Clear Books

Connect bank via Open Banking.

Categorize business expenses using mobile app.

Generate automated VAT return.

Submit directly to HMRC via MTD portal.

Review tax liability dashboard for future planning.

Add subcontractor with UTR number.

Verify subcontractor status via Clear Books HMRC link.

Enter invoice amount.

Software auto-calculates 20% or 30% deduction.

Generate CIS payment and deduction statement.

Create project codes for each client contract.

Link staff time and expenses to specific codes.

Issue invoices tagged to projects.

Run 'Project Profit and Loss' report.

Adjust resource allocation based on margin data.

Enable multi-currency feature in 'Large' plan.

Sync USD and EUR bank accounts.

Issue invoices in client's local currency.

System auto-calculates realized/unrealized gains.

Review consolidated P&L in GBP.

Run 'Available Profit' check.

Select directors for distribution.

Input total dividend amount.

Software generates minutes and vouchers.

Post automated journals to the ledger.

Set up escalation rules for overdue invoices.

Customize email templates for reminders.

Software sends auto-reminders at 7, 14, and 30 days.

Integrate GoCardless for automatic direct debit pull.

Invoice marked as paid upon bank confirmation.

Accountant logs into client portal via partner dashboard.

Review automated bank reconciliations.

Post 'Year End' adjustment journals.

Lock periods to prevent unauthorized changes.

Export final accounts to external tax software.