Is Your Accounting Software Set Up Correctly? — Startup Accountancy
Free 3-minute audit

Is your accounting
software set up correctly?

Most UK founders get pointed to Xero when they incorporate — but almost nobody sets it up correctly. Seven questions will tell you exactly where you stand.

You are not careless. You were just never shown how to do this correctly.

7 questions · under 3 minutes No charge · no obligation 1,200+ founders have done this
What we typically find
Chart of accounts Misconfigured
VAT scheme Wrong scheme
Bank reconciliation 3 months behind
Director loan account Untracked
Management accounts Looks good
73%
of new setups have at
least one critical error
Free
to find out where
you stand
Here is what happens when the setup is wrong
Your VAT returns come out incorrectly — and HMRC does not care that you did not know.
Your Corporation Tax is based on bad data and your accountant charges extra to fix it.
An investor asks for management accounts you cannot send because they do not reflect reality.
You reach year-end and your accountant says the records need rebuilding from scratch.
Question 1 of 714%
Your setup

How was your accounting software configured when you first started using it?

Choose the answer that best describes what actually happened.

Question 2 of 728%
VAT

Do you know which VAT scheme you're registered under — and whether it's the right one for your business?

The VAT scheme affects every return you file. Most founders never check.

Question 3 of 743%
Bank reconciliation

When did your books last fully reconcile — every transaction matched to your bank statement?

Reconciliation is the only way to confirm your figures reflect reality.

Question 4 of 757%
Chart of accounts

Has your chart of accounts ever been reviewed against UK GAAP standards?

The chart of accounts is the foundation of your entire accounting structure. A wrong one compounds every other error.

Question 5 of 771%
HMRC exposure

If HMRC opened an enquiry into your VAT returns today, how would you feel?

Be honest. This question matters more than any other.

Question 6 of 785%
Data integrity

Have you ever noticed a figure in your accounting software that didn't match reality — a balance, a total, or a report?

Even small unexplained differences signal deeper configuration problems.

Question 7 of 799%
Investor readiness

If an investor or bank asked for your management accounts right now, what would happen?

Management accounts are a direct reflection of the quality of your accounting setup.

Reviewing your answers…
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