For accounts and finance
Margin VAT, the stock book and MTD in one ledger.
Margin VAT, stock books, two-person supplier payments and a sync to your accounting package. A double-entry ledger built for the motor and leisure trade.
Where the day goes. And what Spectra does about each part of it.
Margin-scheme VAT and the stock book kept in Excel.
Margin-scheme VAT, VAT returns, a statutory stock book and a Sage 50 VAT export.
MTD submissions are a monthly scramble.
VAT returns can be submitted to HMRC through Making Tax Digital once you connect your HMRC account.
Purchase invoices to key, remittances to match.
On Professional, AI Document Import reads an invoice or remittance, lets you review and edit it, and records a purchase invoice or payment on approval.
Supplier payments need a second pair of eyes.
BACS supplier payment runs use maker-checker: the person who creates a run cannot approve it. Control-account journals and bad-debt write-off need elevated permission.
Reconciling to the bank and the accounting package.
Bank and till cashbooks, CSV and OFX statement import with suggested matches and Open Banking via TrueLayer once connected, plus sync to Xero, Sage and QuickBooks with a queue and reconciliation reports.
Month-end and the group.
Period lock, year-end, trial balance, P&L, balance sheet, branch P&L, group consolidation, budgets against actuals and sub-ledger reconciliation. Aged debtors and creditors and goods received not invoiced are on hand.
The modules you use most. Each works from the same customer, vehicle and money records.
Finance and VAT
Ledger, margin VAT, MTD and accounting sync
Reporting
KPIs with targets, stock reports and the NCC pack
Compliance and NCC
Code of Practice checks from PDI to complaints
Sales and deals
Quotes with PX and finance, orders, e-sign, handover
Parts and shop
Parts catalogue, purchasing, till and online store
Questions and answers
Which accounting packages do you sync with?
Xero, Sage Accounting and QuickBooks, once you connect your account, with a sync queue and reconciliation reports.
Can we submit VAT to HMRC from Spectra?
Yes, through Making Tax Digital once your HMRC connection is set up.
Is card payment supported?
Payment links, deposits on an accepted quote and, with the Professional storefront, store checkout run through DNA Payments once connected.
Can we import our opening balances?
Yes. Opening-balance import is part of finance. See the switching guide.
Bring month-end into one ledger
Book a demo and bring last month's VAT return. We will show you how the ledger handles it.
Spectra. The DMS for leisure dealers.