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PAM vs MTDsorted: What are the differences?
PAM: A comprehensive accounting and management platform. It is highly flexible and configured to operate across your asset classes, currencies and portfolio types. It provides transaction management, cash management, reporting, recordkeeping and valuation — in a single system. With several accounting parameter choices, you can define accounting rules to create a processing environment that meets your needs; MTDsorted: The HMRC compliant accounting software without the cost. It is the secure accounting platform that is HMRC compliant and 'Making Tax Digital' ready for UK tax submission. With three core features including our bridging software to submit your taxes using your existing software, accounting software to track your spending and incoming then automatically calculate your VAT Return figures and the self assessment system to allow you to simplify your digital self assessment.
PAM and MTDsorted can be categorized as "Accounting" tools.
Some of the features offered by PAM are:
- Asset coverage
- Flexibility
- Rapid data conversion
On the other hand, MTDsorted provides the following key features:
- Bridging software
- Import from a spreadsheet
- Submit VAT Returns directly to HMRC