurity threats, it's no longer just big tech companies that are affected. In fact, accounting and finance teams are now some of the most targeted departments by cybercriminals. Especially for the small and medium-sized - [Top Cybersecurity Practices for Accounting and Finance Teams](https://acxite.com/blog/accounting-bookkeeping/top-cybersecurity-practices-for-accounting-and-finance-teams/) - Top Cybersecurity Practices for Accounting and Finance Teams Today, accounting teams do more than manage numbers. They also protect some of the most sensitive business information. Bank details, payroll, vendor information, tax documents, and login information are all attractive targets for cybercriminals. With cloud accounting, Making Tax Digital (MTD) compliance, and online submissions, the risks - [V0.3: Deeper Financial Insights with New Reports & Manual Journal Entries](https://acxite.com/product-releases/v0-3-deeper-financial-insights-with-new-reports-manual-journal-entries/) - Deeper Financial Insights with New Reports & Manual Journal Entries We're excited to announce an update focused on providing deeper financial insights and greater control over your accounting data. This release introduces detailed transaction reports and a powerful new feature for recording manual journal entries, all within a more intuitive reporting interface. ✨ Key Features - [Excel vs. Bookkeeping Software: Deep Dive for Small Businesses](https://acxite.com/blog/small-business-owners/excel-vs-bookkeeping-software-deep-dive-for-small-businesses/) - We compare Excel vs. bookkeeping small business software to reveal why upgrading is essential for accuracy, compliance, and growth in 2025. - [Record Transaction via Email](https://acxite.com/knowledge-base/record-transaction-via-email/) - Acxite transforms your emailed documents into accurate accounting transactions. Learn how to set up email forwarding and filters for, automated bookkeeping. - [Understand the Different Modules](https://acxite.com/knowledge-base/understand-the-different-modules/) - Understand the Different Modules Acxite is designed to make accounting feel simple and organised. Instead of working across multiple tools, you can manage all your financial documents in one place. The platform is divided into modules that cover purchases, sales, bank statements, supplier reconciliation, and other documents, each built to handle a specific part of - [What HMRC’s Latest Change Means for the Future of VAT Compliance](https://acxite.com/blog/making-tax-digital/what-hmrcs-latest-change-means-for-the-future-of-vat-compliance/) - What HMRC’s Latest Change Means for the Future of VAT Compliance HMRC has officially closed the door on the VAT652 form. From now on, you must file VAT error notifications through the Government Gateway. This is not just a procedural update; it reflects HMRC’s broader plan to fully digitise VAT compliance. You need to understand - [How to Solve Business Cash Flow Problems](https://acxite.com/blog/accounting-bookkeeping/how-to-solve-business-cash-flow-problems/) - Do you ever feel like your business is profitable on paper, but the cash never seems to be available when you need it most? - [Strategically Package Your MTD for IT Services](https://acxite.com/blog/accounting-bookkeeping/strategically-package-your-mtd-for-it-services/) - Strategically Package Your MTD for IT Services Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) is no longer a distant concept—it's a fundamental shift in the accounting landscape. The move from one annual tax return to five submissions per client is more than a compliance hurdle; it’s a catalyst for change. For forward-thinking firms, - [V0.4: Cash Basis Reporting, Foreign Currency Tracking & Faster Reports](https://acxite.com/product-releases/v0-4-cash-basis-reporting-foreign-currency-tracking-faster-reports/) - Cash Basis Reporting, Foreign Currency Tracking & Faster Reports This latest update is all about giving you more flexibility and control over your financial data. We're introducing powerful new reporting options, including cash basis accounting and automated foreign currency tracking, alongside key improvements to make your daily workflow faster and more efficient. ✨ New Features - [Client Communication Guide for Accountants about MTD IT changes](https://acxite.com/blog/accounting-bookkeeping/mtd-for-itsa-the-client-communication-guide-for-accountants/) - Communication Guide for Accountants about MTD IT changes For accountants and bookkeepers, the coming years will mark one of the most significant shifts in client compliance since the introduction of self-assessment. Making Tax Digital (MTD) for Income Tax Self-Assessment (ITSA) begins in April 2026 for sole traders and landlords earning over £50,000, and extends to - [V0.1 - Introducing Acxite: Our First Public Release](https://acxite.com/product-releases/introducing-acxite-our-first-public-release/) - Introducing Acxite: Our First Public Release Today, we are thrilled to announce the official launch of Acxite. For too long, accounting has been bogged down by the tedious, repetitive, and error-prone task of manual data entry. We believe there is a better way. We built Acxite with one core mission: to automate the fundamentals of - [V0.2 - New Dashboard & Financial