Using gnucash for UK sole-trader self-employed?

[Julien Cornebise]

Brilliant, thanks Maf. Did you set up some specific accounts in
Gnucash to stick to HMRC forms/requirements?

On Wed, Apr 25, 2012 at 9:24 AM, Maf. King <maf at chilwell.net> wrote:
> On Tue 24 April 12 17:04:49 Julien Cornebise wrote:
>> Dear all
>>
>> Is anyone out here using Gnucash in the UK for their activity as
>> sole-trader self-employed?  Do you know how compliant it is with HMRC
>> requirements (whatever they are)? How simple is it to generate the
>> self-assessment, and the VAT declaration?
>>
>> I love Gnucash for my personnal accounts, and hope to use it for my
>> professional work as a consultant -- but will only do so if it does
>> not add to the UK-specific accounting complexities.
>>
>
> Hi Julien,
>
> I've used GC for years for both personal and small business accounting (but
> not sole trader, although I was one of those even more years ago in the days
> of Quicken and Win 95...)
>
> GC can't generate the VAT/Tax figures and submit them directly to HMRC, but it
> is quite capable of giving you the numbers for you to manually transfer into
> the forms on the HMRC website.
>
> HTH,
> Maf.
>
>