I was in conversation here 2 weeks ago about Quick Books Self Employed version lacking proper accounting features.
It appears to be a Tax Return aid rather than accounting software - and yet it is advertised and marketed as Accounting Software.
In the conversation RhoiceW from Quickbooks did acknowledge that QBSE does not provide sufficient accounting information to be accepted by HMRC if they requested accounts from a Self Emloyed Business and seems to say that QBSE would not "comply with HMRC's Making Tax Digital (MTD) regulations." (see screenshot below).
Here is the thread: https://quickbooks.intuit.com/learn-support/en-uk/other-questions/re-is-qbse-just-a-tax-return-aid-n... which appears to have been removed from the list of 'Other Questions' here on the forum.
However nobody from Quickbooks has replied to my questions following that, and I am therefore asking again:
Can someone from Quickbooks please give a clear and straight yes/no answer to the following questions:
Is QBSE a software that can honestly fit this definition "Accounting software is a computer program that assists bookkeepers and accountants in recording and reporting a firm’s financial transactions."?
Or is it not actually a proper accounting software, and is actually just a tax return aid?
Thank you.