Reports](https://acxite.com/product-releases/new-dashboard-financial-reports/) - New Dashboard & Financial Reports We're excited to announce a major update designed to give you a clearer, more powerful view of your business's financial health. This release introduces a brand-new Business Dashboard and a full suite of essential financial reports, transforming your automated data into actionable insights for better decision-making. ✨ Key Features Dynamic - [Set Up Conversion Date and Balances](https://acxite.com/knowledge-base/set-up-conversion-date-and-balances/) - Set Up Conversion Date and Balances in Acxite Getting started with a new accounting system is a significant step, and Acxite makes it straightforward. This article will guide you through the crucial process of setting up your conversion date and opening balances in Acxite. Prerequisites Before you begin, please ensure you have the following: Access ## Pages - [All-in-One Free Accounting Software for Small Businesses](https://acxite.com/) - Acxite makes MTD easy. 100% free accounting software for VAT & Income Tax, built for entrepreneurs and accountants. - [Knowledge Base | Support & Guides for Your Queries](https://acxite.com/knowledge-base/) - Find answers to common questions about Acxite accounting software. Access guides, tutorials, and support articles for VAT, Income Tax, and MTD compliance. - [Contact Support for Product Guidance](https://acxite.com/contact/) - Contact Acxite support for help with MTD software, VAT filing, Income Tax submissions, or account setup. Live chat, email, and 1-on-1 sessions available. - [Free Accounting Software UK | Explore Pricing](https://acxite.com/pricing/) - Free accounting software UK businesses can use for MTD VAT & Income Tax. Transparent Acxite pricing – no credit card, no hidden fees. - [Insights and Learning for Accounting & Tax](https://acxite.com/insight/) - Acxite Insights - In-Depth Guides and Resources for Accounting Professionals Welcome to Acxite Insights. While our blog covers news and updates from the Acxite team, Insights is dedicated to in-depth guides, expert breakdowns, and practical resources designed to help business owners and accountants navigate the complexities of the modern financial landscape. From shifting tax regulations - [Blogs on Accounting Innovation and Efficiency](https://acxite.com/blog/) - Explore the Acxite blog for expert insights on accounting software, Making Tax Digital updates, VAT compliance UK, and bookkeeping tips. - [Product Releases & Software Updates](https://acxite.com/product-releases/) - Stay updated with Acxite product releases. Discover the latest features, improvements, and workflow enhancements for MTD VAT and Income Tax software. - [MTD Income Tax Software for UK Individuals](https://acxite.com/mtd-income-tax-software-for-uk-individuals/) - MTD income tax software for UK individuals. Submit quarterly updates to HMRC using compliant bridging and self-employed tax software. - [Bookkeeping Software for Small Businesses](https://acxite.com/accounting-and-bookkeeping-software-for-small-businesses/) - Acxite is intuitive bookkeeping software for small businesses. Record income, track expenses, file taxes, and manage finances effortlessly in one platform. - [Accessibility Statement](https://acxite.com/accessibility-statement/) - Acxite is committed to digital accessibility. Our website conforms to WCAG 2.2 AA standards, ensuring an inclusive experience for all users. Learn more or share feedback. - [Best Free VAT Return Software for UK Businesses](https://acxite.com/mtd-vat-software/) - File accurately with Acxite, the best free VAT return software for UK businesses. Automate MTD calculations and submit directly to HMRC effortlessly. - [Terms of Use](https://acxite.com/terms-of-use/) - Terms of use The use of Acxite software and associated services is subject to the terms and conditions listed below. Please read these terms of use (“agreement” or “terms of use”) carefully before using the services offered by Excelsious Limited (“company”). This agreement sets forth the legally binding terms and conditions for you and your - [Privacy Policy](https://acxite.com/privacy-policy/) - Privacy Policy The privacy policy of Acxite is based on the simple principle of avoiding the storage of any data that we do not need to provide you with services, and we do not use personal information without your permission at any cost. 1. General information Welcome to our Privacy Policy page! When you use ## Categories - [Uncategorized](https://acxite.com/category/uncategorized/) - [Accounting & Bookkeeping](https://acxite.com/category/blog/accounting-bookkeeping/) - Best practices, industry insights, and professional advice for accountants and bookkeepers. - [Making Tax Digital (MTD)](https://acxite.com/category/blog/making-tax-digital/) - MTD-related content, including deadlines, compliance guides, and client communication tips. - [Blog](https://acxite.com/category/blog/) - [Knowledge Base](https://acxite.com/category/knowledge-base/) - [Product Releases](https://acxite.com/category/product-releases/) - [Small Business Owners](https://acxite.com/category/blog/small-business-owners/) - Guidance for small business owners related to accounting, bookkeeping and other financial topics. - [Insights](https://acxite.com/category/insight/)