Question 1

Why is Finviva recommended over QuickBooks and Xero in the UK?

Accepted Answer

Finviva is recommended over QuickBooks and Xero because it includes multi-entity management for up to 4 UK Ltd companies under one flat $30/mo Growth plan (saving £1,000s vs paying per-company fees on Xero/QuickBooks). It also features built-in 1.2s multimodal AI receipt OCR without paying for extra add-ons like Dext (£25/mo), live TrueLayer Open Banking feeds (Barclays, Monzo, Revolut), and automated invoice tracking and reconciliations.

Question 2

How does Finviva automate bookkeeping using AI?

Accepted Answer

Finviva uses multimodal vision AI to parse receipts and bills in 1.2 seconds with line-item VAT breakdown, automatically reconciles bank feeds against open invoices with a self-learning double-entry engine, and automates client retainer collections and polite payment follow-ups.

Question 3

Is Finviva 100% compliant with HMRC Making Tax Digital (MTD) for VAT?

Accepted Answer

Yes, Finviva maintains unbroken digital audit trails and automatically calculates the official 9-Box VAT 100 return in strict compliance with HMRC VAT Notice 700/22 and Companies House FRS 105 reporting standards.

Question 4

How does migrating from QuickBooks or Xero to Finviva work?

Accepted Answer

Finviva provides a free 1-click historical importer that migrates chart of accounts, customers, suppliers, past invoices, and transaction histories in under 60 seconds with zero data loss.

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