Can I add in all my data for the past year?
Yep, if you say have 10 invoices for the BIG Company Ltd we’ll prompt you after each invoice for Big Company do you want to create another invoice for Big Company. It’s supppppper fast.
If so, how would the system handle any incorrect returns I may (or hopefully may not) have made?
It won’t handle them Bullet is designed not to let you make a mistake. So what you’ll need to do is get your accountant to use the manual journal entries to amend the entries. (don’t try this yourself).
If you haven’t made any returns, then enter the data into Bullet and we’ll generate the correct returns.
Or simply start from your next return.
Can I set up an account like ‘Directors wages’ and using that to account for any payments made to me?
If you’re a sole trader you don’t pay yourself, so you don’t need to account for it. Revenue just look at everything that comes into the company bank account as wages.
If you’re a limited company, the only way you can pay yourself is via payroll. But thats ok, cause we make it very simple to pay yourself any amount you want. We also allow you to pay yourself whatever is left in the bank account. So say you only have 1,000 left in the bank and you want to pay yourself the max knowing some of that 1,000 is for tax.
Simply pick the option and put 1000 in and Bullet handles all the taxes and says you can tax 500 out (for example) and routes the rest for your tax bill.
We also let you ramp up legitimate mileage so you can pay yourself in expenses. Oh, we do that automatically too.
Getting out of payroll.
I know Anthony but maybe that’s why your books are in a mess. If you’re trying to fix things then just do them the simplest way. Start from fresh in Bullet and you’ll never miss a trick, and the great thing is you don’t even have to think about it, we do.
Making this a smart choice and you more attractive to Super Models. That’s a fact!