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Simplifying Multi-Currency MTD Submissions: Apptituda’s Latest Update

joemills74

At Apptituda, we’re always looking for ways to make tax compliance faster, easier, and more accurate. That’s why we’re excited to introduce a major update to our Making Tax Digital (MTD) solution—one that simplifies the submission process for multi-currency transactions.


The Challenge: Manual Multi-Currency Conversions


For businesses dealing with multi-currency transactions, MTD submissions used to require manual intervention. Users had to:


🔹 Convert transactions to GBP using Salesforce reporting

🔹 Adjust MTD submissions to reflect the correct exchange rate

🔹 Double-check calculations to avoid potential discrepancies


This process added time, complexity, and the risk of errors—something we knew needed improvement.

The Solution: Automated Multi-Currency Handling

With our latest update, manual conversions are a thing of the past. Now, Apptituda’s MTD solution automatically captures the converted GBP value and includes it accurately in submissions.


What’s New?


Seamless Currency Conversion – No need for manual adjustments; GBP values are now captured automatically

Enhanced MTD Process Report – See the original currency, applied conversion rate, and final converted amount for full transparency

Improved Accuracy & Efficiency – Reduce workload, eliminate errors, and submit with confidence


What This Means for You


This enhancement brings greater efficiency, accuracy, and ease to your MTD process. Whether you're handling a handful of international transactions or thousands, our solution ensures your tax submissions are error-free and hassle-free.


At Apptituda, we’re committed to continuous innovation, helping businesses stay compliant with MTD while focusing on what they do best.


🔹 Ready to experience the upgrade? Log in to your Salesforce account today or contact Apptituda to learn about the difference!





 
 
 

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